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Nigerian Midstream and Downstream Petroleum Regulatory Authority wishes to inform the general public that – limited quantity of Premium Motor Spirit (PMS), commonly known as Petrol, with methanol quantities above Nigeria’s specification was discovered in the supply chain. Methanol is a regular additive in Petrol and usually blended in an acceptable quantity. To ensure vehicular and equipment safety, the limited ... Read More »

Customers of Fidelity Bank are in for a treat this Valentine as the Bank has announced plans to host a delightful evening of music, fun games and delightful experiences for its customers. Tagged The Euphoria and scheduled for Saturday, 19 February 2022, the event would be headlined by leading music acts, Johnny Drille, Chike, Fave and other guest artistes. There ... Read More »

…. Investment One Funds Management Limited and Investment One Pension Managers Limited Guaranty Trust Holding Company Plc (GTCO Plc or the Group), a diversified financial services provider, today notified the Nigerian Exchange Group (NGX) and the investing public that GTCO Plc has concluded the acquisition of the 100% equity stake in Investment One Pension Managers Limited (IOPM) and Investment One ... Read More »

In furtherance of its appreciation of customers, whilst promoting the adoption of mobile payment solutions in the country, FirstBank is rewarding holders and customers of its branded Visa Gold card in its ongoing Visa Gold card. The promo which will have over 300 Visa Gold cardholders rewarded during the promo is scheduled to end on 25 March 2022.Each month, the ... Read More »

Fidelity Bank has facilitated the disbursement of over N34 Billion in direct credit to players in the Nigerian rice value chain. The bank’s interventions in recent years have helped to unlock spontaneous financing opportunities for a large swathe of paddy rice farmers with significant contributions to the expansion of national paddy rice output. Only recently, the bank part-financed the construction ... Read More »

Stanbic IBTC Bank PLC, a member of Standard Bank Group, has opened a new branch in the Lekki Free Trade Zone (LFTZ), Ibeju-Lekki axis of Lagos State. The new branch will serve the banking and pension needs of the financial institution’s current and prospective clients along the LFTZ corridor and environs. Demola Sogunle, Chief Executive Stanbic IBTC Holdings PLC, said ... Read More »

Guaranty Trust Holding Company plc (GTCO Plc), is pleased to inform The Nigerian Exchange Limited and the investing public of the completion of the acquisition of 100% shares in Investment One Funds Management Limited (“the Acquisition”). Commenting on the completion of the Acquisition, Mr. Segun Agbaje, Group Chief Executive Officer of GTCO Plc said “We are excited about our foray ... Read More »

The opening month of 2022 revealed a solid expansion in Nigeria’s private sector. Output continued to rise at a robust pace thanks to larger workforces as well as supportive domestic and international demand conditions. However, cash shortages weighed on new orders, which rose at the softest rate for a year-and-a-half. Nevertheless, firms remained committed to raising output and stockpiled inputs ... Read More »

..Pledges Support for Frontier Exploration The Senate Committee on Petroleum Resources (Upstream) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd) for repositioning the Nigerian oil and gas industry into a competitive business environment. The Chairman of the Committee, Senator Bassey Albert Akpan, gave the commendation when he led members of the Committee on an oversight visit to the ... Read More »

The Deputy Chief Executive of Geregu Power Plc and previously Group Executive Director Finance & Risk Management of Forte Oil Plc (now Ardova Plc) has joined FBN Holdings Board as a Non-Executive Director following the approval of his appointment by the Central Bank of Nigeria according to the notification sent by the company secretary to the NGX. JB is a ... Read More »