CBN gives reason for raising interest rate to 18.5 per cent
The Central Bank of Nigeria (CBN) has opened up on why it raised the Monetary Policy Rate, also known as the interest rate, to...
UPDATED: CBN revokes licences of 132 Microfinance banks, others (Full List)
The Central Bank of Nigeria has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country.
The revocation...
21 Facts About Dangote Refinery Commissioned Today
The completion of the Dangote Refinery in Lagos State is a groundbreaking event, one that brings great pride to Nigeria, with great prospects of...
Our refinery will supply first product to market by July — Dangote
The President of Dangote Group, Aliko Dangote, said Monday that the first refined petroleum products from the 650,000 barrels per day Dangote Refinery would...
Otedola hails Dangote as Buhari commissions refinery in Lagos
Nigerian billionaire businessman, Femi Otedola, on Sunday hailed Africa’s richest man Aliko Dangote ahead of the commissioning of the Dangote Refinery in Lagos.
Mr Otedola said history...
Court grants Seun Kuti ‘suspended’ bail
A magistrate court in Yaba has remanded Afrobeat star, Seun Kuti, in police custody for 48 hours for allegedly assaulting a police officer.
The court also granted...
$19bn Dangote Refinery: Experts line up expectations, pitfalls ahead commissioning
Ahead of the commissioning of the $19 billion worth Dangote Refinery on May 22, 2023, analysts have forecasted that it is not yet Uhuru...
Nigeria’s inflation increases to 22.22 per cent
Nigeria’s April inflation figure on Monday increased to 22.22 per cent from 22.04 per cent last month.
The National Bureau of Statistics Consumer Price Index...
Otedola offloads 2.8 million Geregu Power shares
The chairman of Geregu Power Plc, Femi Otedola, has sold 2.8 million units of his shares in the power generation company, where he is holding...
Dangote: My Refinery Can Save Nigeria $10bn in FX, Generate Another $10bn in Exports
Africa’s richest man and owner of the Dangote Refinery, Mr. Aliko Dangote, has said with the planned commencement of the refinery located in Lagos,...
