Business

  Dangote Petroleum Refinery has dismissed recent allegations made by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), insisting that claims of anti-labour practices, monopolistic behaviour, and planned fuel price hikes are “entirely unfounded”. The union’s statement, released on 5 September, and subsequent media appearances, alleged that Dangote …

…Vows to transform Africa by making it self-sufficient in cement, clinker Shareholders of Dangote Cement Plc have received over N3.3 billion in dividends over the last 15 years. Aside from this impressive dividend payout, the shareholders have also significantly benefited from the capital appreciation of the cement stock. The benefits …

… As PTD Passes Vote of No Confidence on NUPENG Leaders The Association of Distributors and Transporters of Petroleum Products (ADITOP) has accused the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) of extortion and excessive levies collection within the downstream sector. This accusation came on the heels of …

  Tier-one lender Fidelity Bank Plc will host a high-profile panel session titled “Digital Railroads: Powering U.S.–Africa Commerce Through Fintech” at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta, USA.   The session, scheduled for Friday, 19 September 2025, will explore how fintech is reshaping cross-border …

Ecobank Nigeria has initiated a bondholder consent solicitation following a downgrade by S&P Global Ratings, which lowered the bank’s long-term issuer credit rating from ‘CCC’ to ‘CCC-’. The downgrade reflects heightened concerns over the bank’s capital adequacy position and its recent $150 million bond buyback offer on a $300 million …

  Wema Bank Plc (“the Bank”) announces the successful completion of its ₦150 billion Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission. This Rights Issue was undertaken …

  As part of its commitment to improving lives and supporting communities, leading financial institution, Fidelity Bank Plc, has distributed food items in Ilaje and Ese-Odo Local Government Areas of Ondo State. Speaking during the donation event which took place at Igbokoda, Headquarters of Ilaje Local Government Area, the Regional …

  Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, is currently being grilled by operatives of the Economic and Financial Crimes Commission (EFCC) in Abuja.   Kyari, who had been on the agency’s watchlist, arrived at the EFCC headquarters around 2:30 p.m. on …

  Provides Essential Food Items to 2,000 Residents Leading financial institution, Fidelity Bank Plc, has extended its flagship Corporate Social Responsibility (CSR) program, the Fidelity Food Bank Initiative, to Anambra State, providing essential food supplies to over 2,000 vulnerable residents in Awka, the state’s capital.   The two-day outreach, which …

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members at Cameron/Onesubsea Offshore Systems Nigeria Ltd to commence an indefinite strike starting at 12:00 am on Tuesday, September 9, 2025. The union cited the company’s refusal to engage in good-faith negotiations as the reason for …