Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen, as…
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has partnered with the Ekiti State Government through the Ministry of Wealth Creation and Employment to launch the Ekiti-Wema MSME Empowerment Programme for youth and businesses in Ekiti State. Launched on Monday, August 5th, 2024, the Ekiti-Wema MSME Empowerment Programme…
Amo Byng Nig Limited, a leading producer of poultry feed and concentrates, has commenced a strategic partnership with the Kwara State Government to bolster local soybean production, addressing the current shortage that is impacting poultry feed production across Nigeria. This collaboration was formally launched on July 16, 2024, and marks a significant step towards revitalizing…
GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Industries Funding Plc’s Series 1 NGN10.5Bn Tranche A and NGN177.1Bn Tranche…
Stanbic IBTC Holdings, a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria, has reaffirmed its commitment to supporting women by empowering and nurturing their growth. During the inaugural Bloom Weekend event held recently at Landmark Event Centre, Victoria Island, Lagos, the company demonstrated its dedication to supporting women-owned enterprises by…
The Central Bank of Nigeria has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc. This was made known in a Joint Press Statement signed and released by management of both banks. The statement reads; “We are pleased to announce that the Central Bank of Nigeria has approved the framework…
Dangote has continued to attract huge forex into the country through his pan- African operations as the half year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding period of 2023. The cement plant also reported…
In a groundbreaking move to enhance food security and economic development, the Federal Executive Council has approved the Greener Hope National Agricultural Mechanisation Programme (GHAPP). Spearheaded by Origin Tech Group in collaboration with the Ministry of Agriculture and Food Security, GHAPP aims to revolutionize Nigeria’s agricultural sector, boosting productivity and creating sustainable growth. The GHAPP…
In recognition of her contributions and leadership in the financial services industry, Amaka Okeke-Lawal, the Executive Director of Optiva Capital Partners, has been honoured with the prestigious title of “Ambassador at Large” by the African Union Agenda 2063 Ambassadorial Assembly. Amaka Okeke-Lawal has been at the forefront of innovative strategies in investment advisory, investment immigration,…
The Oyo State Universal Basic Education Board, Oyo SUBEB, has released results of its just concluded computer-based tests (CBT Results) for the ongoing recruitment of 7,000 primary school teachers. This disclosure was made in a release by the Executive Chairman of the Board, Nureni Adeniran, and made available on Wednesday. According Dr Nureni Aderemi Adeniran,…