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Nine of 29 directors survive as CBN implements Obazee Report
Sixteen of the twenty-nine directors heading different units of the Central Bank of Nigeria(CBN) have been disengaged, sources familiar with the operations of the apex bank told PREMIUM TIMES. Only nine departmental…
Company Income Tax Dips N135.4bn, VAT Grows N230bn In Q1
Company Income Tax has dwindled to N984.61 billion showing the stark reality of country’s economy that has forced many businesses to…
Foreign airlines’ fares are now lower than Air Peace as price war continues on London route
Competition on the popular Lagos-London route has intensified, with foreign airlines slashing fares, some even undercutting Air Peace Airline, the only Nigerian carrier on the route. An economy class return ticket on…
Tolaram splashes over N100bn for Diageo’s 58.02% stake in Guinness
… stock price rises first time in weeks Tolaram, a Singapore-based holding company is set to spend about…
Uncertainty clouds Nigeria’s Eurobond plans
Nigeria’s plans to issue Eurobonds, once seen as a path to bolster government finances, have been clouded by uncertainties, according to findings by BusinessDay. Africa’s biggest economy had been aiming to raise funds…
CBN reassures heritage bank customers, others of safety of bank deposits
The Central Bank of Nigeria (CBN) has reassured members of the banking public, particularly customers of Heritage Bank of the safety of their deposits and the banking system’s resilience. This follows the recent…
Bode George seeks shareholding for Dangote Refinery’s host communities
Former Deputy National Chairman of the People’s Democratic Party (PDP), Olabode George, has canvassed shareholding for host communities of Dangote Refinery and Petrochemical projects. He advised the President of Dangote…
Dangote Refinery moves date of production of petrol from June to mid July
Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July. The President and CEO of the refinery, Aliko…
Dangote Sinotruk Targets 60% Local Content With New Plant
The President of the Dangote Group, Alhaji Aliko Dangote, has reaffirmed the readiness of one of his companies, Dangote Sinotruk West Africa Ltd (DSWAL), to… The President of the Dangote Group, Alhaji Aliko Dangote, has…
Sacked CBN employees seek reinstatement, fault dismissal
Some sacked employees of the Central Bank of Nigeria (CBN) have questioned the manner of their dismissal…
All eyes on Adaora Umeoji as she officially becomes Zenith Bank’s GMD/ CEO
Zenith Bank Plc, long known for its leadership in the Nigerian banking sector, is poised to usher in a new era of excellence under the leadership of…
Northern youths threaten nationwide shutdown over alleged ethnic cleansing at CBN
The Conference of Autochthonous Ethnic Communities Development Association (CONECDA) Youth Wing has threatened to shut down…
PHOTOS: Dangote inaugurates CKD truck assembly plant in Lagos
Dangote Sinotruk West Africa inaugurated a completely knocked down (CKD) truck assembly plant in Lagos state on Sunday. The inauguration had in attendance Senate President Godswill Akpabio and Babajide Sanwo-Olu, governor…
Naira devaluation has made Nigerian goods affordable to African countries – Customs
Timi Bomodi, comptroller of Seme command, Nigeria Customs Service (NCS), says naira devaluation has positively impacted exports. Bomodi spoke on Sunday during an interview with the News Agency of Nigeria (NAN).…
Loan-for-crude: Oando reveals $550m contribution to Afrexim Bank facility
Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored…
I was warned against building refinery — Dangote
Nigerian businessman, industrialist and CEO of the Dangote Group, Aliko Dangote, has said he was warned not to embark on his refinery project. In an interview posted on the Business Elites Africa X handle, Dangote said he…
Nigeria’s trade surplus hits new high of N6.52 trillion in Q1 2024
Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion. This is a significant recovery from the N1.41 trillion trade deficit recorded in the…
Microfinance Bank launches ‘ram loans scheme’ for Sallah celebrations
The Yobe Microfinance Bank says it has launched a “ram loans scheme” for Sallah celebrations. Sheriff Almuhajir, the bank’s chief executive officer (CEO), disclosed this in an interview with NAN in Damaturu on Thursday.…
DANGOTE REFINERY: A SHAME TO PAST NIGERIAN GOVERNMENTS – SENATE PRESIDENT
…Says even ordinary Nigeria Vice-President’s residence takes 14 years to complete. The Senate leadership yesterday described the 650,000bpd Dangote Petroleum Refinery as the 9th…
Dangote refinery: Oil majors blame theft, low production for poor crude supply
Major oil companies have lamented the impact of oil theft and pipeline vandalism on the availability of crude for local refineries. The Director-General of the Lagos State Chamber of Commerce and Industry, Dr…
Multichoice Reacts to Court Ruling Ordering One Month Free Subscription, Reveals Next Line of Action
Multichoice Nigeria has expressed its dissatisfaction with the recent court ruling directing it to offer a month of free subscription to its…
MTN Chief Marketing Officer resigns over corruption probe
MTN Nigeria Communications Plc has commissioned an investigation into the activities of its Chief Marketing Officer (CMO) Ms. Adia Sowho who has been…
BREAKING: Tribunal orders Multichoice to give Nigerians one-month free subscription
The Competition and Consumer Protection Tribunal has fined prominent Pay-TV operator, Multichoice Nigeria, N150 million for challenging the jurisdiction of a court sitting in Abuja that recently restrained it from increasing…