Business

WORLD OF CASHEW BUSINESS IN ENUGU COMMUNITY, WOMEN MAKE FORTUNE

WORLD OF CASHEW BUSINESS IN ENUGU COMMUNITY: HOW WOMEN MAKE FORTUNE Obollo-Afor, the headquarters of Udenu Local Government Area in Enugu State is known for production of cashew nuts, avocado pears, plantain, banana, mangoes, among others. Today, cashew nut production has placed the community on a global scale. People troop to Obollo-Afor from all over the world to buy the …

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WILL DANGOTE REFINERY CRASH PETROL PRICE?

WILL DANGOTE REFINERY CRASH PETROL PRICE? The Dangote Refinery, owned by Africa’s richest man, Aliko Dangote, is expected to revolutionise Nigeria’s oil sector, and reduce the country’s reliance on imported refined petroleum. Having already received six million barrels of crude oil, the 650,000 barrel-a-day oil refinery, commissioned in May 2023, has commenced the production of diesel and aviation fuel, as …

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WHY WE’RE RELOCATING KEY DEPARTMENTS OF CBN TO LAGOS – CARDOSO

WHY WE’RE RELOCATING KEY DEPARTMENTS OF CBN TO LAGOS, CARDOSO A recent announcement by the Central Bank of Nigeria (CBN) to relocate key departments from its headquarters in the Federal Capital Territory’s Central Business District to Lagos has triggered a growing controversy. The move, orchestrated by CBN Governor Yemi Cardoso, aims to decongest the apex bank’s headquarters but has garnered …

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CBN APPOINTS NEW MANAGEMENT TEAMS FOR KEYSTONE, POLARIS, UNION BANKS

CBN APPOINTS NEW MANAGEMENT TEAMS FOR KEYSTONE, POLARIS, UNION BANKS The Central Bank of Nigeria (CBN) has appointed new leaders for three Nigerian banks whose boards and managements were dissolved on Wednesday. In a statement late Wednesday, Hakama Sidi Alli, the acting director of corporate communications at the CBN, named Yetunde Oni as the new managing director/chief executive officer of …

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CBN SACKS BOARDS OF TITAN TRUST, UNION, KEYSTONE, POLARIS BANKS

CBN SACKS BOARDS OF TITAN TRUST, UNION, KEYSTONE, POLARIS BANKS The Central Bank of Nigeria has dissolved the board and management of Titan Trust Bank and three others, according to Inside Business. This followed a report submitted to President Bola Tinubu by the Special Investigator on the Central Bank of Nigeria (CBN) and Related Entities, Jim Obazee. According to Inside …

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DANGOTE EDGED OUT AS AFRICA’S RICHEST MAN

DANGOTE EDGED OUT AS AFRICA’S RICHEST MAN South African billionaire Johann Rupert has emerged as the new wealthiest individual in Africa, surpassing the long-reigning champion, Aliko Dangote. Forbes reports that as of Tuesday, January 2, 2023, Rupert’s net worth soared to an impressive $10.3 billion, while Dangote’s fortunes dwindled slightly to $9.5 billion. This marks a significant milestone for Rupert, …

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TINUBU ENDS BUHARI’S SINGLE TREASURY ACCOUNT, ASKS MDAS TO RRMIT REVENUES TO SUB-CURRENT ACCOUNT

TINUBU ENDS BUHARI’S SINGLE TREASURY ACCOUNT, ASKS MDAS TO RRMIT REVENUES TO SUB-CURRENT ACCOUNT President Bola Tinubu’s administration has directed that all ministries, departments, and agencies fully funded by the federal government remit 100 per cent of their revenues into a Sub-Recurrent Account, a sub-component of the Consolidated Revenue Fund (CRF), where the federal government will now receive and consolidate …

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WE’VE NO DISPUTE WITH FUEL MARKETERS – NNPCL, SAYS SUBSIDY ENTIRELY REMOVED

WE’VE NO DISPUTE WITH FUEL MARKETERS – NNPC, SAYS SUBSIDY ENTIRELY REMOVED The Nigerian National Petroleum Company (NNPC) Limited says it did not clash with any party over petrol subsidy removal. Media reports had on Wednesday morning said the national oil company clashed with oil marketers over whether the federal government was paying subsidy on petrol or otherwise. In a …

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NEW YEAR PACKAGE: DISCOS INCREASE ELECTRICITY TARIFFS JANUARY 1!

NEW YEAR PACKAGE: DISCOS INCREASE ELECTRICITY TARIFFS JANUARY 1! Electricity Distribution Companies (DisCos) in Nigeria will hike their tariffs with effect from January 1, 2024. A source from one of the electricity distribution companies who confirmed the development said a virtual emergency meeting was held in that regard. “All has been perfected for the new tariff to take effect from …

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WE’LL SELL OUR CEMENT N3,500 A BAG IN 2024 – BUA CHAIRMAN

WE’LL SELL OUR CEMENT N3,500 A BAG IN 2024 – BUA CHAIRMAN BUA Chairman Abdul-Samad Rabiu on has promised that his company would sell a bag of cement at N3,500 in 2024, as earlier promised After meeting with President Bola Tinubu in Lagos on Thursday, Rabiu assured that his firm targets about six million tonnes of cement annually. ” I …

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