Alleged fraud: Court freezes ex-NNPCL boss Mele Kyari’s N661m in four bank accounts
A Federal High Court in Abuja has ordered a temporary freezing of four Jaiz Bank accounts linked to the former Group Managing Director (GMD) of Nigerian…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Dangote Group Pledges Full Support, Compensation for BBNaija Star Phyna’s Sister Injured in Truck Accident
The Dangote Group Plc has pledged full medical support and compensation for Mrs. Ruth Otabor, sister of Big Brother Naija Season 7 winner, Ijeoma “Phyna” Otabor,…
Tatum Bank Unveils New Digital Platforms to Revolutionize Customer Experience
Tatum Bank has launched a suite of cutting-edge digital platforms aimed at transforming the banking experience for individuals and businesses. The newly unveiled platforms include the…
BREAKING: NNPC GCEO Bayo Ojulari Returns to Office Amid Resignation Rumour
Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC) Ltd, Bayo Ojulari, has resumed work. Mr Ojulari reported to the office at about 9:35…
Firm to Build $15bn Refinery in Ondo, Nigeria’s Second Largest After Dangote
Backbone Infrastructure will build a $15 billion refinery in Nigeria’s Ondo State, with a capacity of 500,000 barrels per day. This facility will be the country’s…
NOGASA Raise Alarm Over Dangote’s Refinery Direct Distribution Plan
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has raised concerns over the Dangote Petroleum Refinery’s plan to distribute refined products directly to end-users,…
CAC To Delist 100,000 Dormant Companies, Gives 90-Day Ultimatum
The Corporate Affairs Commission (CAC) has announced plans to delist 100,000 companies from its register over prolonged inactivity and failure to comply with statutory requirements under…
Dangote Refinery Withdraws Lawsuit Against NMDPRA, NNPCL, and Others
Dangote Petroleum Refinery and Petrochemicals has withdrawn its legal action against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited…
CBN Retains Interest Rate at 27.5%
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5 percent, following the conclusion of its 301st Monetary Policy Committee (MPC)…
Dangote Pens Open Letter To President Bola Tinubu
Africa’s richest man and President of Dangote Group, Aliko Dangote, has praised President Bola Ahmed Tinubu for his developmental reforms in Lagos State and across Nigeria.…