Nigerians hope dashed as Dangote refinery shelve immediate production of PMS
The much awaited news of the commencement of Dangote refinery for the production of petro chemical products would have been a succor to Nigerians considering the…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
JUST-IN: Tinubu Forms 6-Member Presidential Committee on Social Investment Initiatives
• Names finance minister as chairman Following the six-week suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA) by President Bola Tinubu…
Disquiet in CBN as new management plans relocation of major departments to Lagos
There is growing disquiet within the Central Bank of Nigeria (CBN) following revelations of plans by the new management to relocate major departments from the Abuja…
BREAKING: Dangote Refinery Reportedly Begins Production
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday.…
Mike Adenuga Reclaims the Title of Nigeria’s Second-Wealthiest Individual
Telecom billionaire Mike Adenuga has regained the position of Nigeria’s second-richest person with a net worth of $7.4 billion, surpassing Abdul Samad Rabiu, who is now…
CBN Dissolves Board Of Union Bank, Polaris, Two Others
The Central Bank of Nigeria has dissolved the board and management of four banks in a move that is seen as the implementation of the report…
JUST IN: Zenith, Providus, Jaiz Bank CEOs in EFCC Custody over Involvement in Betta Edu’s Alleged Fraud
The Chief Executive Officers (CEOs) of Zenith, Providus, and Jaiz banks have been apprehended by the Economic and Financial Crimes Commission (EFCC) amid a sweeping investigation…
We are not owing MTN interconnect charges – Globacom hits back at NCC
Nigerian telecommunications giant Globacom (GLO) has slammed reports accusing them of owing interconnect charges to rival MTN, calling the claims “entirely false” and a result of…
Court awards Emefiele N100m damages
Justice Olukayode Adeniyi of the FCT High Court on Monday awarded N100 million in damages to the suspended former governor of the Central Bank of Nigeria,…
Glo subscribers to be barred from calling MTN lines — NCC
Globacom subscribers will not be able to make calls to MTN lines soon due to the non-settlement of interconnect charges. The Nigerian Communications Commission disclosed this on Monday…