Business

 The Federal Government has announced that the Marketers are now permitted to directly obtain petrol from the Dangote Refinery, The Federal Government has granted permission for petroleum marketers to obtain petrol directly from the Dangote refinery, allowing them to bypass the Nigerian National Petroleum Company Limited (NNPC). In a statement issued on Friday, Wale Edun, the Minister of Finance and…

The Federal Government has asked a high court sitting in Abuja to issue a bench warrant for the arrest of Hathiramani Ranesh, Managing Director of Dana Air over N1.3 billion fraud.  Mojisola Okeya, counsel to the attorney-general of the federation (AGF), made the oral application on Thursday before Obiora Egwuatu, the presiding judge. The application followed Ranesh’s absence in court for…

A Federal high court in Lagos has struck out the case filed by the Manufacturers Association of Nigeria (MAN) against the 11 distribution companies (DisCos) for increasing electricity tariff for Band A customers. In a statement on Wednesday, the Nigerian Electricity Regulatory Commission (NERC) said the judgment delivered on Monday, dismissed the suit for being an abuse of court process.…

 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized the recent hike in petrol prices, accusing the national oil company, NNPC, of wanting to sell fuel to them at over N1,000 per liter while purchasing it for less than N900 from the Dangote refinery. The national president of IPMAN, Abubakar Garima, stated in an interview on Thursday that marketers…

The South-West Regional Air Transportation Summit (SWRATS) 2024, organized by the Nigeria Civil Aviation Authority (NCAA), concluded with a strong call for the repositioning of Nigeria’s aviation industry to enhance its financial stability and economic viability. Held in Lagos, the one-day summit, themed “Repositioning the Nigerian Aviation Industry for Financial Capability and Economic Viability: An Inclusive Regulatory Dialogue,” brought together…

Coronation Insurance Plc and Coronation Life Assurance Limited have announced the launch of their latest nationwide promotional campaign, ‘Insure and Win,’ offering customers the chance to win prizes worth over ₦30 million, including a brand-new car. According to the organizers, the promotion, which began on Tuesday, October 8th, will run until December 22nd, 2024, and is open to both new…

Africa has abundant gas reserves, and these rich reserves offer immediate solutions to the continent’s immediate and prevailing challenges if well leveraged. The Chief Executive Officer, Seplat energy Plc, Mr. Roger Brown, said this during the ongoing Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa. The Seplat Energy CEO, whilst delivering the independent Keynote during the…

MoMo PSB has renewed its partnership with the Lagos state government to roll out the second phase of its Food Discount Markets ‘Ounje Eko’ initiative, to promote food security and financial inclusion. In March 2024, the Lagos State Government rolled out the first phase of this initiative to alleviate the economic burden on residents by offering essential food items at…

…as LIRS wins multiple awards In a remarkable recognition of exemplary leadership and dedication to public service, the Executive Chairman, of Lagos State Internal Revenue Service, LIRS, Mr. Ayodele Subair has been named the Peak Performer FEST 2024 Most Outstanding Performance as a Public Sector CEO of the year. Subair received the prestigious award at the Peak Performer (TPP) Fest…

The Securities and Exchange Commission (SEC) has announced that it is targeting investor education and digital finance to boost the  growing interest in financial technology and deepen capital market participation. This was disclosed by the Director General, SEC, Dr. Emomotimi Agama at the ongoing IOSCO World Investor Week held in Lagos, on Wednesday . The day’s initiative, hosted by SEC…