Oil firms owe banks N5.93tn amid losses, theft
Tuesday August 23,2022 The combined bank borrowing to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N5.93tn as of June 2022,
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Nigerian govt concludes takeover of four DisCos
Monday, August 22,2022 Nigeria’s federal government has completed the takeover of four electricity distribution companies (DisCos) and constituted the board of the Nigeria Electricity Liability Management Company. Yemi Osibanjo, the
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Three SMEs win N9m grant in Keystone Bank ‘Start-ups Advantage Programme
August 19,2022 In furtherance of its commitment to tackle unemployment and encourage entrepreneurs in Nigeria, Keystone Bank Limited has empowered three Nigerian innovative start-ups with N9 million grants. A statement
Read MoreFG bars Flutterwave, Paystack, others from providing support for online loan firms
August 19,2022 The Federal Competition and Consumers Protection Commission (FCCPC), has barred payment platforms such as Flutterwave, Opay, Paystack, Monify, as well as telecom companies, including Mobile Network Operators, MNOs,
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FBNH appoints new Executive Directors
Friday, August 19,2022 FirsBank of Nigeria Holdings (FBNH), has notified the Nigerian Exchange and the investing public of the appointment of Samson Oyewale Ariyibi and Patrick Iyamabo as Executive Directors of
Read MoreWema Bank driving growth via digital channels – MD
Friday, August 19,2002 The Managing Director/Chief Executive Officer, Wema Bank Plc, Mr Ademola Adebise, has said the bank is driving growth and meeting its customers’ needs through its digital channels.
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AGAIN! Shell confirms 5 barrels of oil spill in Ogoni community
August 17,2022 AGAIN! Shell confirms 5 barrels of oil spill in Ogoni community The Shell Petroleum Development Company has discharged five barrels of crude oil from its Trans Niger Pipeline
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Naira slides further against dollar as FX scarcity persists
Wednesday, August 17,2022 The Nigerian currency, Naira, continued its poor performance against the United States dollar as forex scarcity piled more pressure on the official foreign exchange market Tuesday. Data
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Fuel subsidy hits N1.593tn, refinery rehabilitation gulps N54.66bn
Tuesday August 16,2022 Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, seen in Abuja on Monday showed that the government subsidised the commodity with
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Cooking gas price jumps 105% in 12 months
Tuesday, August 16,2022 The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months, findings by The
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