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Business · The Punch ·Axxela deepens safety culture with 10m injury-free hours
Axxela has achieved a milestone of 10 million man-hours without any lost time injuries, reflecting its commitment to industrial safety standards. This accomplishment demonstrates the energy company's focus on maintaining a secure work environment and strengthening its internal safety culture while executing various operations and projects across its facilities.
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Business · The Punch ·
Oriental Energy lauds CSR drive in host communities
Oriental Energy Resources Limited has expressed satisfaction with its ongoing corporate social responsibility initiatives within its host communities. The indigenous oil and gas firm highlighted the positive impact of its various development projects aimed at improving the living standards and welfare of residents in the areas where it operates.
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Business · The Punch ·
Dangote supplies jet fuel to Ethiopian Airlines, others
Dangote Refinery has commenced the supply of aviation fuel to Ethiopian Airlines and other international carriers. This development marks a significant milestone in the refinery's operational capacity, aiming to meet the fuel requirements of the aviation industry within Africa and beyond while reducing regional dependence on imported jet fuel.
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Business · The Punch ·
Africa Day: Celebrate employee mobility
Africa Day observations include calls to recognize and promote employee mobility across the continent. Enhancing the movement of labor is presented as a means to foster regional integration and professional development, encouraging organizations to facilitate the transfer of skills and talent between diverse African markets and nations.
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Business · The Punch ·
Minister pushes value addition in Africa’s mineral sector
A Nigerian minister is advocating for the implementation of value addition within Africa's mineral sector. The initiative aims to enhance the continent's economic benefits by processing raw materials locally before export, rather than shipping them out in their natural state. This strategic move is intended to foster industrial growth and create jobs across the region.
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Business · The Punch ·
Fintech deal targets faster cross-border payments
A recent financial technology agreement focuses on accelerating the speed and reliability of international payment systems. The partnership aims to streamline cross-border transactions, reducing delays for remittances and global commercial payments to enhance the overall efficiency of the digital financial ecosystem for users.
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Business · The Punch ·
NNPC and the future of Nigeria
The Nigerian National Petroleum Company Limited plays a central role in determining the country's economic trajectory and long-term development goals. As the nation's primary revenue generator, the corporation's ongoing reforms and management strategies are expected to significantly influence Nigeria's future fiscal stability and energy security landscape.
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Business · The Punch ·
Hearing in CitiTrust Ponzi case adjourned to June 29
A Nigerian court has postponed the hearing regarding the CitiTrust Ponzi scheme case until June 29. The legal proceedings involve allegations of fraudulent investment activities. This adjournment allows for further judicial review of the matter as stakeholders await the next scheduled appearance to address the charges brought against the company.
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Business · The Punch ·
Quest Merchant Bank appoints new executive director
Quest Merchant Bank has announced the appointment of a new executive director to its leadership team. This strategic move is intended to strengthen the bank's management structure and support its ongoing operational objectives within the Nigerian financial services sector.
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Business · The Punch ·
Court orders NIRSAL to pay ex-director N1.08bn benefits
A court has ordered the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending to pay 1.08 billion naira in benefits to a former director. The judgment mandates the financial settlement following a legal dispute regarding the official's entitlements. This ruling requires the institution to fulfill its financial obligations to the former executive member.
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Business · Vanguard ·We’re committed to impacting over 200 million Nigerians — NNPCL
The Nigerian National Petroleum Company Limited has stated its commitment to positively influencing the lives of more than two hundred million citizens across the country. The state-owned energy firm seeks to achieve this goal through various corporate initiatives and strategic operations aimed at fostering national development and ensuring energy security for the entire federation.
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Business · The Punch ·
Naira strengthens against dollar as FX turnover surges
The Nigerian Naira recorded gains against the United States dollar in the foreign exchange market following a significant increase in transaction volume. This appreciation comes as trading activity surges, indicating a boost in liquidity within the official currency exchange window as reported by market data.
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Business · The Punch ·
Shareholders hail GTCO’s N12.76 dividend payout
Shareholders of Guaranty Trust Holding Company have expressed satisfaction following the group’s N12.76 dividend payout. This financial distribution reflects the company's recent performance and provides investors with a return on their holdings, marking a significant event in the current Nigerian financial reporting cycle.
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Business · The Punch ·
NIWA boss highlights staff safety as key priority
The Managing Director of the National Inland Waterways Authority has declared that staff safety is a primary focus for the agency. This commitment aims to ensure a secure environment for personnel while they oversee operations and safety standards across Nigeria's inland water transportation network, ultimately enhancing overall organizational performance.
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Business · The Punch ·
NGX shareholders laud board, urge sustained growth focus
Shareholders of the Nigerian Exchange Group have expressed satisfaction with the performance of the board of directors. During a recent engagement, the investors commended the leadership while encouraging the group to maintain its focus on long-term growth and market development to enhance value for all stakeholders.
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Business · The Punch ·
NGX surges N5.55tn on strong broad-based buying
The Nigerian Exchange recorded a significant gain as market capitalization surged by N5.55 trillion. This growth was driven by robust across-the-board buying interest from investors, reflecting positive sentiment in the local equities market. The development highlights a period of strong performance for listed stocks on the domestic bourse.
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Business · ThisDay ·British Investment Targets £9bn for Africa, Focuses on Frontier Markets
British investment initiatives are targeting a total of £9 billion for deployment across Africa, specifically focusing on frontier markets. The move aims to enhance economic partnerships and drive growth within the continent's emerging sectors through strategic capital allocation and support for regional development projects.
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Business · ThisDay ·
Reverse Tide: How a Uyo Brewer’s Quiet Move on Bullet Signals New Chapter for Nigerian Corporate Ambition
A brewery based in Uyo has initiated a strategic acquisition of the Bullet energy drink brand. This move represents a shift in Nigerian corporate expansion, highlighting the growing capacity of local firms to acquire established brands and signals a new phase of domestic investment within the country's beverage industry.
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Business · ThisDay ·
Cookstoves Production: Greenplinth Africa Enters $10bn Investment Agreement
Greenplinth Africa has secured a $10 billion investment agreement to support the mass production of cookstoves. This deal is intended to enhance manufacturing capacity and promote cleaner cooking solutions, marking a significant capital injection into the continent's energy and industrial sectors.
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Business · ThisDay ·
FATE Foundation Marks 26 Years of Building Entrepreneurs
FATE Foundation recently commemorated twenty-six years of operations focused on fostering entrepreneurship in Nigeria. Since its inception, the non-profit organization has provided training, mentoring, and business support services to help aspiring entrepreneurs establish and scale their ventures, contributing to the country’s economic development through sustainable private sector growth.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.