Business

The Securities and Exchange Commission (SEC) has announced the suspension of Centurion Registrars Limited, along with its directors and sponsored individuals from the capital market.   The suspension was announced by the commission in a statement titled “Additional Enforcement Measures on Erring Capital Market Operators.”   The SEC stated, “All clients of Centurion Registrars are […]

The Central Bank of Nigeria (CBN) and  Office of the National Security Adviser (ONSA) have pledged to collaborate in the fight to curtail the commoditisation of Naira, which has seen POS operators and merchants sell the Naira for as high as 20 percent to people seeking cash.   The Agencies made the commitment at a […]

Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host its inaugural Business Series for the year to commemorate the International Women’s Day 2025.   With the theme, “Against All Odds: The Impact of Women,” this edition of the UBA business series will highlight the remarkable journeys of women who have broken […]

The management of Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦890 to N825 per litre, effective from 27th February 2025. The slash in price by ₦65.00 was announced in a statement on Wednesday by the refinery.   According to the statement, […]

The Dangote Petroleum Refinery has enough Premium Motor Spirit, otherwise known as petrol, in storage to sufficiently meet the local needs of Nigeria, according to the President of Dangote Industries Limited, Aliko Dangote.   Speaking at the weekend, Dangote disclosed that the oil refinery has “more than half a billion litres of petroleum and over […]

For decades, oil theft and pipeline vandalism have plagued Nigeria’s petroleum industry, siphoning billions of dollars from government coffers, crippling production, and causing environmental devastation in the Niger Delta. However, under the resolute and exemplary leadership of Mr. Gbenga Komolafe, chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country has recorded its […]

The Dangote Petroleum Refinery and Petrochemicals has dropped the cost of its diesel product to ₦1,020 per litre, down from ₦1,075 per litre at the gantry price.   In a statement, the $20bn company said the reduction was part of its effort to better serve its customers and Nigerians in general. “Since it began diesel […]

The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs.   This was contained in a circular dated February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s acting Director of Financial Policy and Regulation Department, John […]

The Dangote Refinery has slashed its ex-depot price for premium motor spirit (PMS), better known as petrol, from ₦950 per litre to ₦890.   In a statement, the company said the move is “effective from Saturday, 1st February 2025”. The Dangote Group Chief Branding and Communications Officer Anthony Chiejina said the reduction is based on […]

Lagos State has once again proven its mettle as the cultural and economic heartbeat of Nigeria, reaping an astounding $71.6 million in revenue during the 2024 Detty December festivities. This phenomenal achievement underscores the immense potential of leveraging tourism, arts, and culture to drive economic growth and global recognition. During this season of unparalleled vibrancy, […]

United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Monday, held its annual Garden Light-Up ceremony to kick-start the festive season.   The dazzling ceremony, held at the United Bank for Africa (UBA) head office in Lagos, brought together staff, customers, and well-wishers in a heart-warming display of joy, gratitude, […]