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The Nigerian National Petroleum Company (NNPC) Limited has released its 2024 audited financial statement, showing a profit after tax of N5.4 trillion for the year ended December 2024. According to the report published on Monday, the profit represents a 64 percent increase from the N3.3 trillion recorded in 2023. NNPC also reported total revenue of […]
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UN Secretary-General António Guterres has condemned the Guinea-Bissau coup, describing the military takeover as a serious violation of constitutional order. In a statement released on Thursday by his spokesperson, Stéphane Dujarric, Guterres criticised the removal of President Umaro Sissoco Embaló. Embaló was deposed on Wednesday after military officers announced they had tak...
Nigeria has fulfilled all host-country commitments required for the takeoff of the Africa Energy Bank, according to the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri. The minister said this on Thursday in Abuja during his inspection of the newly furnished headquarters of the bank. He explained that the government had delivered a fully […]
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Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Arab-Africa Summit will play a major role in strengthening trade relations and driving economic cooperation between both regions. Edun spoke on Thursday in Abuja at the fifth edition of the B2B Agribusiness Matchmaking event organised by the Arab Africa Trade Bridge. He […]
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Nigeria’s Treasury bills market closed relatively unchanged on Thursday, as mixed trading patterns kept average yields stable across the curve. Portfolio adjustments by investors produced only marginal movements, even as changes were recorded at specific maturities. Investor appetite for naira-denominated assets has increased since the Central Bank of Nigeria held the Monetar...
