MTN Nigeria Communications Plc has reported a significant contribution of ₦549.3 billion in taxes and levies to the Nigerian government for the year 2023. This information was disclosed in the company’s 2023 Sustainability Report, filed with the Nigeria Exchange Limited. The report highlights MTN Nigeria’s achievements in expanding connectivity and enhancing its nationwide coverage. The…
OPay, a leading financial technology company in Nigeria, has reassured its customers that their deposits are now insured up to ₦5 million, in line with the industry standard set by the Nigeria Deposit Insurance Corporation (NDIC). This update emphasizes OPay’s commitment to financial security and aligns its deposit protection standards with those of other commercial…
Union Bank of Nigeria has announced the promotion of 337 employees across various departments, highlighting its commitment to recognizing and rewarding dedication and outstanding contributions. In a statement released by the bank, Managing Director and Chief Executive Officer Yetunde Oni acknowledged the hard work and exceptional performance of the promoted employees during a recent town…
Fidelity Bank has announced plans to increase its issued share capital from N22.6bn to N26.7bn by creating up to 8.2bn additional ordinary shares, each valued at 50 Kobo. This decision aligns with the new minimum capital requirements set by the Central Bank of Nigeria (CBN). The announcement was made in a corporate notice filed with…
Peter Obi, the presidential candidate of the Labour Party in the 2023 election, has called on the Nigerian government to address growing concerns about interest rates and reverse key monetary policies. In a statement posted on his X handle, Obi highlighted the detrimental impact of the Central Bank of Nigeria’s (CBN) interest rate hikes on…
Nigeria has secured the bid to host the headquarters of the Africa Energy Bank (AEB), a significant achievement for the country’s energy sector. This announcement was made by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, following a virtual meeting of the council of ministers of the African Petroleum Producers Organisation (APPO) on…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) and NIPCO Gas Limited have inaugurated twelve Compressed Natural Gas (CNG) stations in Nigeria, marking a significant step in the country’s drive towards cleaner and more affordable energy. The stations were commissioned by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in…
By Ayomide Otitoju Polaris Bank has launched a tree-planting initiative in Ogun State to combat the effects of climate change and promote environmental sustainability. The initiative, conducted in collaboration with the Nigeria Conservation Foundation (NCF), took place at Tai Solarin University of Education, Ijagun, near Ijebu-Ode, Ogun State, on Monday. Chris Ofikulu, Executive Director of…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has declared a state of emergency on oil production to boost Nigeria’s crude oil output and reserves. Mele Kyari, the Group Chief Executive Officer of NNPCL, announced this during the 23rd Nigeria Oil and Gas Conference and Exhibition in Abuja. Kyari said, “We have decided…
