The Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen, as enshrined […]
Read MoreA steering committee has been d established to drive the promotion and establishment of a digital free zone in Nigeria to accommodate the peculiar needs of innovative digital trade and service businesses. The Nigerian President, Bola Ahmed Tinubu will chair the Committee, which was setup to drive the ease of doing business for global digital, […]
Read MoreThe Dangote Refinery Petroleum Limited said that the Nigerian National Petroleum Corporation Limited, (NNPCL) supplied only six cargoes of crude instead of 15 cargoes. In statement by the Group Chief, Branding and Communications Officer of the Dangote Group, Mr Anthony Chiejina while clarifying some media reports on the status crude supply from NNPC, the company […]
Read MoreThe American Tower Company, Africa has announced the appointment of the Chief Operating Officer, ATC Nigeria, Soji Maurice-Diya, as the new Chief Executive Officer for ATC Nigeria with effect from August 1, 2024. Soji who taking over from Errol Ambler-Smith joined ATC Nigeria in 2018 as the Commercial Director where he led the Sales and […]
Read MoreSupplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. The Organisation of Petroleum Exporting Countries (OPEC) in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery among the top Diesel and jet Fuel suppliers […]
Read MoreMTN Nigeria Communications Plc., has renegotiated binding commercial terms of the existing infrastructure sharing and master lease agreements with IHS Towers. This was one of the initiatives outlined at the Extraordinary General Meeting (EGM) held on 30 April 2024 to support the recovery of its capital position. In statement, the telecoms while notifying the Nigerian […]
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A digital payment company, Network International, has released its platform, Network One into Nigeria’s financial system with a promise to onboard and empower banks, MNOs and fintechs in Nigeria and throughout the West African region. Making its first appearance at a media engagement in Lagos, Southwest Nigeria, the FTSE-listed Network International, a trusted payment partner […]
Read MoreIHS in Nigeria, a subsidiary of IHS Holding Limited, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, and MTN Nigeria, a subsidiary of Africa’s largest mobile network operator MTN Group, today announced an agreement to renew and extend all Nigerian tower Master Lease Agreements […]
Read MoreGCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Industries Funding Plc’s Series 1 NGN10.5Bn Tranche A and NGN177.1Bn Tranche […]
Read MoreThe Central Bank of Nigeria (CBN) has given approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus Bank Limited. The apex bank, in a statement by its acting Director of Corporate Communications, Hakama Sidi-Ali, said the move is designed to bolster the stability of the nation’s […]
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