President Bola Tinubu has appointed The Infrastructure Corporation of Nigeria as the Lead Developer of Evergreen City, Nigeria’s green industrial zone, signaling his commitment to sustainable industrial growth. The appointment aims to meet both present and future industrial demands, according to a statement by Ajuri Ngelale, the Special Adviser to the President on Media and … Read more
The Dangote Refinery is poised to halt Nigeria’s monthly importation of approximately one billion liters of premium motor spirit, signaling a significant shift in the nation’s fuel landscape. Aliko Dangote, Chairman of the Dangote Group, announced that Nigeria will cease petrol imports once the refinery begins selling the product in June. This development follows the … Read more
Aliko Dangote, Africa’s wealthiest individual and the Chairman of Dangote Group, has announced that Nigeria will stop importing fuel next month, thanks to the operationalization of the Dangote Refinery. This development was shared during the Africa CEO Forum Annual Summit held in Kigali on Friday, where Dangote expressed optimism about reshaping Africa’s energy sector. Dangote … Read more
Canada’s financial watchdog, the Financial Transactions and Reports Analysis Centre (FINTRAC), has imposed a $6 million fine on Binance, a prominent cryptocurrency platform, for breaching the nation’s laws on money laundering and terrorist financing. The penalty, valued in Canadian dollars, translates to approximately $4.38 million USD. In a recent statement, FINTRAC revealed that Binance failed … Read more
The Corporate Affairs Commission (CAC) has set a two-month deadline for Point of Sale (PoS) operators nationwide to register their agents and merchants. According to the new order, PoS operators in the country must register by July 7, 2024, or risk penalty. The Registrar-General/CEO, CAC, Hussaini Magaji, SAN, met with some fintech companies, also known … Read more
The Chief Executive Officer of one of the leading cryptocurrency platforms in Nigeria, NoOnes, Ray Youssef, has revealed that peer-to-peer popularly known as P2P is probably like $500bn business in Nigeria alone. Youssef said this in an interview with Techpoint Africa on the heels of an imminent ban on cryptocurrency in the country. Speaking on … Read more
As part of measures to further empower, create wealth, and reduce poverty among Nigerian youths, the SMEDAN Idea Film Academy has trained over 200 persons since 2022. The founder of the academy, Mr. Adeolu Adeyemo, made this known during a news conference in Abuja. The news conference was also to premiere the movie “Fitila” during … Read more
The Independent Marketers said that the difficulties that caused the fuel scarcity will take another two weeks to properly rectify. On Sunday in Abuja, most fuel stations were out of supply, with only a few prominent marketers distributing the product in the city center. In the suburbs, the few stations that opened to motorists increased … Read more
The First Bank Board of Directors has named Segun Alebiosu, Executive Director and Chief Risk Officer, as the bank’s acting Managing Director and Chief Executive, succeeding Adesola Kazeem Adeduntan, who quit abruptly. He is anticipated to take the role on an interim basis until cleared by the Central Bank of Nigeria (CBN). In a released … Read more
The Managing Director (MD) of First Bank Nigeria Limited, Adesola Adeduntan, has resigned from the bank after leading the institution for three terms. In a letter addressed to the Chairman of First Bank, Tunde Hassan-Odukale, titled, ‘Notice of Retirement,’ the bank CEO whose tenure ought to elapse on December 31, 2024, voluntarily decided to step … Read more