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Philip Mshelbila, the incoming managing director of the Nigeria Liquefied Natural Gas (NLNG) Ltd, will meet with a big controversy when he assumes duty month-end: in-house disquiet over the lifting concession given to IOC shareholders. Under “equity lifting” in the project, the joint venture partners — Shell, Total and Eni …

Road Transport owners across Nigeria have expressed optimism that the 650,000 barrels-per-day Dangote Petroleum Refinery would deepen the downstream sector and positively impact their businesses. The transporters, under the aegis of Nigerian Association of Road Transport Owners (NARTO) after a guided tour of the refinery Plant in Ibeju-Lekki area of …

First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider has again reinforced its commitment to Youth Empowerment and Entrepreneurship through its sponsorship of the docuseries ‘’First Class Material’’ from the stables of Linda Ikeji TV Arguably Nigeria’s most valuable bank brand, FirstBank continues to pride itself as …

Titan Trust Bank Limited on Thursday, announced the opening of its state-of-the-art branch located at 17, Burma Road, Apapa, Lagos for commercial operations. A statement by the lender said the development is in furtherance of its efforts to offer customers endearing experience. The lender further noted that the new branch …

Feeding off the growing online shopping trend offered by e-commerce, logistics services are now an integral part of everyday life in major cities across Nigeria. Delivery vans and bikes hit the roads, picking orders, delivering items, keeping businesses running and customers happy at different locations of the country.   But …

The management of Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has debunked a story by an online platform alleging N150 billion missing funds in the agency, describing it as “a ridiculous invention”. In a statement on Friday, NIRSAL, wonders how a whopping N150 billion could be missing …

The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has sought greater collaboration with financial institutions in the country as a way of tackling fraudulent election financing, foreign exchange malpractices and money laundering. Speaking on Thursday, during an interactive session with managing directors of banks in Nigeria …

In determination to help solve some of the challenges in the education sector, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, recently instituted a scholarship scheme. The scholarship scheme was targeted at successful candidates in the University Tertiary Matriculation Examinations (UTME) conducted by the Joint Admissions and Matriculation …

As the world is evolving digitally, Nigerian banks are currently looking for ways to make the banking experience better and FirstBank is not an exception to this aggressive drive. The efforts in this regard include building and constantly improving on its product offerings like the FirstMobile, its industry-leading mobile banking …

Abubakar Suleiman, Managing Director, Sterling Bank Plc The Abubakar Suleiman-led Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal. The fraud is said to have rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in court. The case which is …