Access Holdings Plc has stated that the appointment of Ms. Bolaji Agbede as Acting Group Chief Executive Officer was consistent with the company’s succession planning practices. In a report to the Nigerian Exchange Group, NGX, the company’s Chairman, Abubakar Jimoh, commented on the appointment, stating that Ms. Agbede is the company’s most Senior Executive with … Read more
The International Monetary Fund (IMF) has reduced its forecast for Nigeria’s economic growth to 3 percent in 2024 down from a 3.1 percent projected in October 2023. This is contained in the Washington-based institution’s World Economic Outlook (WEO) update for January 2024. The outlook, released on Tuesday, is titled, ‘Moderating Inflation and Steady Growth Open … Read more
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has described the Nigerian currency as “undervalued.” Mr Cardoso stated this Wednesday at the Launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report. “We believe that the naira is currently undervalued and, coupled with coordinated measures on the fiscal side, we will … Read more
Chevron Nigeria Limited has appointed a new Chairman and Managing Director, Jim Swartz. This was contained in statement made available to Platinumpost on Wednesday by the firm’s General Manager, Policy, Government and Public Affairs Esimaje Brikinn. According to the statement, Swartz was appointed “as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effective … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of petrol in the near future. Olufemi Soneye, the company’s chief corporate communications officer, also warned motorists against panic buying. The statement came amid reports that the corporation battled with petroleum merchants under the auspices of … Read more