Unilever exits home care business, stops production of Omo, Sunlight

Unilever Nigeria, the local unit of British multinational consumer goods company Unilever Plc revealed this in its unaudited interim financial statements for the year ended December 31, 2023, published on the Nigerian... Read more »

Dangote Petroleum Refinery commences production of diesel and aviation fuel, no petrol yet – Spokesman

Dangote Petroleum Refinery commences production of diesel and aviation fuel, no petrol yet – Spokesman There was no petrol yet as the Dangote Refinery began the production of diesel and aviation fuel... Read more »

CBN Appoints New Executives for Union Bank, Keystone Bank, and Polaris Bank

CBN Appoints New Executives for Union Bank, Keystone Bank, and Polaris Bank Yetunde Oni (Union) is MD/CEO Standard Chartered Sierra Leone; Hassan Imam (Keystone) is an ED at Fidelity Bank; and Omokayode... Read more »

CBN Investigator summons Tunde Lemo, two others over controversial acquisition of Union Bank

The Special Investigator probing the Central Bank of Nigeria, Jim Obazee, has summoned the Chairman of Titan Trust Bank (TTB), Tunde Lemo, and two other shareholders of the bank to a “follow-up... Read more »
Air peace

Air Peace to resume China operations Dec 28

One of Nigeria’s leading airlines, Air Peace, said it was set to resume direct flight connectivity to Guangzhou-China on Dec. 28. This is contained in a statement issued by the spokesman of... Read more »
Naira scarcity

Naira scarcity: CBN accuses banks, PoS operators of hoarding cash, threatens sanctions

The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the current Naira scarcity crisis. The apex bank, in a statement... Read more »
NNPCL

Delta State Govt, NNPCL, firm to develop floating gas plant

Delta State Government, Nigerian National Petroleum Company Limited and UTM Offshore Limited, on Tuesday, signed a shareholders agreement for the development of the first Floating Liquefied Natural Gas in Nigeria. This was... Read more »
Sanwo-Olu unveils N750m palliative scheme for Lagos traders

Sanwo-Olu unveils N750m palliative scheme for Lagos traders

On Sunday, Lagos State Governor Babajide Sanwo-Olu introduced a palliative program, the Lagos Market Trader Money, aimed at assisting low-income traders. The governor made this announcement while inaugurating a middle-level Fresh Food Agro Hub... Read more »
CITN

CITN Backs Federal Government’s 18% Tax-to-GDP Drive

The Chartered Institute of Taxation of Nigeria (CITN), has said the government’s drive to increase tax to GDP ratio from 10.86 to 18 per cent is a step in the right direction.... Read more »
CBN

NDIC Backs CBN on Strengthening Banks

The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has said that the corporation supports the Central Bank of Nigeria’s (CBN) efforts to strengthen the... Read more »