BUSINESS
Be Patient With Tinubu’s Govt, Innoson Vehicle CEO Urges Nigerians
The Chief Executive Officer of Innoson Vehicle Manufacturing (IVM), Chief Innocent Chukwuma, has urged fellow Nigerians to be patient with President Bola Ahmed Tinubu’s administration. He expressed confidence that the country would witness positive changes soon. The IVM boss described the Federal Government’s CNG policy as the “best idea for transportation” in Nigeria, citing numerous benefits for the citizens. Chukwuma said this...
Nigeria Spending $600m Monthly On Fuel Importation
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the country currently spends $600 million monthly on fuel imports. He attributed the high cost to neighboring countries, extending to Central Africa, benefiting from the nation’s fuel imports. Edun shared this information during an interview on AIT’s Moneyline program, which was posted on its YouTube channel...
Find Out Why Our Refineries Are Not Working, Joe Igbokwe Tells Tinubu
Joe Igbokwe, a leader of the All Progressives Congress (APC), has requested President Bola Tinubu to investigate why Nigeria’s refineries are not operating. Igbokwe questioned what had become of Nigeria’s four dormant refineries. He was responding to a comment made by Nigerian Finance Minister Wale Edun, who stated that the country spends $600 million each month on petroleum imports. Edun stated that...
CBN Auctions $876m To 26 Banks, Disqualifies Six
The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in the latest Retail Dutch Auction System (RDAS) held on Tuesday, August 6, 2024. The auction was part of the apex bank’s efforts to enhance foreign exchange liquidity in the market, alleviate demand pressure, and support price discovery, in line with its objectives. The CBN disclosed...
El-Gato Delegation Participates in 2024 SPE-NAICE Conference in Lagos
El-Gato Global Limited, a leading player in the oil and gas industry, is currently participating in the 2024 Society of Petroleum Engineers (SPE) National Annual International Conference and Exhibition (NAICE) taking place in Lagos State. Led by its Chief Executive Officer/Managing Director, Engr. Ekpen O. Kenneth, the company's delegation includes Engr. David Salami, General Manager; Engr. Ekata Samson, Confidential Secretary/Logistics...
CBN Approves Merger Of Unity, Providus Banks
The Central Bank of Nigeria (CBN) has approved a pivotal financial accommodation to support the proposed merger between Unity Bank and Providus Bank. CBN’s acting Director of Corporate Communications, Hakama Sidi Ali, disclosed this in a statement on Tuesday. According to the apex bank, the action is in accordance with the provisions of Section 42 (2) of the CBN Act, 2007. It...
Cabals In Nigeria Frustrating Dangote Refinery – Ex-President Obasanjo
Former president, Olusegun Obasanjo has said cabals in Nigeria’s oil and gas sector will continue to frustrate the $20 billion Dangote Refinery because it benefits from refined petrol import. He disclosed this in a recent interview with the Financial Times. This comes amid the continued crisis Dangote Refinery is grappling with in the crude oil supply. READ ALSO: Court Stops Sale Of...
Senator Kalu’s Ambitious Plan To Make Abia North The Food Basket Of Nigeria Amidst Economic Hardships
As Abia North, like other regions in Nigeria, faces a severe economic crisis marked by hunger and unemployment, Senator Orji Uzor Kalu is spearheading an initiative to transform the region into the nation's food basket. This visionary plan aims to address the immediate hardships of the populace while laying the foundation for long-term economic stability and growth. THE CURRENT SITUATION Like many...
Coca-Cola Indicted On Product Description – FCCPC
FCCPC accuses Coca-Cola and Nigerian Bottling Company for alleged misleading trade descriptions, ‘Original Taste, less Sugar’ in their product. Nigeria’s Federal Competition and Consumer Protection Commission, FCCPC disclosed this in a statement released to DAILY POST on Thursday. The commission in the statement found Coca-Cola Nigeria and NBC in violation of section 116 of the FCCPC Act as well as...
FG Sets Up Centres For Nigerians To Buy Rice ₦40,000 — Minister
The Federal Government has called for calm on the proposed nationwide protest, saying it had created centres across the country where Nigerians can purchase a 50kg bag of rice for ₦40,000. This was revealed by the Minister of Information and National Orientation, Mohammed Idris while briefing correspondents on the outcome of the Federal Executive Council meeting presided over by President...
![‘Junior Pope Didn’t Pay Dues’ — AGN Gives Update On Late Actor’s Case With Adanma Luke [VIDEO]](https://abntv.com.ng/wp-content/uploads/2024/11/Junior-Pope-and-Emeka-Rollas-100x75.jpg "‘Junior Pope Didn’t Pay Dues’ — AGN Gives Update On Late Actor’s Case With Adanma Luke [VIDEO]")
