LCCI urges CBN to halt interest rate hikes, cites inflationary concerns The Lagos Chamber of Commerce and Industry has urged the Central Bank of Nigeria to suspend interest rate hikes as a measure to alleviate supply-side pressures contributing to rising inflation. In a statement released on Monday, the Director-General of[Read More…]
Dangote Petroleum Refinery begins operation in October Dangote Petroleum Refinery will receive its first cargo of crude next month, the Nation report. Nation Newspapers in an exclusive interview with S & P Global Platts, Executive Director of the Dangote Group, Devakumar Edwin, said the refinery would be launched in phases,[Read More…]
Dangote restates commitment to job creation Dangote Industries Limited has restated its dedication to creating employment opportunities for Nigerians. In a statement, the group declared its continuous investments in critical sectors of the economy to create employment and promote decent jobs were irrevocable. Speaking at the induction of a new[Read More…]
5G subscription hits 500,000 – NCC The Executive Chairman of, the Nigerian Communications Commission, Prof. Umar Danbatta, has said Nigeria’s Fifth Generation network subscription hit half a million. He said broadband penetration also rose to 47.01 percent as of July 2023. In a statement, while speaking in Kano, he[Read More…]
Ecobank Introduces “EPAC Studios” To Promote Africa’s Creative Industry … Calls For Collaboration And Partnership Ecobank Nigeria has opened a creative studio for the promotion of talents and creativity across the African continent. Known as EPAC Studios, it is a carefully crafted space for telling authentic African stories in[Read More…]
Meet CBN’s newly appointed deputy governors President Bola Tinubu on Friday approved the nomination of four new Deputy Governors of the Central Bank of Nigeria pending confirmation by the Senate for a term of five years at the first instance. They are expected, when confirmed, to work with the newly[Read More…]
FCMB’s SheVentures launches interest-free loans for female exporters First City Monument Bank (FCMB) has launched the SheVentures Export Readiness Programme to support women-owned businesses in Nigeria looking to expand into global markets. The programme will give participants access to insightful knowledge, focused advisory, and zero-interest loans to fund their export[Read More…]
Climate Change: Dangote steps up efforts to mitigate Green House Gas emission The pan-African Conglomerate, Dangote Group has deployed cutting-edge technology and other measures to mitigate emission of Green House Gas (GHG), and its impacts, in all its subsidiaries. The Group, as part of its contribution to the campaign for[Read More…]
FG moves NIMC to Ministry of Interior as issued NINs hit 102.4m There are indications that the Federal Government has moved the National Identity Management Commission (NIMC) from the Ministry of Communications, Innovation and Digital Economy to the Ministry of Interior, Guardian report. Sources within the NIMC, who confirmed[Read More…]
Fidelity bank Plc completes 100% acquisition of Union bank UK Fidelity Bank Plc has announced the completion of the acquisition of a 100 per cent stake in Union Bank Plc UK. In a statement to the investing community through the Nigerian Exchange Limited (NGX) on Wednesday, the bank noted[Read More…]
