By Oluwafunke Ishola Lagos, Jan. 15, 2024 FrieslandCampina WAMCO Nigeria Plc has appointed Roger Adou as the Managing Director, effective Jan. 1, 2024. Ore Famurewa, Executive Director, Corporate Communications, made the disclosure in a statement on Monday in Lagos. According to the statement, Adou will report to Ali Khan, President, …
Read More »Total Energies visits NCDMB, reconfirms FID for Ubeta Project in 2024; Others underway
Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would take the final investment decision (FID) on the …
Read More »Steel: Tinubu receives brief on $10bn investment prospects
By Ismail Abdulaziz Abuja, Jan. 11, 2024 President Bola Tinubu on Thursday held a meeting with the Minister of Steel Development, Prince Shuaibu Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects in the steel sector. The President emphasised that a revitalised …
Read More »Academia has role to play in Blue Economy – Jamoh
….We will adjust curricula – UNILAG Vice Chancellor The Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh OFR, says the academia has a major role to play in the development of the Blue Economy in Nigeria. Dr Jamoh, who stated this during a courtesy visit …
Read More »CBN dissolves boards, management of Union, Keystone, Polaris banks
By Kadiri Abdulrahman Abuja, Jan. 10, 2024 The Central Bank of Nigeria (CBN) has dissolved the boards and management of Union Bank, Keystone Bank, and Polaris Bank. Mrs. Hakama Sidi-Ali, Acting Director, Corporate Communications Department of the CBN, disclosed this in a statement on Wednesday in Abuja. According to Sidi-Ali, …
Read More »Chevron Nigeria gets new Chairman/Managing Director
Lagos, January 9, 2024: Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, has announced the appointment of Jim Swartz as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effective April 1, 2024. A statement by Esimaje Brikinn, General …
Read More »NCDMB Exec Sec visits NUPRC, NIACOM, outlines collaboration opportunities
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe and the Commissioner for Insurance of the National Insurance Commission (NAICOM), Mr. Sunday Olorundare Thomas at their …
Read More »UBA surpasses N1trn market capitalisation mark
By Rukayat Adeyemi Lagos, Jan. 8, 2023 Africa’s Global Bank, United Bank for Africa (UBA) Plc, has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on …
Read More »Dangote Refinery set for production, receives 6th batch of 1m Crude oil barrels
Dangote Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN is the last cargo to complete the …
Read More »Tinubu dismisses FCCPC, BPE CEOs
By Ismail Abdulaziz Abuja, Jan. 8, 2024 President Bola Tinubu has dismissed the heads of the Federal Competition and Consumer Protection Commission, Mr. Babatunde Irukera and that of the Bureau of Public Enterprises, Mr. Alexander Okoh. This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the …
Read More »DMO lists 2 FG savings bonds for subscription in first 2024 offer
By Kadiri Abdulrahman Abuja, Jan. 8, 2024 The Debt Management Office (DMO) listed two Federal Government of Nigeria savings bonds on Monday for subscription at N1,000 per unit. They are the first offers in 2024. The first offer is a two-year savings bond due to mature on Jan. 17, …
Read More »CBN disburses $61m to foreign airlines to settle mature foreign exchange backlog
CBN Governor, Yemi Cardoso By Kadiri Abdulrahman Abuja, Jan. 7, 2024 The Central Bank of Nigeria (CBN), says it has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs. Hakama Sidi-Ali in Abuja on …
Read More »Dangote reacts to EFCC’s visit to its Headquarters …Says agency only visited, not raided head office
Management of Dangote Industries Limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC) saying it was ready to assist the Commission in its investigations. The foremost indigenous conglomerate in a statement disclosed that …
Read More »NNPC Ltd gifts N200,000 PMS voucher to lady mocked on social media
Mummy Zee, NNPC Ltd N200,000 PMS voucher beneficiary By Emmanuella Anokam Abuja, Jan. 6, 2024 The Nigerian National Petroleum Company (NNPC) Limited has gifted N200,000 Premium Motor Spirit (PMS) voucher to a lady identified as ‘Mummy Zee’ after being mocked online for waking up to cook for her husband at …
