Banking Consolidation: Mega Banks Boast N10trn Capital Base   As the Central Bank of Nigeria’s proposal to initiate a new banking sector consolidation raises concerns among some industry operators, findings indicate that major banks with foreign subsidiaries currently control N9.6 trillion capital base. This is just data...

Nigeria Investors Provide 30% Return on Investment – NEXIM   The Nigeria Export-Import Bank (NEXIM) has disclosed that investors in Nigeria earn about 30 per cent return on their investments. The Executive Director of Business Development, NEXIM, Stella Okotete, disclosed this while playing host to the Mexican...

Port Harcourt Refinery will Start Operation in December - Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has confirmed that the Port Harcourt refinery will start working in December 2023. Kyari made the confirmation on Thursday during his...

TCN Begins Installation Of New 60MVA Birni Kebbi Transformer Transmission Company of Nigeria (TCN) has commenced the installation of a brand new 60MVA 132/33kV power transformer in Birni Kebbi. The company recently took steps to restore power at substation when it moved the transformer to Kebbi,...

Diversify From Oil to Boost Economic Development - Stakeholders to FG Stakeholders from many sectors have called on the Federal Government to make a U-turn after six decades of heavy reliance on petroleum resources. They emphasized the significance of diversifying the economy by focusing on undeveloped...

NNPCL to End Fuel Importation by Dec 2024 The Nigerian National Petroleum Company Limited, on Thursday, said it would end the importation of refined petroleum products by December 2024 as all the country’s refineries would be operational by then. It also projected that the national oil...