As Nigeria’s financial landscape continues to evolve, Union Bank finds itself at the centre of controversy, raising questions about its future as the country moves closer to its recapitalisation deadline. The bank, once a trusted household name in Nigeria's banking sector, is now embroiled in a web of financial and regulatory uncertainties following the takeover …
Gen Z are moving between jobs faster but are filled with ambition. Entering the workforce for the first time is, and always has been, a daunting prospect. But Gen Z – the generation of talent starting out on this journey – are beginning their careers at a time of huge disruption, facing higher competition for …
As Nigeria celebrates its 65th Independence anniversary, the Alliance for Economic Research and Ethics Ltd/Gte has warned that the nation’s economic recovery remains fragile, urging government at all levels to prioritise human capital development as the foundation for sustainable growth. In a statement signed by its Chairman, Dele Kelvin Oye, the Alliance noted that although …
The Nigerian National Petroleum Company (NNPC) Limited has signed a two-year agreement with the Dangote Petroleum Refinery for the supply of crude oil to the refinery. The deal, which was sealed in August, is to ensure steady feedstock to the 650,000-barrel-per-day refinery based in Lagos. This comes amid efforts to maintain crude supply in naira …
The Federal Government of Nigeria has reassured that the sales of crude oil in Naira initiative will continue, and there will be no disruption in the supply of refined petroleum products across the country. The Federal Government reaffirmed its commitment to ensuring energy security, protecting consumers, and maintaining stability in the domestic petroleum products market. …
Tension gripped the headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja this morning as workers were locked out of the premises. As of 8:45 a.m., scores of employees were seen milling around outside the building after security personnel shut the main gates, barring both entry and exit. The reason for the closure …
The Nigeria Customs Service (NCS) has unveiled its “One-Stop-Shop” (OSS) initiative, aimed at reducing cargo clearance time to 48 hours in line with global best practices and the Federal Government’s Ease of Doing Business policy. NCS spokesperson Abdullahi Maiwada disclosed this in a statement issued on Sunday in Abuja. READ ALSO: Customs Service Launches Automated …
Nigeria's hope for cheaper fuel faces a major hurdle as the 650,000 bpd-capacity refinery begins to demand US dollars for petrol sales, creating a new challenge for marketers. The decision by the Dangote Petroleum Refinery and Petrochemicals to suspend sales of Premium Motor Spirit (PMS), also known as petrol in Nigerian Naira, has raised …
The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have unveiled a nationwide initiative to provide free business registration for 250,000 nano, micro, and small enterprises. The scheme, announced in Abuja during the signing of a Memorandum of Understanding between the two agencies, aims to ease the burden …
U.S. consumer spending rose more than expected in August, driven by vacations, dining out, and higher demand for services, keeping the economy on solid ground even as inflation picked up. The Commerce Department reported Friday that household consumption, which makes up over two-thirds of economic activity, climbed by 0.6% after a 0.5% gain in July. …
