Business

The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria following a meeting between the management of the refinery and executives of IPMAN. Last week Monday, it was reported that IPMAN had scheduled a meeting with the management of…

President Bola Tinubu has started the implementation of the report of the Special Investigator on Central Bank of Nigeria (CBN) and related entities, Jim Obazee with the dissolution of the board and management of Titan Trust Bank and three others. The others are Union Bank of Nigeria Plc, Polaris Bank,…

Barely a few days to the commencement of the 2024 fiscal year, hope appears rekindled in the revenue horizon as the price of Nigeria’s Bonny Light, rose to $81.11 per barrel, from $78 per barrel it closed last week, indicating an excess of $3.15 per barrel against the 2024 budget reference…

The Cement Producers Association of Nigeria has called on President Bola Tinibu to end the monopoly in cement production and distribution. It also called for the inclusion of companies with verifiable local investments in cement within the participation scope. The association made the requests in a letter addressed to the…

The Central Bank of Nigeria (CBN) on Friday approved three additional designated banks for the collection of the Nigeria Export Supervision Scheme (NESS) fees. In a circular signed by Dr. W.J. Kanya on behalf of the Director for Trade & Exchange Department, the Apex bank disclosed that Coronation Merchant Bank…

Nigeria has set a plan to help startups raise their total yearly funding rounds to $5bn by 2027. This was disclosed by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, on Monday in a document titled, ‘Accelerating our Collective Prosperity through Technical Efficiency: A Strategic Plan for…

No. 1: First, have a pretty good idea of what you’re getting into before you start. Running a company is not a 9-to-5 occupation. And much, if not most, of running a business has little to do with the quality of the product or service you sell. You have to work…

The Chairman of Heirs Holdings, Tony Elumelu said his remarkable journey towards becoming one of the country’s foremost entrepreneurs was driven by discipline, hard work, and sacrifices, rather than an affluent background. In a Facebook post on a Sunday, Elumelu shared his life experiences and the core principles that have…

The Central Bank of Nigeria (CBN), on Thursday, attributed the continuous fall of the Naira against dollars to present unofficial diaspora remittances. The acting governor of the apex bank, Folashodun Shonubi, stated this at the National Institute for Security Studies, Abuja where he delivered a Distinguished Personality lecture titled: “Diaspora…

Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers…