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Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather …

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. …

The Kano State Government has filed a fresh fraud charge against the immediate past governor of the state, Dr Abdullahi Ganduje, his Commissioner for Local Government, Murtala Garo, and two others. According to the charge sheet, Garo, Lamin Sani and Muhammad Takai were charged with criminal conspiracy, criminal breach of …

The African continent is poised to declare a Public Health Emergency of Continental Security as the Mpox (Monkeypox) outbreak continues to spread across many countries. Dr Jean Kaseya, Director General of the Africa Centre for Disease Control, said this during a webinar on Thursday on the Mpox outbreak situation in …

The National Working Committee of the Peoples Democratic Party, on Thursday, constituted the State Caretaker Committee for the Ondo State chapter of the party. This was according to a statement obtained by our correspondent and signed by the National Publicity Secretary of the party, Debo Ologunagba. The statement noted that …

• Protesters held Sunday service at the Old Airport roundabout during the on-going #EndBadGovernance in Jos… on Sunday. Photo: NAN   As the #EndBadGovernance nationwide protest fizzles out, many Nigerians, especially in the north, will live with the wounds, scars and financial losses for a long time to come. The …

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 …