By Ayomide Otitoju Aliko Dangote, President and CEO of Dangote Group, has called on the Nigerian National Petroleum Company Limited (NNPCL) and fuel marketers to end fuel importation, stating that his refinery is poised to meet the country’s fuel demands and eliminate persistent fuel queues. Addressing State House reporters in Abuja on Tuesday, Dangote expressed…
By Ayomide Otitoju OPay, a prominent player in Nigeria’s fintech industry, has been awarded ‘Mobile Payment Solutions Provider of the Year’ at the 12th Annual Banks and Other Financial Institutions (BOFI) Awards, celebrating its commitment to innovation and secure digital payments. In a statement on Monday, OPay described the award as recognition of its focus…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has increased petrol pump prices to ₦1,025 per litre across its Lagos outlets, up from ₦998, marking a ₦28 rise within just three weeks. Channels Television reported the price hike on Tuesday, with visits to six NNPCL retail stations revealing that some outlets were out…
By Ayomide Otitoju Stanbic IBTC Pension Managers is set to make a significant impact at ART X Lagos 2024 as it sponsors West Africa’s premier international art fair for the ninth consecutive year, running from October 31 to November 3. As a subsidiary of Stanbic IBTC Holdings Plc and member of the Standard Bank Group,…
By Ayomide Otitoju Aliko Dangote, President and CEO of the Dangote Group, has voiced strong support for President Bola Tinubu’s initiative to shift Nigeria’s energy landscape from petroleum products to Compressed Natural Gas (CNG). Speaking at a recent event, Dangote noted that the company’s investments in CNG align with Nigeria’s Nationally Determined Contribution (NDC) under…
By Ayomide Otitoju United Bank for Africa (UBA) has awarded 110 customers with a total of N42.8 million in cash prizes as part of its ongoing Legacy Promo, commemorating the bank’s “75 Years, 75 Winners” celebration. The latest round of winners was announced at the October draw, held at the Ikeja City Mall in Lagos…
The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have formalized an agreement to increase local currency financing in Nigeria, aimed at boosting the growth of private businesses. In a statement on Monday, the CBN highlighted that this partnership will allow the IFC to mitigate…
By Ayomide Otitoju Ecobank Nigeria, part of the pan-African Ecobank Group, has partnered with Opolo Global to empower Lagos schools through training and educational support as part of its annual Ecobank Day. This year’s event, themed “Ignite Learning with AI,” emphasized enhancing literacy, numeracy, and digital skills through Artificial Intelligence (AI) and focused on foundational…
By Ayomide Otitoju The World Bank has flagged the Nigerian National Petroleum Company Limited (NNPCL) for inconsistent and opaque financial reports submitted to the Federal Account Allocation Committee (FAAC), highlighting concerns in its recent Accelerating Resource Mobilisation Reforms (ARMOR) report. According to the report, the NNPCL’s lack of transparency has complicated oversight, undermining the federal…
