Business

Respite for Consumers as Dangote Refinery Set for Petroleum Products Production

Dangote Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN is the last cargo to complete the initial scheduled 6 million barrels […]

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Business

Dangote Group Explains EFCC Visits, Assures of Commitment to Investigation

The Dangote Group has clarified the recent visit of officials of the Economic and Financial Crimes Commission (EFCC) to its office but assured of its commitment to helping the agency with its investigations. EFCC officials visited the Dangote Group headquarters in Lagos over details of foreign exchange allocated to it by the Central Bank of […]

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News

POS Transaction Value to Experience Massive Growth of 1,050% as ATM Cash Scarcity Bites

The global transaction value processed via soft POS will reach $11.8 billion by 2028, up from $1 billion in 2023. Growth will be driven by Apple’s launch of Tap to Pay, coupled with soft POS’ low cost of acceptance, which will lead to significant small business adoption. Soft POS allows NFC‑enabled smartphones or tablets to […]

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Business

President Tinubu Sacks CEOs of BPE and FCCPC Ahead of Economy-Restructuring

President Bola Tinubu has sacked the chief executives of the Federal Competition and the Consumer Protection Commission (FCCPC) and the Bureau of Public Enterprises (BPE). Presidential spokesman Ajuri Ngelale disclosed this in a late Monday statement, saying the dismissal of Babatunde Irukera as the FCCPC EVC/CEO and Alexander Ayoola Okoh of BPE is part of […]

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Business

PASSPORT AUTOMATION: Nigerians to Receive Passports by Courier at Home, Contact with Immigration Officers Ends 

The Nigerian Government plans are almost “ready” for the commencement of full contactless passport application and the delivery of the same to applicants via courier. “Starting March 8, Nigerians will no longer have to come to our offices for their biometric,” the Minister of Interior Olubunmi Tunji-Ojo said on Monday’s edition of Channels Television’s Politics […]

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Business

Billions of Palliatives Fund in Private Accounts  Infuriates President Tinubu, Orders Minister’s Probe

The Minister of Information and National Orientation, Mohammed Idris, made this known in a statement on Sunday. Controversy had enveloped Edu’s alleged involvement in the approval of N585,198,500.00 to be disbursed into a personal account. In a letter allegedly signed by the humanitarian minister, she allegedly instructed the Accountant General of the Federation (AGF), Oluwatoyin […]

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Business

Govts & MDAs Must Take Cybersecurity Serious in 2024, ZTE Corporation Warns

ZTE Corporation,  a global provider of ICT solutions, has unveiled the Cybersecurity White Paper 2023: Governance, Compliance, Openness, and Transparency. This white paper outlines ZTE’s security governance architecture and security assurance system, placing a strong emphasis on effective governance methods and industry best practices. With the evolution of digital technologies, digital infrastructure assumes a crucial […]

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Financial

NITDA Harps on Automation of ICPC to Heighten Anti-Corruption Fight

The National Information Technology Development Agency (NITDA), has said that the automation of the Independent Corrupt Practices and other related offences Commission (ICPC) will step-up the fight against corruption to a large extent in the country. According to the Director General of NITDA, Mr Kashifu Inuwa, automation is a journey and not a one off […]

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Business

Dangote Refinery Takes Delivery of Fifth One Million Barrels of Crude Oil Cargo

Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL), on Thursday. The company is already preparing to welcome the 6th one million crude oil cargo to the refinery, by next week. This latest development is a significant step […]

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News

Nigerian Military Adds Two Hi-Tech Unmanned Water Vessels to Arsenal

Nigeria has taken possession of two high-grade unmanned water vessels courtesy of a United State company desire to support the fight against insecurity in the maritime sector. According to a statement, the Minister of State for Defence, Muhammed Bello Matawalle has presented the two water vessels to President Bola Ahmed Tinubu. The S2 and S3 […]

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