Business

The Nigerian National Petroleum Company Limited has initiated fresh negotiations with the Dangote Petroleum Refinery over the renewal of the naira-for-crude agreement, as talks are underway in anticipation of the expiration of the initial deal, which ends on March 31, 2025.   The NNPCL disclosed this in a statement issued ...

  NCDMB Commends Heritage Energy, Pledges Support for OML 30 Projects The leadership of Heritage Energy & Oil Services Limited and its joint venture partners recently visited the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, and received assurances of support for their operations ...

    Elon Musk said X was hit by a major cyberattack on Monday as outages plagued users of the platform once known as Twitter. “There was (still is) a massive cyberattack against X,” Musk said in a post on the platform. Musk blamed a cyberattack, providing no evidence, for ...

Naira appreciates by N63 against Dollar in January to seven-month high Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market. According to data from the FMDQ Securities Exchange Limited and the ...

Design Week Lagos Joins Forces with Ecobank and Ministry of Arts, Culture, Tourism and Creative Economy to Launch “2025 Design and Innovation Exhibition” Design Week Lagos is partnering with Ecobank Nigeria and the Ministry of Arts, Culture, Tourism, and Creative Economy to present Nigeria’s inaugural Design and Innovation Exhibition 2025. ...

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, ...

ZENITH BANK REINFORCES COMMITMENT TO STAFF WELLBEING THROUGH PAY RISE AND PROMOTIONS One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to 30% across various employee grades. This ...

How rising costs threaten Nigeria’s telecom sector – by Ismail Olatunji Rising operating costs have become increasingly overwhelming for most businesses in Nigeria in the past two to three years. Escalating costs of fuel, power, labour, transportation, equipment maintenance and security, coupled with forex fluctuations and availability have especially put ...

ZENITH BANK WINS COVETED BANK OF THE YEAR AWARD IN THE BANKER AWARDS 2024 Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024. The award, which was announced by The Banker Magazine, Financial Times Group, United Kingdom, during the ...

Zenith Tech Fair 4.0 Concludes with Hackathon Winners Awarded ₦77.5M in Cash Prizes The Fourth Edition of the Zenith Bank organized Zenith Tech Fair, themed “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives – The Impact of AI,” concluded on Thursday, November 21, 2024, at the Eko Convention Centre, ...