President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced.   Speaking during a visit by the South South Development Commission (SSDC) to the Dangote Petroleum Refinery and Fertiliser Complex in […]

By Peter Egwuatu The Securities and Exchange Commission (SEC) has said it is strengthening inter-agency collaborations to identify and prosecute the promoters of Ponzi schemes in line with the Investments and Securities Act (ISA) 2025. The Divisional Head, Legal and Enforcement, SEC, Mr John Achile, who disclosed this at the Commission’s Journalists’ Academy 2025 in Lagos, […]

By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday, said that the Composite Purchasing Managers’ Index, PMI, rose  to 56.4 points in November, marking the twelfth consecutive month of expansion in economic activity. According to the PMI report for November released by the apex bank on Monday 29 out of 36 subsectors surveyed expanded during […]

First City Monument Bank (FCMB) has been named Nigeria’s ‘Best SME focused Bank’ for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). This recognition comes as FCMB holds a leading 24% share of the banking industry’s ¦ 1.8 trillion total SME disbursement for 2024. The award was presented at the 60th Annual Bankers Dinner […]

By Obas Esiedesa, Abuja The Federal Government, yesterday, unveiled 50 oil and gas blocks for bidding, targeting about $10 billion in fresh investments and an additional 400,000 barrels per day in national production. In the long term, the government hopes to deliver 10 billion barrels of oil over the next decade. Announcing the bid round in […]