CBN Appoints New Executives for Polaris, Union, Keystone Banks The Central Bank of Nigeria has appointed new executive directors to oversee the operations of Polaris, Union, and Keystone banks, just few hours after dissolving their board of directors. The apex bank, in a statement signed by...

'Cement Prices To Remain High In 2024'   A new report by Cardinal Stone has revealed that cement prices in 2024 will remain high despite a slash in prices from BUA cement in October last year. The report titled “Nigeria Cement Rebounding from a Tumultuous Year” noted...

NNPC To Supply Four Crude Oil Cargoes to $20bn Dangote Refinery   The Nigerian National Petroleum Company Ltd (NNPCL) has scheduled to supply four crude oil cargoes, (four million barrels), under its February programme to the $20 billion Dangote refinery. The four cargoes are expected to increase...

Banks Loan Portfolio Rises by 44.2% to N32.47trn   Leading Deposit Money Banks quoted in the Nigerian Exchange Limited (NGX) have grown their loan portfolio by 44.23 percent in the nine months ended September 30, 2023. The banks include: Zenith Bank Plc, FBN Holdings Plc, Access Bank...

We Recorded 157 Oil Theft in Niger Delta Within a Week - NNPCL   Despite renewed efforts aimed at tackling oil theft, the Nigerian National Petroleum Company Ltd (NNPCL), said it recorded 157 incidents within one week (December 30, 2023 and January 5, 2024) in the...

NNPCL Records Over N2trn Profit   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977...