Business & Strategy
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The Nigerian Electricity Regulatory Commission has mandated electricity Distribution Companies to procure a minimum of 398MW of embedded generation to improve the reliability of power supply across the country. Embedded generation, also known as distributed generation or distributed energy resources, refers to electricity generation or storage plants connected to a distribution network rather than the […]
The federal government has intensified efforts to convert vehicles from petrol and diesel to Compressed Natural Gas (CNG) with the distribution of 1,200 conversion kits to five states. The Director/CEO of the Presidential Compressed Natural Gas Initiative, Engr. Michael Oluwagbemi, revealed in Abuja that this move aims to reduce the country’s dependence on petrol and […]
The Dangote Refinery has refuted claims that it is selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at ₦898 per litre. In a statement on Sunday, the refinery’s spokesperson, Anthony Chiejina, labeled the allegation as “misleading and mischievous.” Chiejina clarified that the claims, attributed to NNPCL spokesperson Olufemi Soneye, were an attempt to […]
President Bola Tinubu has returned to Abuja following a significant official visit to China, where he focused on enhancing bilateral ties between Nigeria and China. During his stay in China, President Tinubu held crucial meetings with President Xi Jinping and Premier Li Qiang. The discussions led to the signing of five memoranda of understanding aimed […]
In celebration of its 75th anniversary, United Bank for Africa Plc distributed over N17 million to 30 customers in its August draw. According to a statement released on Monday, the draw took place recently in Lagos and was supervised by representatives from the National Lottery Regulatory Commission. The top tier of the draw saw 10 […]
Oil marketers have expressed concerns over the delay in announcing the price of Premium Motor Spirit (PMS), commonly known as petrol, produced by the Dangote Petroleum Refinery. They noted that the landing cost of imported PMS now stands at approximately N1,120 per litre. Dealers fear that if Dangote’s petrol price is high, marketers may turn […]
Aliko Dangote, President of Dangote Group, has shed light on why the first sample of Premium Motor Spirit (PMS), commonly known as petrol, from his new refinery is notably clearer than the petrol currently available in the market. During a broadcast at his refinery in the Ibeju-Lekki area of Lagos State, Dangote explained that the […]
Aliko Dangote, President of the Dangote Group, has unveiled the first batch of Premium Motor Spirit (petrol) produced at his refinery in the Ibeju-Lekki area of Lagos State. The presentation was made during a broadcast on Tuesday 3rd September 2024. In his remarks, Dangote expressed gratitude to the people of Nigeria and praised the government […]
FirstBank has extended crucial support to 600 women affected by Vesicovaginal Fistula (VVF) in Jigawa and Plateau States. This initiative, part of the bank’s Corporate Responsibility and Sustainability (CR&S) Week, includes providing surgery and aftercare kits, along with a rehabilitation program to help the women restore their livelihoods. The VVF awareness and surgery program aligns […]
Business owners in Nigeria are hopeful for better conditions in August 2024 and the following six months, according to the Central Bank of Nigeria’s latest Business Expectations report. The report, released on Wednesday, shows an optimism index of 7.6 points for August, with expectations rising to 19.3 points for the next three months and 30.7 […]
