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Category: Business
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….
Cash shortage hits banks, customers rush for BVN/NIN revalidation
Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts. This…
FG plans to revoke unused oil licences
The Nigerian Upstream Petroleum and Regulatory Commission has said the Federal Government is planning to revoke unused oil exploration leases that companies were granted but…
Subsidy: FG to disburse grants to SMEs
The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy…
BREAKING: CBN freezes accounts without BVN, NIN April 2024
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective…
CBN reforms, opportunities for investment bankers’
The immediate past President of the Association of Issuing Houses of Nigeria, Ike Chioke, says the ongoing currency reforms of the Central Bank of Nigeria…