Tag: business
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Embattled NMDPRA boss Farouk Ahmed and Gbenga Komolafe resign
●President Tinubu nominates successors Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC resigned their positions on Wednesday, December 17. President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum…
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M4STV appoints Anthony Uyah as MD/COO
M4STV, the vibrant multimedia platform for news, entertainment, sports, hospitality, and health, has announced the appointment of Anthony Uyah as its Managing Director and Chief Operating Officer. Uyah’s arrival marks a significant step in the company’s mission to elevate content quality, expand digital reach, and strengthen its technological backbone. Uyah, a 1990 graduate of Mechanical…
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Aliko Dangote plans to sell 10% stake in refinery on NGX
Billionaire Aliko Dangote, has announced plans to sell between five and 10 percent of the Dangote Petroleum Refinery’s shares on the Nigerian Exchange (NGX) Limited within the next year. Speaking in an interview with S&P Global on October 20, Dangote said the move would follow the same path taken by other Dangote Group subsidiaries listed…
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Fuel price hits N1,000 as queues resurface
The pump price of Premium Motor Spirit (PMS), popularly known as petrol, has reached N1,000 or more per litre in parts of the country. Daily Trust reports that the last time PMS was sold at over N1, 000 was in April and since then, it had sold at below N900. However, reports from major cities…
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Lagos Governor Sanwo-Olu commissions Yikodeen Factory today
Nigeria’s industrial and local content landscape is set to take a bold leap forward as Yikodeen Company Limited prepares to unveil its ultra-modern, expanded manufacturing facility in Lagos officially. The commissioning ceremony, scheduled for Tuesday, June 24, 2025, will be chaired by the Governor of Lagos State, Babajide Sanwo-Olu, and will feature the attendance of…
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Yikodeen consolidates as Nigeria’s sole-approved safety boot supplier to oil & gas sector
Following its recent strategic investment from Aruwa Capital Management and successful participation at the Nigerian Oil & Gas Opportunity Fair (NOGOF) in Bayelsa, Yikodeen, Nigeria’s leading indigenous footwear manufacturer, will officially unveil its newly expanded manufacturing facility at a grand recommissioning event on June 24, 2025. The unveiling represents a landmark achievement in Nigeria’s local…
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ATM Foundation backs Beach tourism in Ilaje
The Abdul Adetunji Mohammed (ATM) Foundation has thrown its weight behind Beach Tourism. This was highlighted at the recently concluded Araromi Beach Carnival, hosted by Dr. Taiwo Malumi a notable philanthropist and founding member of the APC in Ondo State. The Foundation says it is to help “in the continued effort of Governor Lucky Aiyedatiwa’s…
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Listed companies declared N1.1trn dividends in 2024 –Agama
The Securities and Exchange Commission (SEC) has said that listed companies declared dividends totaling N1.1 trillion to shareholders in 2024. The Director-General of SEC, Emomotimi Agama, disclosed this at the first quarter Capital Market Committee (CMC) meeting recently in Lagos. Agama said out of the amount, listed companies had already paid N1.0 trillion to shareholders.…
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Aruwa Capital backs Yikodeen’s smart factory revolution for Nigerian footwear
In a move set to revolutionize Nigeria’s manufacturing landscape, indigenous footwear innovator Yikodeen has secured a $1.5 million strategic investment from Aruwa Capital Management to launch West Africa’s first smart manufacturing facility dedicated to safety footwear and other product lines. This funding milestone from Aruwa’s sophomore fund will transform Yikodeen from a successful local producer…
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President Tinubu inaugurates NNPCL Board as sports people praise Musa Kida’s appointment
President Bola Ahmed Tinubu on Thursday officially inaugurated the new Board of Nigeria National Petroleum Company Limited, at the Presidential Villa, in Abuja. The board, which is led by a renowned oil and gas technocrat, Engr. Ahmadu Musa Kida, has been saddled with the responsibility of turning around the financial fortunes of the nation’s biggest…
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