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Energy Experts:Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth

by Olusegun Edwards
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The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […]

2024 Financial Year: UBA Grows Profit to N804bn, Declares N3.00 Kobo Final Dividend

by Olusegun Edwards
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed an impressive rise in the bank’s profit after tax which went up […]

Tony Elumelu Foundation Donates $15m to Young African Entrepreneurs

by Olusegun Edwards
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The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known recently in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 seed grant to […]

ICT Experts Echo Need For More Than CNII Order To Secure Telecom Investments

by Olusegun Edwards
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Industry leaders have identified important measures to secure telecommunications infrastructures in the country and ensure that investments in the telecoms space are protected. They argued that as much as the effective implementation of the Executive Order on the Designation and Protection of Critical National Information Infrastructure (CNII) is important, the Order cannot solely guarantee infrastructure […]

Lagosians Hail Dangote over Impact of National Food Relief Programme; As rice Distribution Spreads Across beneficiary Local Govts

by Olusegun Edwards
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Chairman of the Aliko Dangote Foundation and Africa’s wealthiest person has continued to draw widespread commendation over the socio-economic impact of his national food relief programme, as the Foundation continues the distribution of 80,000 units of 10kg bags of rice to the vulnerable in Lagos State. Recall that the Lagos flag-off of the nationwide rice […]

US Imports Over 2m Barrels of Jet Fuel From Dangote Refinery; Experts Hail Refinery, Drum Support

by Olusegun Edwards
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The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the […]

IMF Names Tony Elumelu To Advisory Council on Entrepreneurship and Growth

by Olusegun Edwards
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Founder of Heirs Holdings and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, […]

LIRS Urges Taxpayers to Meet March 31 Deadline for Annual Tax Return Submission

by Olusegun Edwards
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The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns on or before March 31, 2025. This directive is in accordance with the Personal Income Tax Act (PITA) 2004 as amended. Ayodele Subair, […]

Dangote to Refund Customers Who Purchase PMS Above Advertised Rates From Key Partners

by Olusegun Edwards
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Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move follows the refinery’s recent reduction of its gantry price from N890 per […]

FG Targets Increased Income For Farmers As NASENI Kicks-off Irrigate Nigeria Project in Bauchi Sta

by Olusegun Edwards
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The Executive Vice Chairman/Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI) Mr. Khalil Suleiman Halilu has disclosed that the Federal Government’s Irrigate Nigeria Project, amongst other things, targets increase in income of Nigeria’s farmers nationwide, even as the formal launch of the initiative took place at the weekend in Gamawa […]

Heirs Energies Forum 2025: Public/ Private Sector Leaders Convene To Drive Nigeria’s Oil Production Growth

by Olusegun Edwards
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Heirs Energies, Africa’s fastest growing indigenous integrated energy company, hosted its inaugural Petroleum Industry Leadership Dialogue at the Transcorp Hilton Abuja,bringing together public and private sector leaders to accelerate Nigeria’s production growth. Heirs Holdings’ subsidiary, Heirs Energies, convened the forum,moderated by CEO of Heirs Energies, Osayande Igiehon, and which featured distinguished speakers including the Minister […]

UBA Group Champions Peace in Africa with Landmark $500,000 Donation to AU Peace Fund

by Olusegun Edwards
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Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the UBA Group supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified Africa, as envisioned […]

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