The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began production in the early hours of Friday. This followed the delivery of six…
Category: Business
Minister Raises Concern Over High Prices Of Foodstuff, Assures Of FG’s Intervention
By Abdullahi Yusuf The Minister of Trade, Industry and Investments, Doris Nkiruka Uzoka-Anite has raised concerns over the high prices of food commodities in the country expressing the Federal Government’s intention to…
CBN appoints new executives for Union, Keystone, Polaris banks
The Central Bank of Nigeria (CBN), has appointed new executives for Keystone, Polaris and Union Banks, following dissolution of the board and management of the banks on Wednesday. This is contained in…
Ramadan: Trade minister confirms refineries’ pledge of sugar price stability
The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, says major sugar refineries across the nation have assured her of commitment to maintaining sugar price stability. She said they assured that…
Dollar pulls back, bitcoin jumps ahead of ETF approval deadline
The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in the U.S. is slowing…
CBN: Your money is safe in Nigerian banks
The Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in the country’s financial institutions. “Nigerian banks remain safe and sound,” declared CBN director of corporate communications…
Promise Kept: NNPC Commissions Port Harcourt Refinery
…Achieves Mechanical Completion, Flare Start-up of Refinery’s Area 5 Plant The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5…
Our Resolve To Protect SMEs Remain Unshaken – VP Shettima
…Commissions SMEDAN headquarters in Abuja Vice President Kashim Shettima has said the federal government under President Bola Ahmed Tinubu’s watch will never shift ground in its determination to protect businesses in Nigeria….
Senate Deputy President Moves To Halt Shoprite’s Exit from Kano
By Abdullahi Yusuf Deputy President of the Senate, Barau Jibrin, has put in place a machinery to halt the moves by Shoprite, one of Nigeria’s prominent supermarket chains, to close its only…
Multiple Taxes Cripple Telecom Growth, Warns NCC
The Nigerian Communications Commission (NCC) has described multiple taxation as an impediment to the development of the telecom industry as well as the overall national economy. This was made know by the…
CBN Dismisses CAR Failure Reports, Says Nigerian Banks Strong
The Central Bank of Nigeria (CBN) has assured the banking public that Nigerian banks are buoyant. The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama…
Dangote Cement Inducts Graduate Trainees To Boost Employment
Dangote Cement Plc, last weekend, inducted 81 trainees in its Graduate Trainee programme to boost employment in the country. The company, it would be recalled, since the beginning of the programme, has…
Katsina Govt. waives “Right of Way” charges for telecom firms
The Katsina State Government has waived the Right of Way (RoW) charges expected to be paid by telecommunication firms before laying their optic fibre in any part of the state. The Chief…
Actress Lisa Yaro renovates schools, donates educational materials to IDPs camp
Lisa Yaro, Nigerian -American Actress and singer, also known as ‘Queen of the North’, has renovated school buildings and made donations of educational materials for Internally Displaced Persons(IDPs) in the Federal Capital…
How Aliko Dangote supported businesses in Nigeria-Sambajo
President of the Dangote Group Aliko Dangote has been described as a rare gem and kind hearted industrialist for nurturing trading and commercial activities in North and across Nigeria for almost four…
KEDCO Announces Prepaid Meter Upgrade with Key Change Tokens
Kano Electricity Distribution Plc. (KEDCO) has announced a system and prepaid meter upgrade that involves a Token Identifier (TID) Rollover, starting in December 2023. In a statement issued to PRIME TIME NEWS…
NNPC to Work with Partners to Reduce Methane Emissions – Eyesan, EVP Upstream
NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. Olufemi O. Soneye, Chief Corporate Communications Officer disclosed in…
NEPC’s Financial Support Reaches over 100 MSMEs, Exporters
The Nigerian Export Promotion Council (NEPC) has moved to assist over 100 Micro, Small and Medium Enterprises (MSMEs) and exporters on how to access finances to boost their businesses. This is even…
CITAD Empowers 50 Women in Jama’are with Vaseline, Soap Making Skills
In a bid to combat unemployment and foster entrepreneurship among young women, the Center for Information Technology and Development (CITAD), in collaboration with E-Trash2cash, organized a skill acquisition training for 50 women…
Jaiz Bank Appoints Haruna Musa As MD/CEO
The Board of Jaiz Bank Plc, has approved the appointment of a seasoned banker, Haruna Musa, as the Managing Director/ Chief Executive Officer of the Bank. Haruna’s appointment takes effect following the…
African Development Bank spreads tent axles to Northwest zone, ACF commends foresight of 7 governors to rejuvenate region
The Interactive Session recently hosted by the Africa Development Bank( AfDB) in Abidjan to acquaint Governors of the North Western States of Nigeria on its Special Agro- Industrial Processing Zones, tallies with…
United Nigeria Airlines Opens Kano, Sokoto Routes
Nigeria’s fastest growing carrier, United Nigeria Airlines, has concluded plans to expand its operations to unite the northern part of the country with the opening of offices in Kano and Sokoto states….
NNPC restores 275,000 bpd oil production following settlement of PENGASSAN-TotalEnergies rift
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the restoration of 275,000 barrels per day (bpd) of oil production following a peace deal brokered between the management of TotalEnergies, operator…
Youth unemployment eradication, our priority – Dangote
Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote, has reiterated the company’s determination to eradicate the high youth unemployment in the country. She said, it is only when youths are positively…
BDC CEO calls for collective effort to stabilize Naira
Managing Director, CEO of 313 Bureau de Change Alhaji Murtala Bashir has stressed the need for a collective effort to ensure naira stability at the Forex Market in Nigeria. Bashir in a…