Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has announced the extension of the application period for its Initial Public Offering (IPO) by two weeks. This, according to the company, followed approval from the Securities and Exchange Commission (SEC), amid what it said has become one of the most significant capital market offerings...
•Peter Obi, Tinubu and Femi Falana Presidential candidate of the Nigeria Democratic Congress (NDC) Peter Obi and human rights lawyer Femi Falana have faulted the Tinubu-led federal government’s approach to petrol pricing, questioning the effectiveness and sustainability of its 30-day petrol discount as motorists lament difficulties accessing t...
In a bold move to deepen retail participation in Nigeria’s capital market, the Aliko Dangote Foundation (ADF) has unveiled a share grant initiative aimed at helping up to five million tertiary students and two million vulnerable women become shareholders in Dangote Petroleum Refinery and Petrochemicals through its Initial Public Offering (IPO)...
There are indications that domestic petroleum product prices could rise further as petrol depot prices surged across Lagos, Port Harcourt, Warri and Calabar yesterday, with several marketers in Port Harcourt raising their prices despite lower pump prices at some filling stations in Lagos. NIPCO led the increases in Port Harcourt, raising its P...
A customer has sued First City Monument Bank (FCMB) Ltd for N5 billion over the alleged unauthorised disclosure of a company’s bank statement to a third party, accusing the bank of breaching its duty of confidentiality and exposing sensitive financial and personal information. In a Writ of Summons filed by the Claimants’ Counsel, Oluchi Vivian...
•Dangote Refinery The federal government says Nigeria’s crude oil production capacity is inadequate to supply the Dangote Refinery and meet local refining needs. Nigeria’s Minister of Finance, Taiwo Oyedele, made the comment yesterday following calls for a “production subsidy” to the Dangote Refinery to meet local demand for refined products. ...
•NNPCL petrol station The Nigerian National Petroleum Company Limited (NNPCL) says its customers have been enjoying a N66 discount per litres on Premium Motor Spirit (PMS) before the federal government’s announcement of reduction of the product to N1,350 per litre to cushion the effect of rising crude oil price. In a statement, Chief Corporate...
•Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele Tinubu-led federal government’s economic recovery is gaining strength, but improved revenues and macroeconomic indicators have yet to translate into stronger social outcomes for citizens, the federal government and World Bank have said. Meanwhile, the Arewa Consult...
•NLC President Joe Ajaero Nigerian workers, under the aegis of the Nigeria Labour Congress (NLC), have given the federal government a two-week ultimatum to commence negotiations for a new national minimum wage and take immediate steps to reduce the price of petrol, warning that failure to meet its demands could trigger fresh industrial action....
Tinubu and a fuel pump nozzle …Being a Channels TV Editorial The federal government’s decision to offer Nigerians a 30-day discount on petrol has reopened a familiar debate: how can a government committed to ending fuel subsidies provide relief without undermining its own economic reforms? The answer may lie less in the discount itself t...
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