Business

The Management of Dangote Petroleum Refinery has insisted that it is not yet getting enough crude required for the effective optimization of its refinery from the Nigerian National Petroleum Corporation Limited (NNP). The Refinery Management, in a release signed by, Group Chief, Branding and Communications Officer, Anthony Chiejina revealed that, “we …

Globacom, Nigeria’s  telecommunications network of choice, has launched exciting and all-in-one social media and entertainment data bundles called ‘My-G’. My-G, represents the colloquial expression of the intimacy people have with their close friends and pals. The new data plan from Glo with the same name demonstrates how users can warm …

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 …

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. …

E-commerce platform, Jumia Technologies AG, has reported a reduction of its operating loss by eight per cent year-over-year to $20.2m despite economic challenges. In a statement, Jumia explained the impact of the volatile economic landscape on its operations, including a decline in revenue and a slight decrease in gross merchandise …

  Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced a strategic partnership with the Young Lawyers Forum (YLF) of the Nigerian Bar Association (NBA) with the aim to propel the professional development of over 50,000 young legal practitioners across Nigeria, by way of academic sponsorships as well …

Digital services and telecommunications company, Globacom, has unveiled M-Agric, an agricultural support service that guides users through practical, step-by-step processes of managing successful farming businesses across Livestock, Aquaculture, Cash Crops and Value-Additions. In a statement in Lagos, Globacom said it partnered with the Lagos State Ministry of Agriculture on the …

…It is a big plus to Nigeria’s economy   The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil …

Zenith Bank Plc is offering its ongoing hybrid rights and public offers at the bank’s lowest price range, locking in about 32 per cent gain in potential immediate return for existing shareholders and new investors. Nigeria’s largest bank by profit, Zenith Bank is offering a rights issue of 5.233 billion …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has announced the eagerly awaited third season of the FUZE Talent Show with the theme, ‘Light it Up.’ Building on the success of the second season, FUZE Talent Show 3.0 is bigger and better with a jaw-dropping N50 million prize money. …