Business

Mele Kyari, GCEO, NNPC Ltd, NNPC Logo The Nigerian National Petroleum Company Ltd (NNPC Ltd) on Sunday insisted that the country consumes 68 million litres of petrol daily, stressing that it is ready for a forensic audit of its  supply and the amount it spends subsidizing the product for the federation. …

The Federal Ministry of Youth and Sports Development has signed on as a development partner of the Alliance for Youth Nigeria. This was announced at the signing ceremony to mark the formal endorsement of the ministry and its membership of the Alliance. The Alliance for Youth Nigeria was launched in …

Business conditions in Nigeria’s private sector improved modestly midway through the third quarter, but the rate of growth slowed from that seen in July. Softer upticks were recorded in output, new orders and purchasing activity while employment rose at a quicker pace. At the same time, overall input price inflation …

In the hierarchy of human needs, food is high on the scale of priorities. The business of food is therefore, a very important sector of the economy, with many providers serving those with limited disposable income. It goes without saying that affordability is a major decision factor for consumers. The …

Risevest, Nigeria-based dollar investment fintech, has recommended that its founder and Chief Executive Officer, step down from his role due to an ongoing investigation into allegations of sexual and non-sexual impropriety. A statement from the company said the allegations range from abuse of power to sexual impropriety. The statement read, …

Ude DataPro, the tech-driven credit rating agency, has affirmed NOVA Merchant Bank Limited’s Long-Term rating of A+ and short-Term ratings of A1 with Stable Outlook. The rating agency explained that the bank was rated as a result of its good financial strength, operating performance and business profile when compared to …

UBA, MFS Africa Africa’s Global Bank, the United Bank for Africa (UBA) Plc and MFS Africa, Africa’s largest digital payments hub, have announced a partnership that will see both institutions offer innovative and timely solutions to a wide range of customers, especially in the area of Remittances, Electronic Money Services, …

#image_title A fresh crisis is currently brewing in the the National Insurance Commission, NAICOM, over the acquisition of an uncompleted new office complex in Abuja. It was gathered that the management of the commission led by Thomas Olorundare Sunday, the Commissioner For Insurance/CEO, may have deceived President Muhammadu Buhari and …

Nneka Onyeali-Ikpe, Fidelity Bank CEO Fidelity Bank Plc has said it entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company secretary. According to …

…To employ 30,000 youths in Nasarawa   Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000 youths. President of Dangote Group, Aliko Dangote explained recently in a chat …