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CBN warns public against fake contracts, grants, intervention fund scams

Why CBN snubbed BDC operators in $123m FX sale

Bureau De Change Operators were excluded from the Central Bank of Nigeria’s latest batch of currency sales to licensed dealers. This disclosure was made by the disclosed by the President of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadebe, according toThe PUNCH. He noted that on banks got the intervention. Responding in […]

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15th July 2024
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Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16

NNCPL no longer owns 20% of Dangote refinery – Dangote

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, revealed in a recent media briefing at the refinery that the Nigerian National Petroleum Corporation Limited’s stake in Dangote Refinery has reduced from 20% to 7.2%. This reduction, Dangote explained, was due to NNPC’s failure to complete the payment for their agreed-upon 20% stake by the […]

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15th July 2024
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Domestic refining output falls by 92% - Report

News Oil and Gas

Minister defends P’Harcourt refinery takeoff delay amid licensing

The Port Harcourt Refining Company is now going through numerous licensing processes following the supply of crude oil to the plant, which was mechanically finished in December 2023. Senior officials from the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited confirmed this on Saturday, according to The PUNCH. Also, the Minister […]

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15th July 2024
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News

Lagos cracks down on fake building materials testing agents

In a bid to bolster building safety standards, the Lagos State Government has unveiled stringent measures aimed at curbing the activities of counterfeit materials testing agents. This initiative comes amidst ongoing efforts to reform and enhance the verification process for construction materials. General Manager of the Lagos State Materials Testing Laboratory Agency, Engineer Olayinka Abdul, […]

monwubukepdnlimited-com
14th July 2024
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News Oil and Gas

NNPCL now has less than 20% share of refinery – Dangote

Dangote Refinery’s CEO, Aliko Dangote, has stated that the Nigerian National Petroleum Corporation Limited no longer has a 20% share in the refinery. This was disclosed during his address to pressmen in Sunday. Dangote said that NNPCL currently owns only 7.2% of the refinery due to the NNPC’s refusal to pay the remaining portion of […]

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14th July 2024
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News

WATRA leads efforts to lower internet costs across West Africa

The West Africa Telecommunications Regulators Assembly has unveiled plans to foster infrastructure sharing among West African nations, aiming to significantly reduce internet costs for telecom consumers across the region. During a virtual stakeholders’ meeting over the weekend, Mr. Aliyu Aboki, Executive Secretary of WATRA, revealed the organization’s initiatives to enhance digital connectivity by facilitating the […]

aomenyepdnlimited-com
14th July 2024
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Dangote Refinery loses N32.5bn after petrol price cut

News

Dangote refinery to source crude oil from African nations

Chairman of Dangote Refinery, Aliko Dangote, announced plans to procure crude oil from several African nations following recent imports from the United States and Brazil. During a facility tour in Lagos on Saturday, Dangote disclosed that the refinery anticipates receiving feedstock from the US and Brazil in the upcoming months. “We are in discussions to […]

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14th July 2024
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Lagos unveils plan to tax remote workers to generate N200bn

News

Lagos allocates N25bn for SME development projects

Governor Babajide Olusola Sanwo-Olu of Lagos State has announced that approximately N25 billion has been disbursed to Small and Medium Enterprises through the Lagos State Employment Trust Fund over the past six years. This initiative aims to bolster productivity and stimulate economic growth across the state. Speaking at the 2024 Business Day Newspaper CEO Forum […]

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14th July 2024
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Tinubu orders NNPC to sell Crude to Dangote in Naira

News

Tinubu reveals reason for suspending import duties

President Bola Tinubu has offered insights into his decision to temporarily suspend import duties on selected food items, aiming to alleviate food shortages and enhance affordability for consumers. Speaking at the public presentation of Olusegun Osoba’s book “My Life in the Public Eye” in Lagos on Saturday, Tinubu, represented by Vice President Kashim Shettima, underscored […]

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14th July 2024
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News

AfDB President Adesina criticizes border opening for food imports

President of the African Development Bank Dr. Akinwunmi Adesina, has criticized Nigeria’s recent decision to open its borders to extensive food imports, describing the policy as detrimental to the country’s agricultural strategy. Speaking at the Council of Anglican Provinces of Africa retreat in Abuja on Saturday, themed ‘Food Security and Financial Sustainability in Africa,’ Adesina […]

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14th July 2024
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News

Dangote refinery to receive Brazilian crude cargo

The Dangote Petroleum Refinery will receive a shipment of Brazilian oil, according to Bloomberg’s report on Friday. This import will add to the Nigerian company’s already large amount of imported crude barrels from overseas. Local crude oil refiners, notably the Dangote refinery, modular refineries, and indigenous crude producers, have regularly expressed worries over Nigeria’s poor […]

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14th July 2024
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News

AfDB’s Adesina urges youths to invest in Nigeria’s agribusiness

President of the African Development Bank, Dr Akinwumi Adesina, on Friday pushed youth investment in Nigeria’s agribusiness. This was disclosed by adeshina in his keynote address at the Council of Anglican Provinces of Africa Primates and Wives’ Retreat in Abuja, according to The Punch. The speech themed “Food Security and Financial Sustainability in Africa: The […]

monwubukepdnlimited-com
14th July 2024
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NNPC raises alarm over Nigeria’s growing energy skills

CBN calls for wider adoption of digital payment

EFCC charges two over alleged unlawful supply of

FG urges banks, fintechs to bridge $14.8bn gender

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NNPC raises alarm over Nigeria’s growing energy skills shortage

CBN calls for wider adoption of digital payment channels

I earn ₦503,000 monthly, permanent secretaries get ₦900,000 —

Microsoft warns Africa risks becoming AI consumer

Why CBN snubbed BDC operators in $123m FX sale

NNCPL no longer owns 20% of Dangote refinery – Dangote

Minister defends P’Harcourt refinery takeoff delay amid licensing

Lagos cracks down on fake building materials testing agents

NNPCL now has less than 20% share of refinery – Dangote

WATRA leads efforts to lower internet costs across West Africa

Dangote refinery to source crude oil from African nations

Lagos allocates N25bn for SME development projects

Tinubu reveals reason for suspending import duties

AfDB President Adesina criticizes border opening for food imports

Dangote refinery to receive Brazilian crude cargo

AfDB’s Adesina urges youths to invest in Nigeria’s agribusiness

NNPC raises alarm over Nigeria’s growing energy skills.

CBN calls for wider adoption of digital payment.

I earn ₦503,000 monthly, permanent secretaries get ₦900,000.

Microsoft warns Africa risks becoming AI consumer

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