Business

Oando filling station The Nigerian National Petroleum Company (NNPC) Limited says it has acquired all 380 Oando retail outlets, aviation and gas brands nationwide from OVH Energy. The downstream assets acquisition which were from OVHEM, operators of Oando filling stations, include reception jetty (ASPM) with 240,000MT monthly capacity and eight …

Leo Stan Ekeh Nigeria’s federal government has charged Leo Stan Ekeh, chairman of Zinox Group, his wife, Chioma and 11 other suspects to court over alleged N170.3 million contract fraud. On September 9, 2022, Human Rights lawyer, Femi Falana, filed a 17-count charge against the suspects in suit No. FCT/HC/CR/469/2022 …

LAGOS.29.09.22. In a massive collaborative initiative to support and promote interventions targetted to addressing hunger and malnutrition in communities, Agric lender, Unity Bank Plc and Lagos Food Bank have donated food items worth millions of Naira to Ogundimu Ilaje, a riverine community in the suburb of Lagos. A statement from the Bank adds that the intervention is part of …

Nigerian students Nigeria has emerged as the country with the highest number of students bringing their relatives to the United Kingdom, according to an analysis of the country’s Home Office. The report said 34,000 Nigerian students accounted for 31,898 dependants, followed by India whose 93,100 students accounted for 24,916. Libya …

The Central Bank of Nigeria (CBN) has begun the collection of project support loan facilities to some state governments for the execution of some projects under its intervention programmes. The credit facilities were given to some states to finance various projects across different sectors, including agriculture and manufacturing. “We’ve also …

In order to harness the global digital economy estimated at $11.5 trillion (which translates to about 16 percent of the global economy), the federal government has said Nigeria’s digital economy will contribute 15% of the country‘s total gross domestic product (GDP) by 2025. Stakeholders in the Information and Communication Technology …

In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use …

Titan Trust Bank Limited (TTB), one of the three newest entrants into the Nigerian banking industry, has announced a whopping 4 percent interest reward for customers who save up to $20,000 in their domiciliary accounts. According to the bank, every customer who is able to save up to the said …

In what has been termed a major move to bridge the gap in helping small businesses access much needed funding and capacity development initiatives, leading financial institution -Fidelity Bank Plc – has announced a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). At a Memorandum of Understanding …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has advocated effective collaboration among stakeholders and launching of innovative financing solutions as means of boosting the healthcare industry in Nigeria. Speaking during the panel session at the recently held Medic West Africa Conference, Jane Ike-Okoli, Head, Specialised Sectors, Stanbic IBTC …