“Investors who want to buy N50,000 worth, or some buying N100,000 worth, and so on, they are the ones who will be given priority allocations”

By Rosemary Iwunze  Following the conclusion of the insurance industry recapitalisation exercise, the sector is now expected to protect Nigeria’s manufacturing sector against costly industrial risks. It is also expected to have significant implications for manufacturers whose operations are exposed to risks ranging from factory fires and machinery breakdowns to marine cargo losses, engineering failures […]

By Udeme Akpan The planned Initial Public Offering (IPO) of Dangote Petroleum Refinery offers Nigerians a rare opportunity to move from being mere consumers of petroleum products to becoming shareholders in one of the country’s most strategic industrial assets. President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, who stated this in Lagos […]

By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to sanction companies awarded flare gas sites under the Nigerian Gas Flare Commercialisation Programme (NGFCP) if they fail to make significant progress in utilising the sites. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this in Abuja during a working visit to […]

…Says weak links could destabilise financial system By Emma Ujah, Abuja Bureau Chief ABUJA: The Central Bank of Nigeria, CBN, has urged banks, fintechs and other financial institutions to treat cybersecurity and third-party technology risks as critical financial stability issues, warning that vulnerabilities in one institution could trigger widespread disruption across the financial system. The […]