Business

  The Federal Government has announced that only buyers with National Identification Numbers would benefit as it commenced the sale of 30, 000 metric tonnes of milled rice to Nigerians at a subsidised rate of N40,000 per 50kg bag. President ...

  Dangote Group has dismissed reports that the Nigerian National Petroleum Company Limited (NNPCL) has started lifting Premium Motor Spirit (PMS), popularly known as petrol, from its refinery. A newspaper had reported that NNPCL lifted petrol from Dangote Refinery and sold it ...

Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant increase in its borrowing from the institution. A financial statement dated June 30 2024 but recently made public and obtained ...

Dangote Industries Limited and MTN Nigeria have been named Nigeria’s ‘Most Valuable Brand’. Dangote Industries came top after an assessment conducted by ‘Top 50 Brands Nigeria’ as part of its evaluation of top brands for the year. At the media ...

  Billionaire businessman, Femi Otedola, has said that the commencement of petroleum production by the Dangote Refinery in Lagos has released Nigeria from the clutches of foreign powers and local oil cabals. Otedola said this on Tuesday on his X ...

  The Mastercard Foundation has said it will host two events at the 79th Session of the United Nations General Assembly later this month that border on secondary education and women empowerment in Africa. A statement from the foundation on ...

  Virgin Atlantic has announced its re-launch of daily flights between Accra and London Heathrow. According to a statement issued by the airline on Monday, the Accra-London flight will commence in May 2025. It stated that the new service was ...

  The Ambassador of Tunisia to Nigeria, Mohsen Antit, has announced that direct flights between Tunisia and Nigeria are expected to commence in 2026. This initiative is part of broader efforts to enhance bilateral relations between the two countries. In ...

  The Federal Government has declared a state of emergency at the Onne Port in Rivers State following the repeated incidents of importation of dangerous cargo, including arms and ammunition through this port. To this effect, the government said it ...

  Nigerian social media activist Martins Vincent Otse, also known as Verydarkman, has voiced his skepticism following the release of the first batch of Premium Motor Spirit (PMS) from Aliko Dangote’s newly operational refinery. The refinery, located in Ibeju-Lekki, was ...

  The Federal government has rubbished reports on social media suggesting that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1000, above the approved pump price. A report, intending to mislead the public and cause panic, which is devoid of ...

  The Canadian Government has said it supported Nigeria with the building of nine oxygen plants in nine states worth $23 million due to the gaps she experienced during the outbreak of the COVID-19 pandemic in 2019. The Canadian High ...

  The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, otherwise known as petrol, The PUNCH can report authoritatively. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. ...

  Citibank Nigeria Limited has appointed Nneka Enwereji as its Managing Director/Chief Executive Officer. In a statement issued by the Head of Public Affairs, Nigeria and Ghana Global Communications Enterprise Services and Public Affairs, Lola Oyeka and made available to The ...

  President Bola Tinubu has approved a 50 per cent electricity subsidy for public hospitals and educational institutions to alleviate their financial burden. Minister of State for Health, Dr Tunji Alausa, disclosed this while speaking to journalists in Kaduna on ...

  The Nigerian National Petroleum Company Limited has stated plans to engage reputable operations and maintenance companies for the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company. The NNPC, in a notice on its website, said ...

  Zenith Bank Plc has recorded a 117 per cent increase in its gross earnings from N967.3bn reported in H1 2023 to N2.1tn in H1 2024 on the back of appreciation in both interest income and non-interest income. In its ...

  Fidelity Bank Plc and Mastercard have collaborated to launch a new initiative to enhance cross-border payments and remittances in Nigeria. According to a statement from the bank on Friday, the new product, Fidelity Send, rides on Mastercard’s extensive global ...

Okpechi’s KAMSI shines at 7th KADIFF as Uganda tops as a country The 7th edition of the Kaduna International Film Festival (KADIFF) concluded with a groundbreaking award ceremony that celebrated the unparalleled achievements of filmmakers from across Africa. The festival, ...

  The Federal Government has through the Nigerian Communications Commission (NCC), set a new deadline for subscribers to ensure they link their Subscribers Identity Modules (SIM) with the their National Identity Numbers (NIN) The government also raised alarm over the acquisition ...

  The Minister of Power, Chief Adebayo Adelabu yesterday said he will present the draft document on National Integrated Electricity Policy to the Federal Executive Council (FEC) for approval in the next six weeks He spoke during the official presentation of the ...

  Lotus Bank has filed an application before a Federal High Court in Lagos against 45 financial institutions in the country. This is in a bid to recover the sum of N1,134,491,604.31 loss as a result of system glitch that allowed customers ...

  The United Bank for Africa has said that the next edition of its Business Series would be focused on building businesses that survive generations. In a statement on Tuesday, the financial institution disclosed that the next edition of the ...

The Nigerian Communications Commission has announced September 14, 2024, as the final deadline for Nigerians to link their Subscriber Identification Modules to National Identity Numbers. “To ensure full compliance with the NIN-SIM linkage policy, the NCC has directed all Mobile ...

Shipping agencies under the aegis of Shipping Agencies, Clearing, and Forwarding Employers Association have approved N200,000 minimum wage for their various employees. The signing ceremony between SACFEA and the Maritime Workers Union of Nigeria was organised by the Nigerian Shippers’ ...