Energy experts say Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth
Energy experts say Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth…
Dangote’s Investment of N720bn on CNG Trucks to save Nigerians N1.7trn
Dangote’s Investment of N720bn on CNG Trucks to save Nigerians N1.7trn ... To lift 42m MSMEs ...Presidency, IPMAN, experts hail bold move Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs. The initiative…
Oloibiri oil Museum and Research Centre: Excitement as NCDMB hands over Oloibiri Museum site to Julius Berger
Oloibiri oil Museum and Research Centre: Excitement as NCDMB hands over Oloibiri Museum site to Julius Berger Stakeholders in the Oloibiri Oil Museum and Research Centre, OMPRC project were excited last week as the Nigerian Content Development and Monitoring Board, NCDMB formally handed over construction work on the long-awaited Centre in Otuabagi, Ogbia Local Government Area of Bayelsa State, to top notch engineering construction company, Julius Berger Nigeria PLC. The development which signalled the completion of all preparatory formali…
Over 40 Partners Align with UN and Sterling One Foundation for Africa’s Policy Reset
Over 40 Partners Align with UN and Sterling One Foundation for Africa’s Policy Reset L–R: Mohamed Malick Fall, Assistant Secretary-General and United Nations Resident and Humanitarian Coordinator in Nigeria; Olapeju Ibekwe, CEO, Sterling One Foundation; and Abubakar Sulieman, MD/CEO, Sterling Bank, at the recently held Africa Social Impact Summit 2025 World Press Conference at the United Nations House, Abuja. Lagos, Nigeria – Ahead of the Africa Social Impact Summit (ASIS) 2025, scheduled for July 10 and 11 in Lagos, co-conveners Sterling One …
Stanbic IBTC Bank strengthens regulatory and customer relations with strategic trade forum
Stanbic IBTC Bank strengthens regulatory and customer relations with strategic trade forum Stanbic IBTC Bank’s Corporate and Investment Banking (CIB) division has concluded its CIB Trade Customer Forum, bringing together industry leaders, key clients, and regulatory stakeholders for a day of strategic discussions and networking focused on advancing Nigeria's trade finance sector. L-R: Jesuseun Fatoyinbo, Head, Transaction Banking, Corporate and Investment Banking, Stanbic IBTC Bank; Lauretta Utubor, Team Lead, Advance Rulings, Nigeria Cust…
Dangote is the Pride of Nigeria’s Financial Market, Says NGX Group Chairman
Dangote is the Pride of Nigeria’s Financial Market, Says NGX Group Chairman … Listing of Dangote Fertiliser Will Revolutionise Capital Market – Dangote DSC 3240 & DSC 3245, L -R, Vice President, Oil and Gas, Dangote Industries Ltd, Devakumar Edwin; CEO NGX, Temi Popoola; President / CE, Dangote Industries Ltd, Aliko Dangote; Group Chairman, NGX Group Alhaji (Dr.) Umaru Kwairanga, Managing Director/ CEO of Central Securities Clearing System Plc, (CSCS), Haruna Jalo-Waziri, during the NGX Group’s Visit to Dangote petroleum Refinery and ferti…
PENING REMARKS BY MRS. CHIZUA WHYTE (HEAD, LEGAL & REGULATORY SERVICES) AT THE PRESENTATION OF THE OUTCOME
PENING REMARKS BY MRS. CHIZUA WHYTE (HEAD, LEGAL & REGULATORY SERVICES) AT THE PRESENTATION OF THE OUTCOME NCC Presents Outcome of Regulatory Impact Assessment on Subsidiary Legislation 2024 The Nigerian Communications Commission (NCC) has presented the outcome of its Regulatory Impact Assessment (RIA) on Subsidiary Legislation 2024. This milestone marks a significant step in the Commission's efforts to ensure effective, relevant, and forward-looking regulatory frameworks. The RIA, a first-of-its-kind initiative, assessed the efficie…
FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact
FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact Lagos, June 24, 2025– FirstBank, the West Africa premier bank and financial inclusion services provider, is thrilled to announce that its Corporate University, FirstAcademy, has been awarded the Gold Award for Best Corporate University in Social & Climate Change at the Global Council of Corporate Universities (GlobalCCU) Awards 2025. This highly acclaimed award recognises FirstAcademy's outstanding commitment to driving social and climate change le…
NCSP Hosts Central Party School Delegation, Advances Strategic Partnership on Governance and Public Sector Reform
NCSP Hosts Central Party School Delegation, Advances Strategic Partnership on Governance and Public Sector Reform NCSP 261 : DG. NCSP, Joseph Olasunkanmi Tegbe, Prof. Gong Weibin, Vice President of the Central Party School of the Communist Party of China (CPC), Abuja and Amb. Yu Dunhai, Chinese Ambassador to Nigeria In a renewed effort to strengthen Nigeria-China relations, the Nigeria-China Strategic Partnership (NCSP) hosted a high-powered delegation from the Central Party School of the Communist Party of China (CPC) in Abuja. The visit mark…
Julius Berger wins Quality Assured Construction Company of the Year Award
Julius Berger wins Quality Assured Construction Company of the Year Award Managing Director, Nigeria Railway Corporation, Dr. Kayode Opeifa presenting the Award to the Regional Technical Manager, Julius Berger Nigeria PLC, Mr. Thomas Christl at the event Award winning engineering construction company, Julius Berger Nigeria PLC has clinched the Quality Assured Construction Company of the Year Award. At last weekend’s 11th edition of the Nigeria Transport Lecture and Awards event in Lagos, the Editor-in-Chief of Transport Day Newspaper, org…
Fidelity Bank Promotes 12% of Workforce and Increases Salaries by 20% across board
Fidelity Bank Promotes 12% of Workforce and Increases Salaries by 20% across board Fidelity Bank Plc, one of Nigeria’s top-tier financial institutions, has promoted 376 employees following its recently concluded annual performance review exercise. This represents approximately 12% of the bank’s workforce, underscoring its management’s deep appreciation for the pivotal role played by staff in recoding the highest growth by percentage volumes in the banking industry with 210% increase in its Profit Before Tax (PBT) which grew from N124.3 billio…
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