Category: National/Politics

Dangote Crashes Diesel Price To N1,000 Per Litre

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600…

GTCO Plc Releases 2023 Full year Audited Result, Reports Profit Before Tax of ₦609.3billion

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦609.3billion, representing an increase of 184.5% over₦214.2billion recorded in the corresponding year…

Stanbic IBTC Pension Managers Renovates Yaba Psychiatric Hospital Ward With Over N100m

In a significant display of corporate social responsibility, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings and a leading pension fund administrator in Nigeria, has renovated the Yaba Psychiatric Hospital Ward MS/F3 in Lagos, which includes female and male wings, as well as offices for medical personnel and a recreation area for the…

305 Host Communities Youths Complete Dangote Cement’s Vocational Empowerment Programmes

No fewer than 305 youths from the Dangote Cement Ibese plant’s 17 host communities have so far been trained and empowered with multi-million Naira start-up packs in different vocations since the commencement of operations by the Cement Company in Ibese, the Company management has disclosed. This is just as the Ogun State government lauded the…

WINBAFRICA @ 10: Experts Call For Renewed Commitment to Women’s Empowerment for Nation-building

African countries have been urged to renew their commitment to women’s empowerment as a crucial step towards nation-building. This call was made by a former Rector of the Yaba College of Technology, Engineer Obafemi Omokungbe, in his keynote address during the 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) held at the…

NNPC $3.3bn Crude Oil Pre-Payment Loan: How Oramah Exposed Atiku’s Ignorance, By Adewole Kehinde

“Speak the truth. Transparency breeds legitimacy.” John C. Maxwell Former Vice President Atiku Abubakar, through a statement on January 25, 2024, asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3 billion emergency crude repayment loan.  Atiku insisted that there were questions to be answered about the integrity of this deal…

Man Accuses Bamidele Onalaja of Revolution Plus of N40m Fraud

A Nigerian man based abroad has called out Nigerian Real Estate firm, Revolution Plus, for scamming him of over N40 million in landed properties. The man, in a video that has gone viral, said he acquired 20 plots of land with his hard-earned money from the Bamidele Chris Onalaja-led Revolution Plus in 2017. According to…

Rite Foods Partners with Eniola Badmus, Supports Less Privileged through “Feed the Needy” Initiative in Lagos

Ringing in 2024 with a commitment to community, Rite Foods joined forces with renowned actress Eniola Badmus for the “Feed the Needy” initiative in Lagos. This impactful program brought essential supplies and joyous moments to marginalised communities across the city on the 1st of January, 2024 which was rounded off with a concert on the…

Unity Bank Customer Wins N1m in CashToken Rewards Promo

A Unity Bank customer, Mr. Musa Dayyabu, has emerged winner of One Million Naira in the ongoing cash reward Promo by Unity Bank Plc and CashToken Rewards Africa. CashToken Rewards Africa is a Cash-Reward-as-a-Service company that rewards customers for patronage and loyalty. Mr. Dayyabu, a customer of the Bank from Bello Road Branch, Kano, won…

Dangote Petroleum Refinery Starts Production

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),…