Business

Dangote petroleum refinery has entered its final stage of construction as seen from photos shared online, Newsextra24 reports. The refinery is expected to save Nigeria loads of dollars used in importing fuel. The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery …

We are pleased that Twitter has been restored for everyone in Nigeria. Our mission in Nigeria & around the world, is to serve the public conversation. We are deeply committed to Nigeria, where Twitter is used by people for commerce, cultural engagement, and civic participation.

Government agencies, officials and private companies which were prevented from tweeting due to the Twitter ban that was imposed by the Federal Government on June 5th, 2020 have resumed tweeting after the ban was lifted at 12am on January 13th, 2022. The Nigerian Broadcasting Commission had ordered TV and radio …

FairMoney team have expressed the importance of serving the unbanked and underbanked which according to the bank is “stemmed from a burning desire to bridge the lag between developing African countries, Nigeria inclusive, and the new age of banking enjoyed in developed countries. The FairMoney team stated this at the …

Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as the finance industry comes under pressure from mobile money providers. The London-listed lender’s local unit has already started to shut some offices in December and will …

Despite facing numerous antitrust lawsuits and tighter regulations in certain markets, Apple today reported new figures indicating record App Store growth in 2021. The company in a press release said it has now paid out more than $260 billion to app developers since the App Store first launched in 2008, a number that’s up …

TotalEnergies EP Nigeria Limited has declared a Force Majeure resulting from its NOPL Line vandalization at KP41 on January 7, 2022. According to TotalEnergies EP Nigeria Limited in a letter to the Niger Delta Power Holding Company Limited (NDPHC), “NOPL pipeline was vandalized on 7th January 2022 at KP41 Alaoma …

The Central Bank of Nigeria’s foreign exchange intervention in the economy fell by $930 million in the third quarter of 2021, to $4.03 billion from $4.96 billion in the previous quarter. This was disclosed by the CBN in its report on forex supply for the third quarter of 2021. Its …

Newly inaugurated Anambra Cargo Airport has recorded 142 flights with 3,865 passengers landing and taking off after one month of its opening. The airport was opened for commercial services on December 7 last year. The Anambra Commissioner for Works, Marcel Ifejiofor, made the disclosure on Sunday in Umueri, near Awka, …

Singer Peter Okoye has threatened legal actions against some banks, accusing them of aiding internet fraudsters scamming people in his name, Newsextra24 reports. The 40-year-old had earlier lamented the scam done to people in his name, he also warned his fans against paying money into the account of the scammers …