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Motorists and others waited for hours in queues at the few filling stations dispensing the product. Other states that experienced acute scarcity are Oyo, Osun, Ondo, Edo, Anambra, Enugu, Abia, Benue, Plateau, Kaduna, Katsina, Niger and Jigawa. The scarcity first hit the Federal Capital Territory (FCT) last week. But an …

Numerous bank customers in Nigeria have expressed concern following the decision by the Central Bank of Nigeria (CBN) to prohibit mobile money operators and fintech firms from onboarding new customers. The CBN directive, however, has received the backing of the Bank Customers Association of Nigeria. As a result, fintech companies such as …

The Nigerian Minister of Power, Adebayo Adelabu, has warned that the country may experience complete lack of electricity in the next three months if the recent hike in electricity tariff is not implemented. He made this statement during an investigation hearing by the Senate Committee on Power in Abuja, concerning …

Unity Bank Plc has engaged students from all the geopolitical zones of the federation as it facilitated financial literacy training in 15 schools as part of activities to mark the 2024 Global Money Week. The Financial Literacy Training was held as a strategy for driving financial inclusion of the Central Bank of Nigeria …

P+ Measurement Services, an Independent Media Intelligence Consultancy, conducted a comprehensive media performance audit of Tunde Onakoya’s historic Chess Marathon, held in the iconic New York Times Square, which got him into the Guinness World Records, after a 60-hour gameplay, surpassing the previous record of 56 hours, 9 minutes, and …

Dangote Cement Plc has disowned a truck laden with cement that collided with a bus on Okene-Lokoja bypass in Kogi State, leading to the death of some passengers. The company however expressed sadness over the incident and condoled with the families of the victims, urging the public to disregard the …

Standard Chartered Bank has announced the appointment of Dalu Ajene is the Chief Executive Officer of the bank’s operations in Nigeria. Ajene takes over from Lamin Manjang, the Vice Chairman Africa and Acting CEO who will be retiring from the bank after 25 years of service, having reached the mandatory …

Following the investigative documentary aired on Al-Jazeera, an International Cable Network that indicted Nestle of adding excessive Sugar to its NIDO Infant Formula and is been sold to Africa and other poorer countries around the world, the National Agency for Food and Drug Administration and Control, NAFDAC, has insisted that  …

Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from Zenith Heights, Zenith Bank Plc, Victoria Island, Lagos, on Friday, April 26, 2024.   In accordance with the Scheme of Arrangement dated March 28 2024, pursuant …

Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for the first quarter of 2024 increased by 87.2 percent at 264kt. While the company commissioned 10 of the 17 Alternative Fuel Projects across the …