AMCON to sell Ibadan DisCo Assets Management Corporation of Nigeria (AMCON) says it plans to sell the loss making Ibadan Electricity Distribution Company (IBEDC) to more efficient investors capable of turning the entity around. AMCON Managing Director/Chief Executive Officer, Gbenga Alade, disclosed this at an interactive session with[Read More…]
Nigeria’s GDP rises by 3.1%, NBS Nigeria’s Gross Domestic Product (GDP) grew by 3.1 % for the second quarter of 2024, National Bureau of Statistics (NBS) disclosed this in its report on Monday. In its Q2 2024 report, the Bureau said Nigeria’s GDP rose year-on-year in real terms[Read More…]
Dangote Refinery to commence petrol production in September Dangote’s 650, 000 barrels per day refinery located in the Lekki area of Lagos State will finally begin the production of premium motor spirit (pms) by next month. The Dangote refinery which is the World’s largest single-train facility of its type, has[Read More…]
Tinubu Appoints Mohammed, Ajayi New DGs for NIA, DSS President Bola Tinubu has appointed new Directors-General for the National Intelligence Agency (NIA) and the Department of State Services (DSS). Special Adviser to the President on Media and Publicity, Ajuri Ngelale, announced this in a statement on Monday. He said, Tinubu[Read More…]
The federal government has authorized the termination of employees in both the public and private sectors who possess counterfeit degree certificates acquired from the Republics of Benin and Togo. During a press conference held in Abuja on Friday to mark his first anniversary in office, Minister of Education Tahir[Read More…]
NIA Boss, Ahmed Abubakar, Resigns Director-General of the National Intelligence Agency (NIA), Ahmed Abubakar, has tendered his resignation to president Bola Tinubu. Abubakar was appointed in 2018 by former President Muhammadu Buhari. He was reappointed in December 2021.
1,500 Osun Residents Benefit from Fidelity Food Bank Outreach Over 1,500 residents made up of women, children, widows, and the elderly have benefited from the one-day feeding program organized by Fidelity Bank in Osun State. The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun[Read More…]
Stock Exchange rates Fidelity Bank highest on corporate governance Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices. Fidelity Bank is awarded CG+, the highest rank under the Corporate Governance Rating[Read More…]
FG increases fees for Nigerian Passport The federal government has announced an increase in the cost of obtaining the Nigerian Passport effective from September 1, 2024. The Nigeria Immigration Service‘s spokesman, Kenneth Udo, revealed this in a statement posted on the NIS’s X handle on Wednesday. According to the statement,[Read More…]
Chinese investors put Nigeria’s guest houses in UK for sale at $2.2m The contract dispute between Nigeria and Chinese investment group, Zhongshang Fucheng Industrial Investment Ltd, seems to have taken a new turn. The Chinese firm accused Ogun State Government of violating a 2001 trade treaty between Nigeria and[Read More…]
