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Category: Business
ShopRite to cease operation in Kano from January 2024
Shoprite Mall has announced its intention to cease operation in its Kano branch, Northwest Nigeria from January 14, 2024. This was contained in a circular…
NNPCL not transparent on subsidy, dollar revenues – W’Bank
The Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal, the World Bank has disclosed. This extends to…
CBN says banks now responsible for loans recovery, suspends applications
The Central Bank of Nigeria, CBN, has suspended applications for new loans under its development finance intervention funds. Also, banks are now responsible for recovering…
Shell Eyes $6bn In Nigeria Offshore, Gas Investments
Oil giant Shell sees $6 billion in investment opportunities in Nigeria, especially in offshore, gas and liquefied natural gas (LNG) projects, the country’s presidency said…
Dangote plans local supply, receives one million barrels of crude
The management of Dangote Refinery has confirmed receiving the maiden one million barrels crude cargo. The Prime had earlier reported that the crude was discharged…
Dangote refinery to start production soon. Receives Crude Oil
The Dangote oil refinery in Nigeria on Friday received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping…
Dangote refinery gets first crude supply
The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources and tanker tracking data. The…
Banks to disconnect non-deposit financial institutions from transfer list
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment Outwards System. The…
NADDC urges institute to adopt technology
The Director General of the National Automotive Design and Development Council, Joseph Osanipin, has advised the Auto Sector Skills Council to incorporate advanced technology in…
Bolt suspends over 5,000 drivers
Bolt, a ride-hailing company, has disclosed that it has suspended more than 5,000 drivers in the last six months due to non-compliance and safety-related issues….