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Category: Economy

Business Economy headline

Petrol marketers threaten withdrawal of services over N200bn debt

Iheanyi Ejiofor April 30, 2024 No Comments

Our reporter/ The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging…

Read More Petrol marketers threaten withdrawal of services over N200bn debt
Business Economy headline

CBN stops Opay, Moniepoint, others from onboarding new customers

Iheanyi Ejiofor April 30, 2024 No Comments #CBN#Moniepoint#Opay

The Central Bank of Nigeria (CBN) has stopped mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers. A source at the bank,…

Read More CBN stops Opay, Moniepoint, others from onboarding new customers
Business Economy headline

Zenith Bank HOLDCO structure transition approved by shareholders

Iheanyi Ejiofor April 30, 2024 No Comments #HOLDCO#Zenith Bank

Shareholders of Zenith Bank Plc have unanimously approved the restructuring of the Bank to a holding company. The approval was given during a court-ordered Extraordinary General Meeting (EGM) held virtually…

Read More Zenith Bank HOLDCO structure transition approved by shareholders
Business Economy headline

Dangote cement export of clinker, cement increased by 87.2%

Iheanyi Ejiofor April 30, 2024 No Comments #Dangote cement

Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for the first quarter of…

Read More Dangote cement export of clinker, cement increased by 87.2%
Business Economy headline

Report: Stranded cargo shows credit challenges at Dangote refinery

Iheanyi Ejiofor April 26, 2024 No Comments #Dangote refinery

Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Dangote’s new refinery for nearly a month due to payment issues, according to four…

Read More Report: Stranded cargo shows credit challenges at Dangote refinery

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