Daily Record

CNPP and its failed evil campaign against NNPCL, Kyari

By Ezra Akinmade The incessant vituperations and campaign of calumny by a faction of the defunct Conference of Nigeria Political Party (CNPP) and its promoters against the Nigeria National Petroleum Company (NNPC) Limited and its group chief executive officer, Mele Kyari, is another show of shame by forces of darkness …

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Lagos Blue Line Increases Trips To 72 Per Day

The Lagos Rail Mass Transit (LRMT) Blue Line has increased the number of trips on the line from 54 to 72 per day from Monday 12 August. Ms. Abimbola Akinajo, the managing director of Lagos Metropolitan Area Transport Authority (LAMATA), said this in a statement made available to the News …

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Abbey Mortgage Bank Relaunches AbbeyMobile 2.0 To Boost Customer Experience

Abbey Mortgage Bank, a renowned financial institution celebrated for its dedication to excellence and customer satisfaction, has revamped its mobile app with innovative digital solutions to enhance customers’ mobile banking experience. The Abbey mobile app known as ‘AbbeyMobile 2,0’ comes with new exciting features, enhanced security, and a user-friendly interface designed to meet …

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Enforce the PIA act on crude supply, Dangote urges NUPRC

Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather …

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Union Bank’s Ratings Downgraded By Fitch Over Capital Breach

Fitch Ratings has downgraded Union Bank of Nigeria Plc (UBN) Long-Term Issuer Default Ratings (IDR) to ‘CCC’ from ‘B-‘ and its National Long-Term Rating to ‘B+(nga)’ from ‘BBB(nga). Union Bank of Nigeria’s viability rating (VR) has also been downgraded to ‘ccc’ from ‘b-‘, according to Fitch. The downgrades reflect the Fitch-estimated prolonged …

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Investors Scramble for Fidelity Bank’s Offers

Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock market. …

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