Zenith Bank Plc has broadened its international reach with the inauguration of Zenith Bank (UK), Paris Branch. The official opening ceremony took place on Wednesday, November 27, 2024, at 21 Rue de la Paix, Paris, France, and was officiated by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The…
On Thursday, Tinubu’s proposed tax reform bills made significant progress, successfully passing their Second Reading in the Senate despite some lawmakers’ objections. Senate Leader Michael Opeyemi Bamidele, who led the debate on the Executive Bill, characterized the legislation as a crucial step towards overhauling Nigeria’s tax system. He stated, “These bills are designed to simplify…
Corporate Accountability and Public Participation Africa (CAPPA) has raised concerns about the growing and inappropriate relationships between government officials and the tobacco industry. During a press conference in Abuja on Wednesday, Executive Director Oluwafemi Akinbode called for stricter penalties for violations of smoking regulations to protect the health of all Nigerians. Akinbode pointed out that…
The Nigerian National Petroleum Company Limited (NNPCL) has announced its commitment to collaborate with key stakeholders to increase crude oil production to over two million barrels per day (bpd) by the end of 2024. Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, shared this information in a statement on Monday, addressing concerns regarding discrepancies…
The Statistician General of the Federation, Adeyemi Adeniran, has announced that Nigeria’s Gross Domestic Product (GDP) growth rate in real terms (constant prices) rose by 3.46% in the third quarter (Q3) of 2024 compared to the same period last year. In a statement released on Monday, Adeniran noted that this growth represents an increase of…
Nigeria’s Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) for marketers, bringing it down to N970 per litre. Anthony Chiejina, spokesperson for Dangote Group, shared this update in a statement on Sunday. The refinery, which has a capacity of 650,000 barrels per day, has decreased the petrol price by…
Dangote Refinery has restarted its crude oil purchases from the United States to enhance its refining capacity and production levels. A Bloomberg report released on Wednesday indicates that a shipment containing two million barrels of WTI Midland crude from Chevron Corp. is scheduled for delivery to the refinery next month. This new acquisition follows a…
PalmPay has been acknowledged for its dedication to promoting financial inclusion in Nigeria, receiving the Financial Inclusion Agent of the Year and Key Driver of Financial Inclusion Awards at the 2024 International Financial Inclusion Conference (IFIC) held on November 13-14 in Lagos. The conference was organized by the National Financial Inclusion Governance Committees, an initiative…
Dr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has announced that the environment is now conducive for private investors to engage in the Nigerian economy. The minister emphasized that President Bola Tinubu is actively working to lift many Nigerians out of poverty. He stated that the President is committed to…
Bashir Adeniyi, the Comptroller General of the Nigeria Customs Service, has announced that the agency has successfully met its revenue generation target of N5.07 trillion for 2024. Adeniyi made this announcement during the Comptroller General of Customs’ Conference held in Abuja on Wednesday. As of November 12, 2024, the service has collected a total of…
