By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has uncovered 58 illegal refineries and 19 unauthorized pipeline connections in a sweeping operation across the Niger Delta. In a video documentary released Tuesday on its official YouTube channel, NNPC Ltd reported a total of 159 incidents of oil theft between January 18 and…
By Ayomide Otitoju The Board Chairman of Fidelity Bank Plc, Mustafa Chike-Obi, has been honored with the Lifetime Achievement Award at the THISDAY Awards, recognizing his outstanding leadership and contributions to banking and finance. The prestigious ceremony, held at Eko Hotels & Suites, Victoria Island, Lagos, brought together key figures from Nigeria’s public and private…
By Ayomide Otitoju Access Bank PLC, a subsidiary of Access Holdings PLC, has been named THISDAY Global Bank of the Year for 2024, recognizing its outstanding contributions to the global banking industry. Additionally, Aigboje Aig-Imoukhuede, Chairman of Access Holdings, was honored with the prestigious THISDAY Titan of the Year award for his exceptional impact on…
By Ayomide Otitoju Sterling Bank Limited has petitioned the Inspector-General of Police, Kayode Egbetokun, over alleged attempts by Miden Systems Limited and its director, Dr. Brendan Usoro, to use the National Assembly and the Police Force Criminal Investigation Department (CID) to harass the bank and its executives. In a statement made available to The PUNCH…
By Ayomide Otitoju Union Bank has announced the first set of winners in its ongoing Save & Win Palli Promo Season 4, rewarding 360 customers with cash prizes and gift vouchers. In a statement on Monday, the bank revealed that the inaugural live draw of the season took place at its head office in Marina,…
By Ayomide Otitoju The Nigerian Economic Summit Group (NESG) has appointed Wole Adeniyi, Mohamad Darwish, and Olusegun Alebiosu to its Board of Directors. The move underscores NESG’s commitment to enhancing leadership, fostering private sector collaboration, and driving economic transformation in Nigeria. Profiles of the New Board MembersWole Adeniyi – CEO, Stanbic IBTC Bank LtdAdeniyi, a…
Oil marketers have revealed that the landing cost of Premium Motor Spirit (PMS) dropped to ₦922.65 per litre on Friday, reflecting a ₦32.35 reduction compared to the ₦955 per litre charged at the Dangote Petroleum Refinery’s loading gantry. This development has spurred renewed interest among dealers in importing petrol, despite a recent industry push for…
By Ayomide Otitoju The Society of Energy Editors has called on the Ministry of Petroleum Resources, led by President Bola Tinubu, to address the uncertainty surrounding the tenure of Mallam Mele Kyari, Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC). Kyari recently turned 60, prompting speculation about his retirement in line with…
By Ayomide Otitoju Fidelity Bank Plc is capturing the spotlight on the Nigerian Exchange (NGX) as investors bet on the lender’s ability to sustain its earnings growth trajectory into 2025. The Tier-2 bank’s share price climbed steadily last week, reflecting heightened investor interest. By the close of trading on Friday, Fidelity Bank’s share price rose…
