Business

Hit FM, the leading radio station in Cross Rivers state, and organizers of Calabar Entertainment Conference (CEC) has announced First Bank of Nigeria Limited as official bank partners for the flagship youth engagement program in the Creative Sector.   CEC has held every year since 2017, and now in its 9th year, executive producer and […]

The United Bank of Africa (UBA) has cleared the air over the safety of its staff members and customers during a fire that broke out in a building that houses one of its branches on Tuesday.   Panic gripped Broad Street, Lagos Island, when smoke from a basement fire scare forced the evacuation of trapped […]

 Dangote Refinery’s newly acquired Compressed Natural Gas (CNG) trucks, on Monday, began loading petroleum products at the facility for direct supply to filling stations nationwide.   Our correspondent at the launch of the first batch of the trucks reported that the trucks have begun taking turns at the gantry to load products.   The Refinery […]

    The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has countered claims by the Dangote Refinery that it alone was capable of supplying petroleum products sufficient to keep the country wet.   A spokesman for the Refinery, Anthony Chiejina, said Tuesday that the country would not see a petrol shortage despite an […]

 Lagos, 3 September 2025 – FirstBank, the leading financial institution and provider of financial inclusion services in West Africa, has officially launched its FirstMonie Merchant Solution. This innovative platform is designed to enable merchants and businesses across Nigeria to seamlessly accept digital payments with efficiency and ease.   The FirstMonie Merchant Solution responds to the […]

The Central Bank of Nigeria has directed that all Point of Sale (PoS) terminals in the country be geo-tagged within 60 days.   In a statement dated August 26, 2025, obtained by our correspondent, CBN said the move is part of measures to curb fraud and strengthen oversight of digital payments. It is also part […]

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bashir Ojulari, has said that specialised international and continental gangs take advantage of security gaps to steal the crude across Africa.   Ojulari stated this at the opening of the Africa Chief of Defence Staff Conference held in Abuja, Nigeria’s capital city, […]

Aliko Dangote built his empire on cement and sugar, but his grandest gamble is oil. Rising from the swampy flats of Lekki, just outside Lagos, the $20bn Dangote Refinery was hailed as a turning point for Nigeria and Africa: the moment the continent’s most populous nation would stop importing fuel and start refining its own […]

Refineries in India are buying Nigerian crude while the country’s Dangote Petroleum Refinery is largely running on American oil, The PUNCH reports.   In a twist that underscores the complexities of global oil trade, India’s state refiners are snapping up Nigerian crude oil while Africa’s largest refinery, located in Nigeria, is increasingly importing crude from […]

Importers have dropped petrol prices below the price offered by the Dangote Petroleum Refinery, sparking a new wave of competition. This comes amid a call by the President of the Dangote Group, Alhaji Aliko Dangote, for the Federal Government to ban fuel importation.   Findings by our correspondent showed that some filling stations now sell […]

Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies.   The case, filed at the Federal High Court Abuja, was formally withdrawn by the plaintiff’s legal team. According to a notice of discontinuance […]

Former Group Managing Director of FirstBank Nigeria, Dr Olabisi Onasanya, has said he is now vindicated after the Federal High Court in Lagos struck out the controversial loan-related case involving his name.   Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Wednesday, July 23, 2025 struck out the case after the anti-graft agency, […]