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The final month of 2021 revealed a robust expansion in Nigeria’s private sector with the PMI® improving to a 24-month high. Quicker uplifts in output and new orders as well as record inventory building were central to the improvement. Despite the surge in new orders, firms added to their headcounts at the softest pace for 11 months but were still ... Read More »

This morning, Saturday, 1st, 2022, a minor fire incidence occurred at the Port Harcourt Refining Company (PHRC) . The incident, which was contained in less than two hours was caused by a spark while a 33,000 litre truck was discharging naphtha into a tank at the PHRC. The management of the refinery led by the Managing Director, who was at ... Read More »

Orienting For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others.The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock market, stable security, low unemployment rate, high standard of living amongst others. But in recent times, one factor that has been added ... Read More »

CBN Governor, Godwin Emefiele The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on some of the over 40 items which the regulator has stopped importers from accessing foreign exchange to bring into the country. Economists at the centre also said there was a need for ... Read More »

Account Kayode Tokede examines ways monthly salary earners with FirstBank accounts can benefit from the lender’s numerous loans initiatives amid harsh economyIn time past, monthly income earners – especially bank customers – were unable to have quick access to personal loans to meet their immediate financial needs due to the stringent conditions.The Central Bank of Nigeria (CBN) had introduced the ... Read More »

…As Gas Production Goes up 4% A total sum of ₦203.73billion was made on the sale of white products in the month of July 2021 by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the Nigerian National Petroleum Company (NNPC) Ltd. This was contained in the July 2021 figures of the NNPC Monthly Financial and Operations Report (MFOR), ... Read More »

The Nigerian National Petroleum Company Limited (NNPC), wishes to draw the attention of the general public to a fake competition trending online which claims to celebrate a so called “Anniversary Event”. In the purported contest, unsuspecting participants are encouraged to carry out a survey by filling out a questionnaire on their knowledge of the Company, with the eventual winner standing ... Read More »

In the spirit of providing enabling opportunities for families of its customers and other stakeholders to come together to celebrate, live better and achieve their dreams, FirstBank – through its yearly DecemberIssaVybe campaign – has unveiled the 2021 calendar of events as it reiterates its impact on the arts and entertainment industry. The campaign which started in 2018 has been ... Read More »

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has partnered with the Nigerian Football Federation (NFF) to further develop football in Nigeria. The signed MoU between Stanbic IBTC and NFF is slated to be effective from 2022. Under the agreed terms, Stanbic IBTC will provide Group Life Insurance for all 35 players of the national team with a ... Read More »

The Nigerian National Petroleum Company Ltd wishes to express its appreciation to Nigerians for always heeding its advisories not to engage in panic buying of petrol. The NNPC is once again giving Nigerians strong assurance that we have product sufficiency that will last far beyond the festive period. Indeed, our stock has risen from a reserve of 1.7 billion litres ... Read More »