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Article 'Dangote Refinery Eyes 650,000 Barrels Per Day with Billions in Funding'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Nigeria
Unveiling Africa's Hidden Pain: The Stolen Wealth, Unheard Cries, and Urgent Need for Change
In a groundbreaking report, various campaign groups reveal that sub-Saharan Africa is, in fact, a net creditor to the rest of the world, with over $41 billion leaving the continent. Despite $161 billion flowing in through loans, remittances, and aid, an alarming $203 billion exits Africa.
This...
The Central Bank of Nigeria (CBN) has announced its intention to conduct a comprehensive review of its licensing framework for payment services. CBN Governor, Olayemi Cardoso, highlighted concerns about recent developments in the payment services sector, emphasizing the need for a regulatory and...
Nigeria
Nigerians Check Personal Contacts List As President Tinubu Approves New Board and Management for NNPC
President Bola Tinubu has reappointed Mallam Mele Kolo Kyari as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). This decision is part of a broader reshuffle that unveils a new board and management team, effective December 1, 2023.
Kyari's unexpected...
Nigeria
NEITI Report Unveils N8.79 Trillion Allocation to States and LGs: South-South Leads, Lagos Tops in the South-West
A recent report from the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the 36 states, Federal Capital Territory (FCT), and 774 local government councils in Nigeria collectively received N8.79 trillion in 2020 and 2021 through Federation Account allocations...
Nigeria
Dangote Refinery Secures Historic 6 Million Barrel Deal, Poised for 350,000bpd Operations in December
Dangote Refinery, led by founder Aliko Dangote, has successfully secured its inaugural cargo deal, totaling 6 million barrels, set for delivery as the much-anticipated project gears up for operations at 350,000 barrels per day starting next month. A significant development in Nigeria's energy...
In a groundbreaking decision, Mrs. Justice May of the United Kingdom High Court has granted over 13,000 farmers and fishermen from the Niger Delta communities of Ogale and Bille the permission to proceed with their claims against Shell.
The communities allege that chronic pollution of their...
Dubai Chamber has extended its global footprint by inaugurating a trade office in Lagos, Nigeria, as part of its expansive foray into Africa.
The move aims to tap into the burgeoning business potential in Nigeria and the broader West Africa region.
Mohammad Lootah, President and CEO of Dubai...
Nigeria's Central Bank Governor, Olayemi Cardoso, disclosed a staggering $1.4 billion revenue drop between 2015 and 2019 due to forex restrictions on 43 key items.
The revelation, made during a keynote address at the Chartered Institute of Bankers of Nigeria, highlighted a 51.0% increase in...
Nigeria
CBN Governor Announces Capital Boost for Banks Amidst President Tinubu's $1tn Economy Ambition
In a significant address at the 58th Annual Dinner of the Chartered Institute of Bankers of Nigeria, CBN Governor Dr. Olayemi Cardoso revealed plans to direct Deposit Money Banks to bolster their capital base.
The move is a response to President Bola Tinubu's ambitious projection of a $1tn...
The Nigerian National Petroleum Company Limited (NNPCL) has set an ambitious goal to cease the importation of refined petroleum products by December 2024, projecting a substantial revenue growth of N4.5tn by the end of 2023. Group Chief Officer Mele Kyari announced these plans during a meeting...
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