The pan-Yoruba socio-cultural and political organisation, Afenifere, on Thursday, urged the Federal Government to work toward meeting its December deadline for the operation of refineries in Port-Harcourt, Rivers State. During a recent meeting with the leaders of the Nigeria Labour Congress and the Trade Union Congress, President Bola Tinubu assured that the Port-Harcourt refinery would commence operation by December, this …

Fidelity Bank signs UN Principles for Responsible Banking Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEPFI). The Principles are the leading framework for ensuring that banks’ strategy …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has waded into the dispute between Chevron Nigeria Limited and some communities within the company’s Warri exploration and production area in Delta State, over the composition and naming of the Host Communities Trust Fund. Both parties in the dispute have been urged to maintain the peace pending the resolution of the matter. The …

On the sidelines of the Mines and Money conference holding in London, United Kingdom, Nigeria’s Minister of Solid Minerals Development, Dr. Oladele Alake, and United States Assistant Secretary for Energy and Natural Resources Geoffrey Pratt agreed to set up a team of officials of both countries to explore financing for credit to mining firms and infrastructures. Pratt said his visit …

The Central Bank of Nigeria (CBN) has issued a fresh directive to all banks and Nigerians regarding accepting old and redesigned Naira notes, according to a statement on Wednesday by its Acting Director of Corporate Communications, Mrs. Sidi Hakama. This is as the Supreme Court ruled also on Wednesday that the old Naira denominations of N200, N500 and N1,000 notes continue …

The Peoples Democratic Party (PDP) has described the N27.5 trillion budget for the 2024 fiscal year as proposed by President Bola Tinubu to the National Assembly as deceitful, strangulating, and hopeless. In a statement by its National Publicity Secretary, Barrister Debo Ologunagba, on Wednesday, PDP said that, if the budget is allowed to pass, it would further plunge the nation …

In a landmark move, Covalensedigital and inq. Digital Nigeria have entered into a partnership to transform Nigeria’s digital services for Mobile Virtual Network Operators (MVNOs). This collaboration ushers in a new era of digital agility and financial flexibility for MVNOs through a bespoke Software as a Service (SaaS) platform. The newly launched Digital Service Enablement Platform (DSEP) is set to …

President Bola Tinubu has said that Nigeria’s national defence and internal security, local job creation, macro-economic stability, investment environment optimisation, human capital development, poverty reduction, and social security are some of the top priorities of the 2024 Budget of Renewed Hope. The President told a joint session of the National Assembly on the 2024 Federal budget proposal on Wednesday in …

Marine and Blue Economy Minister Adegboyega Oyetola yesterday continued bilateral discussions with ministers and representatives from the Kingdom of Saudi Arabia, Bangladesh, Brazil and Jamaica. According to his media aide, Ismail Omipidan, the minister expressed Nigeria’s interest in learning from their knowledge and experiences. On Monday, Oyetola held bilateral meetings with representatives of Greece, Qatar and Mexico on the sidelines …

The International Air Transport Association (IATA) said the aviation sector is still recovering from losses of the pandemic which crippled flight operations globally. Africa lost an estimated $7.7 billion in the aviation sector in 2020 as restrictions were put in place by governments to combat the spread of COVID-19, leading to a drop in traffic. IATA estimated that Nigeria lost …