By Ayomide Otitoju The new 150,000 barrels per day Port Harcourt Refining Company (PHRC) complex is on track to begin operations by mid-2025, according to Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). Kyari made the announcement during a tour of the facility in Rivers State on Tuesday. He…
By Ayomide Otitoju Access Bank PLC, a flagship subsidiary of Access Holdings PLC, has finalized its acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. The milestone was announced on November 27, 2024, marking a significant expansion of Access Bank’s footprint in Africa. Speaking on the achievement, Roosevelt Ogbonna, Managing…
By Ayomide Otitoju The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has purchased 15 million shares of the bank in a transaction valued at N239.4 million. Details disclosed on the Nigerian Exchange Limited (NGX) on Monday revealed that the transaction occurred between November 21 and 22, 2024, at an average…
By Ayomide Otitoju Ecobank Nigeria, in partnership with industry stakeholders, is set to host the inaugural Design & Build Expo, showcasing 54 exhibitors from across the construction and design sectors. This was disclosed on Monday by Omoboye Odu, Head of SME, Partnerships, and Collaboration at Ecobank, during a media briefing held at the bank’s Lagos…
By Ayomide Otitoju Tehilah Isimah, a 16-year-old student from Everest Heights International Academy, Gwagwalada, Abuja, has emerged as the overall winner of the 14th edition of the National Essay Competition (NEC) organized by the UBA Foundation. Isimah clinched the top spot at the grand finale held on Tuesday at UBA House, Lagos. She was awarded…
By Ayomide Otitoju Airtel Nigeria has announced the appointment of Dinesh Balsingh as its new Managing Director and Chief Executive Officer, effective November 1, 2024. The announcement was made in a statement on Tuesday by Femi Adeniran, the company’s Director of Corporate Communications and CSR. Balsingh succeeds Carl Cruz, who stepped down at the end…
By Ayomide Otitoju The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over a ₦75 per litre price difference between petrol supplied by the recently revitalized Port Harcourt Refinery and the Dangote Refinery. Speaking during the reopening ceremony of the Port Harcourt Refinery on Tuesday, PETROAN Public Relations Officer Dr. Joseph…
By Ayomide Otitoju Pepsi is making waves with the release of the “Big Big Tinz” remix featuring Afrobeat sensation Young Jonn, marking a bold fusion of marketing and pop culture. This high-energy campaign heralds the return of the beloved Pepsi 60cl Long Throat Bottle, a fan favorite originally launched in 2015, now available in Lagos,…
By Ayomide Otitoju The Nigerian National Petroleum Corporation Limited (NNPCL) has called on Nigerians to focus on the milestone achieved with the revitalization of the Port Harcourt refinery while dismissing “malicious claims” that the facility is not producing refined petroleum products. In a statement issued on Tuesday by NNPCL spokesperson Olufemi Soneye, the company assured…
