Business

The Nigerian Communications Commission (NCC), has disclosed that the total number of active data internet users across the networks of all internet service providers utilising different technologies like GSM, Fixed Wired, Wireless and Voice over Internet Protocol (VoIP), reached 142,161,409 as at January 2025. The latest report by NCC revealed that GSM technology maintained the market lead with 141,655,587, followed…

NNPC Retail Limited (NRL) has marked a significant milestone with the successful hosting of She-Fix 2025, an event aimed at empowering women in the automotive, technical, and energy sectors while commemorating International Women’s Day. Held at The Stable Center in Surulere, Lagos, the event attracted over 300 participants under the theme “Driving Diversity and Powering Progress.” It highlighted the crucial…

Nigerian Breweries Plc (NB) has notified the Nigerian Exchange Limited (NGX), shareholders, and the investing public that it has acquired the remaining 20per cent shareholding in Distell Wines and Spirits Nigeria Limited (DWSN).  The Company Secretary, NB, Uaboi Agbebaku, in a statement said the  full acquisition follows the execution of a sale and purchase agreement with the DWSN minority shareholders, …

The National Information Technology Development Agency (NITDA), in collaboration with the Federal Ministry of Women Affairs (FMWA), has taken a decisive step toward closing the gender digital divide by presenting the National Gender Digital Inclusion Strategy (NGDIS) at the United Nations 69th Session of the Commission on the Status of Women (CSW69). The high-level event reinforced Nigeria’s commitment to fostering…

The management of Dangote Petroleum Refinery on Wednesday announced that it has temporarily halted the sale of petroleum products in Naira.  The company in a statement obtained by WESTERNPOST stated that the decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars. The statement added that,…

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. The company in a press statement by its Chief Corporate Communications Officer, Mr. Olufemi Soneye, said what occurred was a flare incident, which has since been fully contained. There is no danger or health hazard to…

The Oil and Gas Free Zones Authority (OGFZA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reinforced their commitment to regulatory excellence through a strategic collaboration aimed at strengthening Nigeria’s oil and gas sector. Leading a delegation of his management team, OGFZA’s Managing Director and Chief Executive Officer, Bamanga Usman Jada, paid a courtesy visit to NUPRC headquarters in…

The Board of Unity Bank Plc has announced the appointment of Mr. Ebenezer Kolawole as the Acting Managing Director/Chief Executive Officer following the retirement of Mrs. Oluwatomi Somefun who has completed her tenure as MD/CEO. The appointment was announced at the Bank’s 18th Annual General Meeting (AGM), held in Lagos on Wednesday, after securing necessary approval from its primary regulator,…

Dangote Refinery has suspended the loading of petroleum products for the Nigerian market due to stalled negotiations over the naira-for-crude deal, sources confirmed. However, the refinery will continue to supply fuel for export, as it currently procures all its crude stock from the international market in dollars. The refinery had been selling fuel to Nigerian marketers in naira under an…

The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso and the National Security Adviser (NSA) to the President, Mr. Nuhu Ribadu during a security engagement organised by the Central Bank of Nigeria in collaboration with the Office of the National Security Adviser, held recently at the National Counter – Terrorism Centre, Three Arms Zone, Abuja.