NNPCL needs huge investment to meet demand – Dangote

The Nigerian National Petroleum Company Limited needs to roll out massive investments in terms of oil and gas to meet the demand for these commodities, Africa’s richest man and Chairman, Dangote Group, Aliko Dangote, has said. He said the national oil firm should invest more because there were many off-takers waiting to off-take the products from the company. Dangote spoke at the ongoing 2023…
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FG manages biometric technologies to prevent illegal mining.

The Federal Government, through the Ministry of Mines and Steel Development, has stressed that biometric data capture for registered artisanal and small-scale miners will lessen the rate of illegal mining and smuggling in the country. This was disclosed in a statement from…

Nigeria’s borrowing from World Bank hits $14.34bn in Q1 – Report

Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, This was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022. This means that fresh disbursements on approved loans added $410m to Nigeria’s debt from the World Bank in the first quarter of 2023. The IBRD lends to governments of middle-income and creditworthy low-income…
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Real Estate

President Buhari Commissions 748 Housing Units In Abuja.

Earlier today, President Muhammadu Buhari commissioned 748 Housing Units of Federal Housing Authority Estate in Zuba, Abuja. The entire estate covers a total of 18.5 hectares of land area. In the course of executing the estate project, over 13,000 Nigerians were employed…
Brands & People

CDK promises continuous innovation in tiling industry

CDK Integrated Industries has reiterated its commitment to continue driving innovation and best practices in the tiles manufacturing sector in Nigeria. In a statement, the company said this during its stakeholders interactive forum in Ikeja, Lagos. Speaking at the event, the Chief Executive Officer, CDK, Mr Bernard Longe, said that the purpose of the event was to build stronger ties with CDK’s…
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SEC opens portal for fintech operators

Weeks after announcing the registration of five fintech companies, the Securities and Exchange Commission has opened the regulatory incubation programme for fintech firms operating or seeking to operate in the Nigerian Capital Market. This was contained in a circular issued…

Heirs insurance appoints senior management.

Insurance companies Insurance Limited and Heirs Life Assurance, have made new appointments to senior leadership positions and announced a corporate name change for Heirs Insurance Limited. In a statement issued on Monday, the firm revealed that Heirs Insurance Limited will…

Wema Bank records N39bn Q1 gross earnings

Wema Bank Plc has said it recorded N39.35bn gross earnings in the first quarter of the 2023 financial period. This was a year-on-year increase of 35.04 per cent from N29.14bn recorded in the corresponding period of 2022. It disclosed this in a statement on its unaudited results for the first quarter ended March 30, 2023. It disclosed that its interest income rose by 31.73 per cent y/y to N33.63bn…
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