Dangote refinery boosts gasoil exports to West African market
July 1, 2024 Nigeria’s new Dangote oil refinery is increasing gasoil exports to West Africa, taking market share from European refiners, according to traders and shipping data. The $20 billion…
I will expose fraud in Globus Bank, ex-staffer dares management
A former Information Technology (IT) officer at Globus Bank, Idris Babatunde Olayiwola, has dismissed as “baseless” and “untrue”, fraud allegations levelled against him by the bank. Olayiwola in a statement…
NDIC explains delay in payment of Heritage Bank customers
The Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers is delaying the payment of their insured…
Circumventing funding challenges in Nigeria’s oil sector before net zero
By Akpandem James ‘There is hunger in the land’ has become a common refrain in the Nigerian landscape owing to the fallouts of the harsh economic situation in the country….
Optimism as Nigeria tames inflation: Options for CBN
According to the National Bureau of Statistics, Nigeria’s headline inflation rate stood at 33.95% in May 2024, the highest level recorded in 28 years. However, there is a glimmer of…
Executing 4 national budgets concurrently against spirit of accountability – Obi
The Labour Party Presidential Candidate in the 2023 elections, Peter Obi has picked a hole with the implementation of four national budgets running concurrently and describes it as a recipe…
CBN: Strengthening banks and the financial system, by Arize Nwobu
The banks’ recapitalization policy scheduled for March 2026, by the Central Bank of Nigeria (CBN), is a proactive and commendable policy which aim at enhancing the solidity of banks in…
We’re working to ensure sustainability for our local manufacturers – Maida tells ATCON executives
June 28, 2024 …Says sector has shown proof of resilience Dr. Aminu Maida, the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, has assured members of…
2,659 NYSC members compete for NNPC Foundation Business pitch
A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. Billed…
Cost of healthy diet for one adult jumps to N1,041 in May – NBS
The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N1,041 in May 2024, the National Bureau of Statistics (NBS) has said. The NBS…