Nigeria’s highest authority making body, the Federal Executive Council (FEC) has proposed the sum of N47.9 trillion for the 2025 fiscal year for submission to the National Assembly on Monday. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this after the Council meeting chaired by President Bola Tinubu on Thursday at the Presidential […]
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The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has urged Nigerians to pray for divine intervention in the face of efforts by unscrupulous oil marketers to thwart the operations of the Dangote Petroleum Refinery, following the previous sabotage of Nigeria’s four state-owned refineries. The respected clergyman made the call […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director. The appointment has been approved by the relevant regulatory bodies, including the Central Bank of Nigeria. UBA’s Group Chairman, Tony Elumelu, CFR commenting on the appointment, said, “Henrietta Ugboh brings a track record of […]
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United Bank for Africa Plc has announced the issuance of 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in a rights issue to raise N239.4bn in a bid to meet the fresh capital requirements of the Central Bank of Nigeria. The rights issue which opened on Friday 15th November, 2024, allows existing […]
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Chairperson, Heirs Insurance Brokers (a member of Heirs Insurance Group) and Chairperson Avon HMO, Dr. Awele V. Elumelu, OFR, at the recently concluded International Conference for Women in Insurance, , joined other female business leaders in the call for gender parity and more women in leadership in Nigeria’s insurance industry. Held at the Lagos Continental […]
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Africa’s leading energy solutions provider listed on the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) is pleased to announce that the Company has emerged winner of the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024. The Africa Energy Chamber (AEC), the organisers of the annual week-long oil and gas conference, […]
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Dangote Industries Limited (DIL) has restated its commitment to driving the diversification of Nigeria’s economy for growth and job prospects through strategic investments. This is just as the Lagos Chamber of Commerce and Industries (LCCI) described the Company as the pillar and strength of the nation’s economy with its many investments. Dangote said while it […]
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Nigeria’s major financial services provider, Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward. This upgrade follows a recent comprehensive technology enhancement. The bank expressed its heartfelt gratitude to customers for their support […]
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Seplat Energy Plc has recorded N1.071 trillion for the third quarter of 2024, an increase from the N478.1 billion posted in the same period of 2023. The company stated this in its unaudited results filed with the Nigerian Exchange Ltd. (NGX) and the London Stock Exchange on Tuesday,, 29th 2024. The company’s Chief Executive Officer […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has set the wheels in motion to expand its operations in the Middle East with plan ongoing to open a subsidiary in Saudi Arabia, its largest economy. This move which is expected to happen within the next year will mark the bank’s second subsidiary in the […]
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To enhance its environmental sustainability initiatives in line with global best practices, Dangote Industries Limited (DIL), has embarked on a restoration project of planting 10,000 mangrove trees across coastal states in Nigeria. The project, in partnership with Eco-Restoration Foundation, kickstarted at Akodo-Ise, Ibeju-Lekki, Lagos, was aimed at minimising the global effects of climate change, by […]
Read More The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we […]
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