Petroleum minister hosts crucial meeting with Dangote, NNPC, others
Nigeria’s Minister for State, Petroleum Resources (Oil), Heineken Lokpobiri, on Monday convened a high-level meeting with top executives from Dangote Group, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian…
Ayo Amusan, powerhouse of the highest earning sports brand retail business in Nigeria
Ayo Amusan is the Founder/CEO of Persianas Retail Limited (PRL), a leading retail company and the highest-earning sports brand retailer in Nigeria. PRL is currently the official partner of the PUMA and Lacoste brands in Nigeria, with 13 PUMA, Lacoste,…
Unified Payments as it begins recording POS transactions
Collaborate. That’s a word Agada Apochi, the CEO of Unified Payments (formerly ValuCard), used six times in ten minutes as he talked about his company’s new license. It’s easy to understand why: Unified Payments is a product of collaboration, having…
Transparency Issues Persist As Nigerian Oil Company NNPCL Fails To Release 2023
The NNPCL only released its 2022 financial statements in January 2024 after facing significant pressure. The Petroleum Industry Act mandates that the NNPCL, as a limited company, must undergo financial audits annually, in line with the Companies and Allied Matters…
Customers to win N200m as UBA begins 75th anniversary promo
In line with its usual custom of rewarding loyalty, Africa’s Global Bank, United Bank for Africa Plc, is set to launch the “UBA Legacy Promo” as part of activities to mark its 75th year anniversary. This campaign has been specially…
Adaora Umeoji highlights Zenith Bank’s robust financial metrics
Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together key market players, focused on the bank’s growth…
Zenith Bank set to unveil capital-raising drive
Zenith Bank Plc, is on the verge of concluding arrangements to unveil its capital raising drive aimed at meeting the Central Bank of Nigeria, CBN’s new capital base for the banking sector. The bank is also preparing to complete its transition…
NNPC Stake In Dangote Refinery Now 7.2% – Dangote
Africa’s richest man Aliko Dangote says the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki…
Access Bank Targets Top 20 Position in UK, $1bn Profit by 2027
Access Bank, sub-Saharan Africa’s largest bank by customer base, has shared insights about ambitious plans to position its UK subsidiary, Access Bank UK, among the top 20 banks in the United Kingdom, targeting an annual profit of $1 billion by…
Golden Guinea wins N10bn eight-year suit against AB InBev
Golden Guinea Breweries Plc has won an eight-year-long N10 billion suit against International Breweries Plc and Anheuser-Busch InBev (AB InBev). The Umuahia Abia State-based brewer had approched the Federal High Court in 2016 demanding general damages in the sum of…