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Business
635 stories
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CBN revokes Heritage Bank’s license
In a move to uphold Nigeria’s financial integrity, the Central Bank of Nigeria (CBN) has taken decisive action by revoking the license of Heritage Bank Plc under the…
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Kaduna Refinery can not refine Nigeria crude oil – Minister
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that the Kaduna Refinery was not calibrated to process Nigeria’s crude oil. Lokpobiri made the shocking revelation…
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FG gets $500m World Bank loan for power distribution
The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises announced on Thursday. The BPE announced that…
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Crayfish, garri prices soar as hardship bites harder in Akwa Ibom
The price of crayfish, a condiment used for soup making, has ballooned by over 100 per cent in Uyo, Akwa Ibom State, as hardship bites harder, PremiumTimes reports.…
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Akwa Ibom: Fishermen seek Gov Eno’s intervention as army seals filling stations in Ibaka
Fishermen under the aegis of Watch Out Multi-purpose Co-operative Association of Nigeria, Ibaka, Mbo Local Government Area of Akwa Ibom State, have urged Governor Umo Eno to intervene…
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Dangote refinery increases diesel prices amid Naira depreciation
In response to the continuous depreciation of the Nigerian naira against the US dollar, the Dangote Petroleum Refinery has raised the price of diesel from ₦940 per litre…
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Port Harcourt refinery begins operation July
The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was disclosed on Monday by the National Public Relations…
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UBA will meet N500bn capital base before deadline – CFO
The Executive Director of Finance and Risk Management for United Bank for Africa, Ugochukwu Nwaghodoh, has said that the banking group would meet the new capital requirement before…
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Wema Bank unveils digital solution for cooperative societies
Wema Bank has officially launched CoopHub, a new digital solution for cooperative societies. The groundbreaking platform was unveiled at the launch ceremony held at the weekend to commemorate…
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PoS agents frown at CAC’s registration mandate, says customers will pay more
Some Point of Sale (PoS) agents in the FCT, have frowned at the new directive of the Corporate Affairs Commission (CAC) for them to register with the commission.…

