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Business
CAC Delists Dunlop, Mitsubishi, Other Dormant Coys
The Corporate Affairs Commission (CAC) says it has removed the names of companies that have not filed their annual reports in 10 years from its register. The CAC said it had deleted the companies who had failed…
Elon Musk is $83 billion richer post Trump win
Elon Musk, the world’s wealthiest individual, has seen his fortune soar to an unprecedented $347.8 billion following a dramatic post-election rally in Tesla’s share price. The surge, reported by the Bloomberg…
WEMA BANK COMMEMORATES INTERNATIONAL FRAUD AWARENESS WEEK 2024
Reinforcing its commitment to combatting fraud and protecting customers’ financial interests, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s…
NNPC directs marketers to cease petrol imports, cites Dangote refinery capacity
The Nigerian National Petroleum Company Limited (NNPC) has issued a directive to oil marketers to cease the importation of petrol, asserting that the Dangote Refinery possesses sufficient capacity to meet domestic…
Dangote Refinery Picks Holes In Naira Crude Sale Scheme, Blames NNPC
The federal government’s initiative to sell crude priced in naira is losing momentum, the vice-president of Dangote Industries Limited, Edwin Devakumar, said in an interview with Reuters on Friday. Early last…
Dangote Refinery resumes importation of crude oil from US after three-month break
The Lagos-based mega Dangote refinery has resumed importing crude oil from the United States after a three-month pause, as the facility increases its production…
FCMB Partners with EStars to Bring Esports Education to Nigerian Schools
First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want to introduce…
CBN refutes allegations of withholding foreign currency transfers
The Central Bank of Nigeria (CBN) has refuted claims that it is blocking access to foreign currency transfers into Nigerians’ accounts. The apex bank also cautioned customers to be cautious about the use of fake…
Naira gasps for breath on the black market, quoted at N1,750/$
The Naira faced more headwinds in the unofficial market amid high demand for the dollar and a widening supply gap. The Nigerian currency was trading as low as N1750/$ during the midweek trading session on the black…
Justice Department may force Google to sell off Chrome
Antitrust officials from the Justice Department are coming together to force Alphabet Inc.’s Google to sell off its Chrome browser, the most widely used browser, because it represents a monopolised access point…
Nigeria importing ₦3tr worth of fuel in last 40 days worrisome – ERAN
The decision by oil marketers to import fuel worth over N3 trillion between October 1 and November 11 this year has raised serious concerns, according to the Energy Reforms Advocates of Nigeria (ERAN). Expressing its…
Nigeria’s macroeconomic environment now stable, investor-friendly – FG
The macroeconomic environment in Nigeria is now stable and investor-friendly, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said. He also expressed confidence that the…
Governors threatening to deny lawmakers return tickets in 2027 over tax reform bills – Reps…
Deputy spokesman for the House of Representatives, Philip Agbese (APC-Benue), says the parliament is committed to passing the tax reform bills initiated by President Bola Tinubu despite threats by the state governors.…
Dangote Cement Ibese Fetes Senior Citizens In Host Communities
Dangote Cement, Ibese Plant at the weekend extended the frontier of its social investments in the wellbeing of its 17 host communities when it…
Dangote, IPMAN sign 240m litres monthly petrol deal
The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association of Nigeria weekly, which translates to 240…
Wema Bank Appoints New Deputy Managing Director and Executive Director
Wema Bank, Nigeria's innovative leader in banking and pioneer of Africa’s first fully digital bank, ALAT, is pleased to announce the appointment…
Dangote Seeking Bank Funding to Boost Crude Supplies to Refinery – Financial Times
*Minimum supply of 300,000 bpd costs $2bn in 3 months, says report UK, *US experts project refinery to hit full capacity in Q2, raise competition in…
Dangote Cement secures board approval to raise new bonds under N300 billion issuance program
Dangote Cement PLC has announced that its Board of Directors has approved plans to raise medium- to long-term debt funding from the domestic capital markets to improve its financial structure and support ongoing…
NNPC bought 40% of Nigeria’s 1.9m MT of fuel imports in six weeks
Amid pressure from the Dangote refinery’s management for Nigeria to stop the importation of petroleum products, a total of 1.947 million metric tonnes (MT)…
BREAKING: CBN directs banks to load ATMs, warns against disbursing cash to naira hawkers
The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). In a statement on Friday, Solaja Olayemi, acting director, currency operations…
Tantalizers reconstitutes board, gets new majority shareholders
…Ayeni family no longer in charge Fast food company, Tantalizers Plc has reconstituted its board in line with a change in its…
Blackmailing of GTCO, CEO: Court Constrained To Grant Bloggers Bail Due To History of Being Serial…
Justice Ayokunle Faji of the Federal High Court in Lagos has ordered an accelerated trial of the four bloggers…
Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of…
Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has announced the…
NNPCL Reaches 1.8m Barrels Per Day Crude Oil Production
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) says it has achieved 1.8 million barrels per day of crude production following continuous dislodgement of…