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MTN thanks Nigerians on 20th anniversary
MTN has extended its gratitude towards Nigerians as the telecoms and ICT company celebrates its 20th anniversary. The company began its operation in Nigeria in 2001 and has grown to…
Landlord Accuses AMCON of Flouting Court Order
A property owner, Mr Adebayo Shittu has accused the Asset Management Corporation of Nigeria (AMCON) of violating an order of the Court of Appeal, Lagos that restrained it from taking any…
Experts laud FEC approval of NNPC’s acquisition of 20% stake in Dangote refinery
Some economists and oil and gas experts have backed the Federal Executive Council’s (FEC) approval of the acquisition of 20 per cent minority stakes by the Nigerian National Petroleum Corporation (NNPC)…
16 insurance firms pay N67.12bn claims in six months
The total claims paid by sixteen insurance companies in the country rose by 36.48 per cent in the first half of this year from N49.18bn in the same period of 2020. An analysis of data…
Disquiet Over Closure Of Port Terminals In Lagos
Licensed clearing agents and other operators have expressed concerns over the indefinite closure of some bonded terminals in Lagos by the Nigeria Customs Service (NCS). They…
Dangote Sugar to invest $1bn on expansion
Dangote Sugar Refinery Plc has announced that it plans to spend $1bn on expansion after the Central Bank of Nigeria made the firm one of the three sole importers of the sweetener into the country.…
CBN recovers customers’ N89.2b from commercial banks
The Central Bank of Nigeria (CBN) has so far recovered N89.2 billion of customer’s money from commercial banks in the country based on 23,526 verified complaints that were investigated…
Rihanna becomes wealthiest female musician
Popular American singer, Rihanna has emerged the world wealthiest musician. This was made known by Forbes on its official Instagram page on Wednesday, August 4, 2021.…
FG hires JP Morgan, others on $6.2bn fresh borrowing
The Federal Government of Nigeria has appointed transaction advisers to facilitate the issuance of Eurobonds in the international capital market. This was contained in a…
CBN releases guidelines for establishing payment service holding companies
The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. This is…
NNPC buys $2.76bn stake in Dangote Refinery
The Nigerian National Petroleum Corporation(NNPC) is forging ahead with its plans to buy 20 percent stake in the Dangote Petroleum and Petro-Chemical Refinery. The Federal Executive…
‘Different from Bitcoin’ — what you need to know about eNaira, CBN’s proposed digital currency
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency (eNaira) by October 1, 2021. Rakiya Mohammed, CBN director of…
DANGOTE SALT INTRODUCES THE DANGOTE SALT ART CHALLENGE 2021 – UNLEASH YOUR CREATIVITY
Dangote Salt is redefining the way we engage with art in Nigeria. Dangote Salt calls for creative entries in the second edition of the Dangote Salt art challenge. The opening date for the submissions is 1st of July 2021 and the closing…
DANGOTE REFINERY, A BUSINESS INSPIRATION TO PRIVATE SECTOR OPERATORS – WALE TINUBU
As efforts are being intensified for the imminent completion of the multi-billion dollars 650,000bpd Dangote Refinery in Lagos, the project has been…
Bolt raises €600m from Sequoia, others to continue building first-ever super-app
Bolt, the leading ride-hailing and mobility platform, has raised €600 million in a funding round that increases its valuation to over €4 billion. The funds will boost its…
We won’t tamper with foreign currency in your dom accounts – CBN assures customers
The Central Bank of Nigeria (CBN) says speculations that the apex bank is considering converting foreign exchange (FX) in the domiciliary accounts of customers to naira should…
BDCs: Lawyers, NGO hail CBN’s move on forex supply
A group of lawyers and Non-Governmental Organizations (NGOs) under the aegis of Lawyers In Defence of Economic Rights (LIDER) have praised the recent decision of the Central Bank of…
NNPC Sold N234bn Petroleum Products In March
The Nigerian National Petroleum Corporation (NNPC) said its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold N234.63 billion worth of petroleum…
Manufacturers Back CBN’s Ban of FX Sale to BDCs
Members of the Manufacturers Association of Nigeria (MAN) have strongly supported last week’s decision by the Central Bank of Nigeria (CBN) to discontinue with the weekly sale…
NIN-SIM linkage: MTN Nigeria lost 7.6m subscribers in 6 months
MTN Nigeria, the largest network by market share, says it lost 7.6 million mobile subscribers in the first half of 2021. This is a 9.9 percent decline…
Is customer king under CBN?
When Central Bank of Nigeria (CBN) Governor Mr Godwin Emefiele assumed office on June 4, 2014, he pledged to run a people-oriented central bank. Twice he has led the…
Shell appoints Elohor Aiboni first female MD for exploration company SNEPCO
Global energy firm, Shell, has announced the appointment of Mrs. Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production…
2021 first half: Dangote Sugar records strong growth
Dangote Sugar Refinery recorded strong improvements in performance indices in half year ended June 30, 2021, as group revenue increased by 27.8 percent to N131.95 billion in…
Dangote Cement posts resilient performance in first half 2021
Africa’s largest cement producer, Dangote Cement has announced resilient results for the six months ended 30th June 2021 as Group sales volumes hit 15.3Mt. According to the…