BREAKING: 125,000 bpd Warri Refinery Begins Operation (VIDEO) The 125,000 barrel per day Warri Refinery has begun operation, GISTSMATE MEDIA reports. This was disclosed by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari during a tour of the facility on Monday. Before the tour of the facility began,…
Telecommunications operators in Nigeria have warned that service disruptions are imminent unless tariffs are adjusted to account for escalating operational costs. The Chairman of the Association of Licensed Telecommunications Operators of Nigeria, Gbenga Adebayo, issued the warning in a statement on Monday. Adebayo described the telecom sector as āunder siege,ā citing soaring operational costs driven…
All DStv customers will have free access to all DStv channels from Dec. 27 to 29, regardless of their current subscription package, MultiChoice Nigeria, the owner of the pay tv station said in a statement on Thursday According to the statement, the seasonal offer is open to all subscribers. The statement read in part: āNo…
Access Holdings Plc has announced securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its recently concluded Rights Issue. The issue involved 17,772,612,811 Ordinary Shares of 50 Kobo each, priced at N19.75 per share, successfully raising N351,009,103,017.25. This milestone positions Access Bank Plc, the Companyās…
The Nigerian Communications Commission (NCC) has approved a long-pending proposal for telecom tariff hikes, with new rates for calls, SMS, and internet bundles expected to take effect in January 2025. This marks the end of over a decade of lobbying by telecom giants like MTN Nigeria, Airtel, and 9Mobile, who have called for price adjustments…
The Court of Appeal has awarded the sum of N15m as general damages against MTN Nigeria Communications Limited for bombarding a customerās phone number with unsolicited messages and caller tunes when the customer didnāt subscribe to the services. Justice Okon Abang of the Abuja division of the appellate court made the pronouncement while delivering judgment…
The Nigerian National Petroleum Company Limited (NNPCL) has reduced its ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N1,020 to N899 per litre. This decision, which was confirmed by the Petroleum Products Retail Outlets Owners Association of Nigeria in a statement released on Saturday, comes days after the Dangote Refinery reduced…
Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product from N970 to N899.50k per litre, as a holiday promo in the Yuletide season. According to a statement by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, the company is also giving a special offer in which…
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. This was contained in a circular to all deposit money banks (DMBs), microfinance Banks, mobile money operators and super-agents, titled āCash-out limits for agent banking transactions,ā. The apex bank of Nigeria, CBN, said the restriction…
GISTSMATE MEDIA gathered that First Bank of Nigeria (FBN) has denied having any record of fraud incident in its institution. The bankās statement follows a recent media report which claimed that the bank lost N7 billion to a fraud incident. According to the report, the incident, which reportedly began several months ago, involved the unauthorised…