Federal Government is in advanced talks with China’s Export-Import Bank for a $2 billion loan to build a new electricity super grid designed to tackle Nigeria’s long-standing power supply challenges. According to Bloomberg, the proposed grid project aims to strengthen…
The Central Bank of Nigeria (CBN) has introduced new operational guidelines for agent banking, setting a ₦1.2 million daily transaction cap per Point-of-Sale (POS) agent and a ₦100,000 daily limit for individual customers. The revised framework, signed by the Director…
Sterling Bank has removed account maintenance fees on all personal accounts as a “declaration of financial independence” for Nigerians. Announcing the development on Wednesday, October 1st, in a statement, the institution said it is a “gift” to Nigerians as the…
The Dangote Petroleum Refinery has suspended the sale of petrol in naira. The decision which comes amid escalating disputes at the refinery, where labour unions have accused management of sacking more than 800 Nigerian workers. Newsmaxng reported that Dangote refinery…
The management of Dangote Petroleum Refinery has discharged its Nigerian workers from their duties. This was shared on X on Wednesday by a political commentator, Imran Wakili. According to him, “Dangote Refinery has officially laid off all of its Nigerian…
United States President Donald Trump on Thursday signed an executive order declaring that his plan is to sell TikTok’s US operations to American and global investors. As reported by Reuters on Friday, the order requires companies bidding for TikTok to…
The European Union on Tuesday demanded Big Tech players, including Apple and Google, explain what action they are taking against financial scams online, as Brussels seeks to show it is not shying away from enforcing its rules. The European Commission…
United Capital has confirmed that Six of its employees died following the inferno that swept through Afriland Towers, a six-storey commercial complex in Lagos, on September 16. The reportedly began in the inverter room in the basement of the…
The Dangote Group has debunked claims by the Depot and Petroleum Product Marketers Association of Nigeria that its refinery sells petrol to international traders at cheaper rates than Nigerians. During an interview, the association’s Executive Secretary, Olufemi Adewole, had alleged…
The Dangote refinery will start the free fuel distribution scheme on Monday, the PUNCH reports. The Dangote Group spokesman, Anthony Chiejina, told our correspondent in a statement that the scheme would start with the South West, the Federal Capital Territory,…
