By Ayomide Otitoju The Central Bank of Nigeria (CBN) has introduced new restrictions on Point of Sale (POS) transactions, capping daily cash-out limits at N1.2 million for agents and N100,000 for individual customers. The new directive, outlined in a circular signed by Musa Jimoh, Director of the Payments System Policy Department, was addressed to deposit…
By Ayomide Otitoju Ghana’s leading oil and gas marketing company, GOIL PLC, has announced plans to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacity within the next year, backed by a $50 million investment aimed at strengthening the country’s energy security and meeting growing domestic demand. Speaking during a panel…
By Ayomide Otitoju The landmark 45th edition of GITEX GLOBAL is set to convene the world’s most advanced artificial intelligence (AI) and technology enterprises from 13–17 October 2025 at the Dubai World Trade Centre, while its co-located startup showcase, Expand North Star, celebrates its 10th anniversary from 12–15 October at Dubai Harbour. As AI capabilities…
By Ayomide Otitoju The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has condemned Senator Adams Oshiomhole, describing him as an “enemy of Nigerian workers” following his recent criticism of the oil workers’ strike over the alleged dismissal of 800 engineers at Dangote Refinery. In a joint statement issued on Monday by its National…
By Ayomide Otitoju Verdant Zeal Group Limited, a leading marketing communications conglomerate, has announced the 13th edition of its flagship Innovention Series, themed “Fintech & Inclusion: Pushing the Boundaries for Economic Growth in Nigeria.” Scheduled to hold virtually on Tuesday, October 28, 2025, the event will bring together thought leaders and industry experts to explore…
By Ayomide Otitoju The Federal Government has criticised the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for what it described as an attempt to hold the nation to ransom over a minor labour dispute involving the $20 billion Dangote Petroleum Refinery. Vice President Kashim Shettima issued the rebuke on Monday while declaring…
By Ayomide Otitoju Fidelity Bank Plc, a leading Tier-One financial institution, has commenced the disbursement of the Federal Government’s MSME Intervention Fund, administered by the Bank of Industry (BOI), with a strategic focus on empowering women-led enterprises across Nigeria. The initiative, designed to provide accessible financing for micro, small, and medium enterprises (MSMEs) in all…
By Ayomide Otitoju Woodside Energy has been awarded the International Local Content Champion of the Year at African Energy Week 2025: Invest in African Energies, in recognition of its ongoing commitment to building local capacity, facilitating skills transfer, and empowering communities across Africa. The accolade underscores the company’s efforts to ensure local people and enterprises…
By Ayomide Otitoju The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a US$90 million syndicated facility in support of the Republic of Djibouti, with the Société Internationale des Hydrocarbures de Djibouti (SIHD) as the executing agency. The agreement was signed by Mr. Nazeem Noordali, Chief…
