Dangote sets to buy 12m barrels of crude oil from United States for refinery operations
Dangote sets to buy 12m barrels of crude oil from United States for refinery operations The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States. The refinery resorted to crude importation as local supply challenges hindered the new $20bn refinery’s push to reach full refining capacity. Recall that the refinery plans to reach its 650,000 barrels per day capacity in June this year. However, low local crude supply from the Nigerian National Petroleum Company Limited is currently a challenge to this …
The NPA Lagos International Polo Tournament Returns with GTCO as Headline Sponsor
The NPA Lagos International Polo Tournament Returns with GTCO as Headline Sponsor Lagos, Nigeria – 28 January 2025 – Guaranty Trust Holding Company Plc (GTCO) is proud to be the headline sponsor of the 2025 NPA Lagos International Polo Tournament. The highly-anticipated Polo Series will be held at the prestigious Lagos Polo Club, Ikoyi, from 4th to 23rd February 2025. A staple in Nigeria’s sporting and social calendar, the NPA Lagos International Polo Tournament is celebrated for its rich heritage, thrilling competitions, and vibrant atmospher…
CMC CONNECT LLP Unveils “INFUSION: Growth 2025”
CMC CONNECT LLP Unveils “INFUSION: Growth 2025” Lagos, Nigeria – January 27, 2025 – CMC CONNECT LLP (Perception Consulting), Nigeria’s premier perception consulting firm and leader in the public relations industry has unveiled its 2025 corporate theme: “INFUSION: Growth 2025.” This theme underscores the firm’s dedication to innovation, strategic excellence, and delivering impactful solutions that elevate the public relations landscape in Nigeria and beyond. L-R : Partner Public Affairs, Adetola Odusote; Managing partner, Raheem Olabode; Lead…
GTCO Keeps Momentum Tight In Equities Market, Cross N1.8trn
GTCO Keeps Momentum Tight In Equities Market, Cross N1.8trn Guaranty Trust Holding Company Plc (GTCO) Plc has crossed N1.8 trillion in the equities market as demand for the Tier-1 banking name spiked ahead of earnings release. Data from the Nigerian Exchange revealed GTCO share price hit a new 52-week high of N61.25 at the weekend. The Banking Group share price has been on the rise on a steady basis, breaching resistance all through last week in the local bourse. Its 29.431 billion shares outstanding’s market value climbed above N1.8 trillion …
ZENITH BANK SECURES REGULATORY APPROVAL FOR N350B RIGHTS ISSUE AND PUBLIC OFFER PROCEEDS
ZENITH BANK SECURES REGULATORY APPROVAL FOR N350B RIGHTS ISSUE AND PUBLIC OFFER PROCEEDS Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in respect of its recently concluded Hybrid Offer, comprising of a Rights Issue of 5,232,748,9…
Soludo's Operations Udo Ga-Achi yields massive results with the Breakthrough Against Kidnapping At Oba
Soludo's Operations Udo Ga-Achi yields massive results with the Breakthrough Against Kidnapping At Oba In a startling development, Anambra state operatives of Agunaechemba launched a surprise operation, resulting in the demolition of what has been described as a kidnapper's den masquerading as the Udoka Golden Point Hotel and Suites, also known as “La Cruise Hotel.” Located along the bustling Onitsha-Owerri road, the hotel harbored chilling secrets on its premises—a well-partitioned area containing over 30 graves, accompanied by a shri…
Against all Odds, FirstBank Eyes Another Decade of Growth
Against all Odds, FirstBank Eyes Another Decade of Growth In the first nine months of last year, the earnings per share (EPS) of FBNHoldings Plc, the parent company of First Bank of Nigeria Limited as well as its profit grew by 125 per cent year-on-year (Y/Y). But there is much more to where the premier bank stands in core banking and its profitability is not a mere accretion of transaction charges but that it has also increased its commitment to financial intermediation. In the three quarters, its interest income, which gives a clue of sustai…
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