Emzor Pharmaceutical Industries Limited has unveiled its plan to establish a N1bn foundation with the motive to frontally combat the menace of drug abuse among the youths and society at large. The pharmaceutical company made this known during a recent annual Thanksgiving and 40th Anniversary Dinner held in Lagos. Founder/Group Managing Director of the company,…
Seplat Energy Plc has completed the $1.28 billion acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil, marking a significant step in its growth and expansion strategy. The acquisition, announced on Thursday, received final approval from President Bola Ahmed Tinubu and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The deal had faced delays since 2022 due…
The Federal Government has promised to turn its abandoned secretariat at Ikoyi in Lagos into luxury apartments. The plan is part of President Bola Ahmed Tinubu administration’s efforts to revamp disused government buildings across the state into modern complexes for the benefit of Nigerians. The Ikoyi federal secretariat was abandoned following the movement of the…
Olam Agri has launched a program designed to equip women with entrepreneurial skills, empowering them to enhance their economic roles. The initiative aligns with the Federal Government’s Renewed Hope Agenda, which focuses on socioeconomic development. Anil Nair, Managing Director of Olam in Nigeria, emphasized the company’s commitment to the country’s human capital growth, stating, “Seeing…
The members of Independent Petroleum Marketers Association of Nigeria, IPMAN, yesterday expressed optimism that loading products from the Port Harcourt refinery will commence this week. This was even as Dangote Petroleum Refinery and the Petroleum Products Retail Outlets Owners’ Association, PETROAN, have continued talks, targeted at concluding details for lifting petroleum products. The NNPC Limited…
The Vice President, Senator Kashim Shettima has urged Nigerian Deposit Money Banks (DMBs) to ensure seamless availability of Naira notes to the banking public. Shettima made the call on Friday in Abuja, at the 2024 Bankers ‘ Committee Retreat. He was represented by Tope Fasua, Special Adviser on Economic Affairs, Office of the Vice-President. He said…
Okechuckwu Valentine Osuji, 39, a Nigerian national, was sentenced yesterday in New Haven, Connecticut, to eight years in prison for operating a business email compromise scheme out of multiple countries, including the United States. According to court documents and statements made in court, Osuji and his co-conspirators targeted specific individuals and businesses by masquerading as…
President Bola Ahmed Tinubu has directed the Nigerian Consumer Credit Corporation (CREDICORP) to facilitate the return of Peugeot Automobile and Dunlop Tyres to Nigeria as part of the country’s efforts to introduce credit facilities for purchasing new cars. This move is part of Nigeria’s broader plan to become one of the nations offering consumer credit…
President Bola Ahmed Tinubu has directed the Nigerian Consumer Credit Corporation (CREDICORP) to facilitate the return of Peugeot Automobile and Dunlop Tyres to Nigeria as part of the country’s efforts to introduce credit facilities for purchasing new cars. This move is part of Nigeria’s broader plan to become one of the nations offering consumer credit…
The Naira has appreciated to N1,555 per dollar in the parallel market from N1,685 per dollar on Thursday. Similarly, the Naira appreciated to N1,535 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate…