Read More »Dangote Refinery receives fifth one million barrels of crude oil cargo; 6th cargo next week
Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL), on Thursday. The company is already preparing to welcome the 6th one million crude oil cargo to the refinery, by next week. This latest …
Read More »Africa’s growth to increase in 2024, says UN report
By Cecilia Ologunagba New York, Jan. 4, 2024 Africa’s growth rate is projected to slightly increase from 3.3 per cent in 2023 to 3.5 in 2024, while global growth is expected to slow down. Global growth is expected to slow down from 2.7 per cent in 2023 to 2.4 per …
Read More »No increase in PMS prices, NNPC Ltd. assures Nigerians
The Nigerian National Petroleum Company (NNPC) Ltd. has dismissed as unfounded rumours of an imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. While urging Nigerians to disregard the rumours, the conglomerate, in a statement by Olufemi O. Soneye, its Chief Corporate Communications Officer, assured that there are no …
Read More »2024 appropriation bill will tackle hunger – Sen. Adeola
By Abiodun Lawal Ilaro (Ogun), Jan. 3, 2023 Sen. Solomon Adeola (APC-Ogun West), the Chairman, Senate Committee on Appropriation, has assured Nigerians that the 2024 appropriation bill of N28.7trillion would put an end to hunger in the land. Adeola stated this on Wednesday in Ilaro, Yewa South Local Government Area …
Read More »Tinubu signs 2024 budget into law
By Ismail Abdulaziz Abuja, Jan. 1, 2024 President Bola Tinubu, on Monday in Abuja, signed the 2024 appropriation bill of N28.78 trillion into law. The News Agency of Nigeria (NAN) reports that Tinubu signed the appropriation bill into law immediately after returning from the Christmas and New Year holidays in …
Read More »Senate passes N28.7trn 2024 Appropriation Bill
By Kingsley Okoye Abuja, Dec .30, 2023 The Senate has passed the N28.7trillion 2024 Appropriation Bill, increasing the budget from the N27.5trillion presented by President Bola Tinubu with about N1.2 trillion. The passage of the bill, followed the approval of report of the Senate Committee on Appropriation at plenary on …
Read More »Union Bank reports 461% growth in PBT in Q3, 2023
Union Bank Plc has announced a significant financial performance for the third quarter ending September 30, 2023. The bank reported a profit before tax (PBT) of N102.3 billion, reflecting an impressive growth of 461.1 percent compared to the PBT of N18.2 billion in the corresponding period of 2022. This notable …
Read More »Fidelity Bank scores big in KPMG Customer Experience Survey
In what has been termed the crowning glory of a successful year, leading financial institution – Fidelity Bank Plc – has been recognized for its devotion to providing exceptional customer experience. According to the recently issued KPMG 2023 West Africa Banking Industry Customer Experience Survey, the bank recorded a marked …
Read More »Gov. Adeleke signs 2024 Budget into law; Osun workers receive wage award alerts
OSOGBO- 29/12/2024 Governor Ademola Adeleke of Osun State has signed the budget 2024 bill into law with a promise to ensure full implementation for the benefit of the state and her people. The total approved budget is Two Hundred and Seventy Three Billion, Nine Hundred and Eight Million, Nine Hundred …
Read More »Emir of Zazzau extols benefits of non-interest bank
Emir of Zazzau in Zaria, Kaduna State, Ambassador Ahmed Nuhu Bamali has extolled the benefits of The Alternative Bank (TAB) as a non-interest banking institution which propels economic growth through sustainable practices, responsible investment and financial decisions. In a keynote address during the inauguration of TAB’s first physical branch in …
Read More »CBN assures depositors of safety of their funds
The Central Bank of Nigeria (CBN) has dismissed reports in some media outlets about a recommendation for the Federal Government to take over some financial institutions it supervises, insisting that “Nigerian banks remain safe and sound.” The apex Bank, in a statement by Sidi-Ali, Hakama (Mrs.) its Ag. Director, Corporate Communications, …
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