CBN Approves Merger Of Unity, Providus Banks The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus Bank Limited. The apex bank, in a statement by its acting...

Rating: GCR Affirms Dangote Industries Limited AA+(NG)/ A1+(NG) · Strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also...

NNPCL Launches New Crude Oil Grade, Targets 50,000bpd   The Nigerian National Petroleum Company Limited (NNPC) yesterday announced the introduction of Utapate crude oil blend, a new crude grade into the international oil market. The new blend is from Oil Mining Lease (OML) 13 and is fully...

'Bank Recapitalisation Crucial For Economic Growth' The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that the ongoing bank recapitalisation is an important step toward unlocking Nigeria’s potential to achieve a $1tn economy. He disclosed this at a recent forum in Abuja...

Fuel Queues to Clear as Depots Resume Loading The queues at filling stations for Premium Motor Spirit, popularly called petrol, may subside this week as PMS loading has resumed in Lagos depots. Our correspondent reported on Saturday that the depot owners decided not to open for...

FG Ask Civil Servants to Register For N40,000 Rice   The Federal Government has concluded plans to sell a 50kg bag of rice at N40,000 to public servants with a view to alleviating the food crisis in the nation and its effects on Nigerians. This was disclosed...