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CBN debunks report on planned nationalisation of Unity Bank
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the Acting Director, Corporate…
MTN to pay shareholders N9.40 dividend per share
MTN Nigeria Communications Plc, has announced the payment of N9.40 final dividend per share to shareholders for the year ended December 31, 2020. The dividend represents 18.7…
Importers, agents groan as Customs adopt N404.97/$1 as new import duty rate
Importers in the country are to pay more, as the Federal Government, through the Central Bank of Nigeria (CBN) adopts a higher exchange rate band from N381 to N404.97 for calculation and payment of import duty.…
With Declining Sector Investments, NNPC Predicts $200 Oil Price
The Nigerian National Petroleum Corporation (NNPC) yesterday predicted that oil price could climb as high as $200 per barrel, as banks and major International Oil Companies (IOCs)…
Oil prices hit highest levels in years on improved demand
Oil prices continued an upward trend on Wednesday as confidence in the outlook continues to grow on the back of strong fuel demand in western economies. Brent crude futures were up 42 cents, or 0.6percent, at…
NLNG revenue generation hits $110b
The Nigerian Liquidfied Natural Gas (NLNG) said its revenue generation since 1999 has exceeded $110billion. Its Managing Director, Mr. Tony Attah, made this known…
Twitter ban may run us bankrupt — Entrepreneurs
Entrepreneurs across the country have decried the Federal Government’s suspension of the microblogging site, Twitter, in Nigeria, saying that their businesses are already on the line and they may go bankrupt soon.…
Banks Suspend Twitter Support For Products
Following Federal Government’s suspension of Twitter operation in Nigeria, some banks have followed suit by suspending the micro blogging platform’s support for their online…
Usual suspects and unknowns among winners of NNPC swap deals
The Nigerian state-owned company has published the list of firms who will get crude oil in exchange for petroleum products. As usual, established companies rub…
Finally, Dangote Fertiliser commences production of Urea
… Hits Market Monday To the admiration of key financial sector operators present, the Dangote Fertilizer Limited announced yesterday the formal commencement of production of Urea in…
World Environment Day – FCMB Restates Commitment to Environmental Sustainability; Expands…
First City Monument Bank (FCMB), has re-assured that it will continue to champion, execute and support initiatives that would enhance the ecosystem, as well as tackle some of the adverse effects of climate change and…
Local, foreign banks invested $10b in Dangote Refinery – Emefiele
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and Petrochemical…
Mobile Networks, Not Banks Are Responsible for N6.98 Compulsory Payment For USSD Services
More light has been shed on the new payment suddenly enforced on the usage of USSD services by Nigerian banks customers. Several users were shocked some days ago when they received…
Why NNPC is considering equity in Dangote refinery, others
The Nigerian National Petroleum Corporation (NNPC) is considering equity participation in some private refineries in line with a Federal Government’s policy directive which…
FG hopeful of N3tr from marginal oil fields development
• Cost of production, investment, hurdles cast shadow to 40b reserves• Stakeholders pick holes, say $500m signature bonuses an…
Dangote partners German govt on youth training to address skills deficit
…Sanwo Olu woos ADF, VDMA to set up same in Lagos The Aliko Dangote Foundation in partnership with Germany's VDMA (the German Association for Mechanical and Plant Engineering) and its Foundation for Young Talent in Mechanical…
Lagos set to build biggest tech hub in Yaba
Lagos State Government is set to embark on the construction of the biggest technology cluster in West Africa to expand the tech space to…
Oil Price Hits 30-month High on OPEC’s Demand Rally Forecast
Crude oil prices yesterday climbed to the highest point in more than two-and-a-half years, after the Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ forecast a…
ExxonMobil pulls out of Ghana, abandons oil fields
US oil and gas company, ExxonMobil has pulled out of Ghana, abandoning its exploration activities in the Deepwater Cape Three Point Block in the Western Region. The company in a letter to the Minister of Energy, Matthew…
NNPC plans to acquire stakes in six private refineries
The Nigerian National Petroleum Corporation on Monday said it is currently considering equity participation in some private refineries across the country. It said this was in line with a Federal Government’s policy…
663.6kWp Solar Power Plant: Ministry of Environment Commends Nigerian Breweries Plc
The Federal Government through the Ministry of Environment has commended Nigerian Breweries Plc following the successful launch of a world class…
BACKWARD Integration policy in Sugar sector to fetch Nigeria $700million annually – Dangote
…..Dangote Sugar records production increase in 2020 Dangote Sugar Refinery Plc has urged government to faithfully follow through the Backward…
Forensic Audit: MTN, Airtel top complaint list for data depletion
MTN and Airtel topped the list of mobile network operators (MNOs) with the highest number of subscriber complaints over suspicious data depletion incidences, preliminary report of the forensic audit…
Dangote Cement increases capacity, promises more supply
The Dangote Cement Plc has announced that it has deeply invested in enlightening consumers on the different applications and the best optimal use of the product in furtherance to the measures put in place for more supply of…