Nigeria’s banking regulator has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk regulatory sanctions. In a letter to banks, the Central Bank of Nigeria (CBN) set a 180-day deadline for financial institutions to regularize all insider-related credit facilities that exceed the statutory limits prescribed under the Banking…
In Nigeria, some jobs are often underrated or overlooked by many people despite offering high pay and growth opportunities. These jobs may not receive as much attention as more traditional high-paying careers, but they can be both rewarding and lucrative. Here are six underrated jobs in Nigeria that pay well you should know: UX/UI Designers…
Following widespread complaints over a major network outage that left subscribers unable to access internet services, MTN Nigeria has issued an official apology, assuring customers that services have been fully restored. In a message to affected users, the telecommunications giant stated: “Dear customer, we sincerely apologize for the challenges experienced with internet services yesterday in…
Dangote Petroleum Refinery had exported two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas company globally. Saudi Aramco is majorly state-owned petroleum and is the national oil company of Saudi Arabia. President of Dangote Group, Aliko Dangote, made this known during a visit by the…
Nigeria is one of the 48 countries that has a trade deficit with the United States of America, a major trading partner of one of Africa’s largest economy. This information is critical as U.S. President Donald Trump wages an economic war on some of its closest allies and largest trade partners. In a significant move…
Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. In a statement, the company said the price adjustment is in response to favourable developments in the global energy sector and a significant decline in international crude oil prices. “Dangote Refinery’s…
The Central Bank of Nigeria (CBN) has approved the CFA franc to be captured on Nigeria export proceeds (NXP) form for the repatriation of export proceeds. Nonye Ayeni, executive director of the Nigeria Export Promotion Council (NEPC), spoke on Friday while addressing newsmen on the non-oil export performance for 2024 in Abuja. Nigeria’s export proceeds…
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says petrol prices will crash down following the revival of the Port Harcourt and Warri refineries by the Federal Government. In a statement on Saturday, PETROAN National Public Relations Officer, Dr. Joseph Obele, said contrary to previous doubts the refineries are “now fully operational, with…
The landing cost of imported Premium Motor Spirit (petrol) has dropped to ₦922.65 per litre, a ₦32.35 reduction from the ₦955 per litre offered at the Dangote Petroleum Refinery’s loading gantry. The price shift has reignited interest among marketers in importing petrol, offering a more profitable alternative to Dangote’s refined products, which remain priced higher….
US President Donald Trump told world business leaders Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the White House this week. Since his inauguration on Monday, Trump has said that Washington could impose steep tariffs on major trading partners Canada, Mexico and…