Business

The Shell Petroleum Development Company (SPDC) is facing fresh probe over non-compliance with the Petroleum Act and violation of Joint Venture Agreement entered with the Federal Government. The Senate at plenary on Wednesday mandated an Ad Hoc committee to investigate the Oil Mining Lease granted to SPDC between 1959 to 1989, …

NNPC Tower The Nigerian National Petroleum Company Limited has said it would use the vast gas resources across the country as a transition fuel going by the recent global push for energy transition away from hydrocarbons. In his speech at the 1st National Extractives Dialogue organised by the Nigeria Extractive …

A magistrate court sitting in Surulere, Lagos has ordered Polaris Bank to refund $30,769 illegally deducted from the domiciliary and Naira accounts of three of its customers. The order followed an originating application filed by Adebomi Orogun, Kehinde Banjo and Oluwatoyin Ode against the bank for unjustifiable freezing of their …

Fuel station The Independent Petroleum Marketers Association of Nigeria (IPMAN) has insisted that it will not sell petrol above N165 per litre. Mr. Chinedu Okoronkwo, IPMAN national president disclosed this on Wednesday in Abuja, after its Lagos branch insisted it will sell above the N180 price. IPMAN was also joined …

Orji Nigeria Extractive Industries and Transparency Initiative (NEITI), has said the removal of fuel subsidy will free Nigeria from economic bondage and also be of advantage to the poor majority. Dr Ogbonnaya Orji, NEITI executive secretary, stated this at the stakeholders’ National Extractive Dialogue (NED) 2022 on Tuesday in Abuja. …

…Dangote also trains block makers in Kano, Katsina to prevent building collapse Leading Cement manufacturer, Dangote Cement Plc, on Wednesday launched the Dangote Articulated Truck Driving School in a move aimed at inculcating safe driving culture in its drivers so as to stem the tide of road crashes. The opening of …

As part of efforts to continually advance women entrepreneurs in Nigeria, Stanbic IBTC Holdings PLC, a member of Standard Bank Group has called on women to engage in wealth building investments for the collective progress of their finances and businesses. This was disclosed at the Women in Management, Business and Public …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings recently held the May draws of its ongoing Reward4Saving Season 2 promo at the Stanbic IBTC Head office on Walter Carrington Crescent in Victoria Island Lagos. The second edition of the Reward4Saving promo themed “Bigger and Better”, encourages Nigerians to imbibe …

Sterling Bank CEO, Abubakar Suleiman Abubakar Suleiman, managing director of Sterling Bank and three other executive directors at the financial institution, Raheem Owodeyi, Tunde Adeola and Yemi Odubiyi engaged in share dealings last week. The four top executives traded about N42.36 million worth of shares, on the heels of the …

In furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank presents the ELOY Foundation Business Shower, created to support female entrepreneurs on their journey to building sustainable businesses. The support from FirstBank will be carried out through the FirstGem loan …