Nigeria News
Gov Uzodinma replies critics, gives reasons for frequenting Abuja
The Imo State Governor, Hope Uzodinma has revealed reasons behind his frequent visit to Abuja, saying it is in the best interest of the state. The Governor, made the disclosure during the first anniversary thanksgiving service of his second term in office at Maria Assumpta Cathedral, Owerri while responding to remarks by the Catholic Archbishop […]
We have remained calm in the face of NBA’s unprovoked attacks – Nigerian Law Society
The Nigerian Law Society, NLS, has said its members have been conducting themselves with ‘dignity and discipline’ in the face of unprovoked attacks by the leadership of the Nigerian Bar Association, NBA. NLS is an emerging professional association of lawyers which has been locked in a dispute with the Corporate Affairs Commission, CAC, over its […]
Politics
NNPP leadership secures injunction against rival faction
Justice M.A. Hassan of the Federal High Court, Federal Capital Territory (FCT) Division, has issued an interim injunction restraining the Boniface Aneibonam-led faction of the New Nigerian Peoples Party (NNPP) from conducting local, state, and zonal congresses, as well as state conventions, under the party’s name. The ruling followed an ex parte motion filed by […]
Business
Coca-Cola rewards consumers with N70m
Coca-Cola has unveiled its Coke Studio ‘Beat the Drop’ campaign, rewarding consumers with prizes worth N70m, including all-expenses-paid trips to South Africa. The campaign, launched in December 2024, has awarded four winners with South Africa trips and 20 participants with N1m each, according to a statement. Senior Director of Frontline Marketing at Coca-Cola Nigeria, Yusuf […]
US , Nigeria export-import banks sign MoU to strengthen trade
The Export-Import Bank of the United States (EXIM) has signed a memorandum of understanding (MOU) with the Nigerian Export-Import Bank (NEXIM) that will deepen collaboration and trade ties between the United States and Nigeria. The agreement was signed by Exim President and Chair, Reta Jo Lewis, on behalf of Export Import Bank of United states, […]
CBN Will Build On FX, Remittance Reforms – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the apex regulator was going to build on the traction it has made in terms of reforms in the foreign exchange market, remittance, diaspora engagement, and others in 2025. Cardoso said this on Thursday via a statement shared on his X handle, […]
CBN Unveils Two Digital Payment Initiatives
The Central Bank of Nigeria (CBN) has launched two digital initiatives as part of the ongoing “Digital First” transformation initiative launched by Governor Olayemi Cardoso in December 2023. They include the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution, both of which were unveiled at an event held on […]
AMCON Advances Towards Recovering N227bn Arik Air Debt
The Asset Management Corporation of Nigeria (AMCON) on Friday said it is taking bold steps towards the recovery of N227 billion debt from Arik Air. The Head of Corporate Communications in AMCON, Mr. Jude Nwauzor, stated this during a media chat in Lagos. He said AMCON’s plan to liquidate Arik Air is still on as […]
Middle East Cease Fire Dips Oil Prices
Global oil market has witnessed a dip in oil prices amidst mounting supply risk relating to U.S. sanctions on the Russian complex. Brent traded below $82 on market riskoffs sentiment as Israeli and Hamas ceasefire ignites hope. Oil prices traded weaker, with Brent falling back below US$82 per barrel. From a technical point of […]
$40Bn W/Bank Grant: Nigeria To Highlight Key Energy Demands At Africa Energy Summit
Nigeria has prepared key bankable energy projects to enable it take advantage of the $40 billion World Bank and African Development Bank (AfDB) power finance initiative. The World Bank Group and the African Development Bank Group are prepared to convene an Africa Energy Summit on January 27-28 to advance an ambitious plan to deliver electricity […]
Fidelity Bank Makes New Board Appointments To Bolster Performance
Fidelity Bank Plc has announced significant changes to its Board of Directors, effective January 14, 2025, in a strategic move to sustain its impressive performance. According to a regulatory filing on the corporate disclosure portal of NGX Regulation Limited, the Bank has received the Central Bank of Nigeria’s (CBN) approval to appoint Alhaji Abdullahi Sarki […]
Dangote refinery projects 650,000bpd June, plans crude import
•Facility now producing 500,000bpd as officials look beyond Nigeria to meet demand for product The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production at the $20bn Lekki-based facility. Officials at the plant said the facility has ramped up production […]
CBN Unveils Two Digital Payment Initiatives
The Central Bank of Nigeria (CBN) has launched two digital initiatives as part of the ongoing “Digital First” transformation initiative launched by Governor Olayemi Cardoso in December 2023. They include the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution, both of which were unveiled at an event held on […]
Energy/Oil&Gas
Retailers begin loading from P’Harcourt refinery this week – PETROAN
Barring any last-minute change in plans, marketers and retailers of petroleum products will start lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, disclosed this in an exclusive interview with our correspondent. According to Obele, since […]
Opinion
Benjamin Kalu’s Envy and the Abia Airport project
…Gov. Otti’s Leadership Overshadows his False claims. By Paul Alfred Nwangwa It is unfortunate, but not surprising, that the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu is once again seeking undue recognition for a monumental project that he had little or no hand in materializing—the proposed Abia Airport. His recent […]
