Dave Ibemere
4537 articles published since 20 Sep 2021
4537 articles published since 20 Sep 2021
The net worth of Nigeria’s richest men has changed, with Abdulsamad Rabiu recording the biggest decline, followed by Mike Adenuga and Femi Otedola.
The number of commercial banks in Nigeria is set to reduce following the Central Bank of Nigeria drive to ensure banks meet its capital requirements before 2026.
Nigerian banks, including Wema, Ecobank, and First Bank, have warned customers to stay vigilant as fraudsters deploy new tricks following a N10bn cyber heist.
Oil workers’ strike will fully begin after talks with the Federal Government, NLC, and Dangote Group collapsed, but there is hope that an agreement can be reached.
The Nigerian Exchange opened the week higher as All Share Index rose 0.30%, driven by gains in UPL, PZ Cussons, Ellah Lakes, Legend Internet, and NCR.
Luxury real estate in Lagos prices are on the rise, with two-bedroom rentals at N38m and penthouses at N8bn, driven by diaspora investors, expatriates.
The average petrol price at private depots, including Dangote Refinery, has increased amid threats by NUPENG and other labour unions to go on strike.
Kano billionaire Muazzam Mairawani, through MSM Group, is investing $600 million in a Kebbi cement plant to produce 12m tonnes, create 45,000 jobs.
Dangote Refinery has finally spoken on reported plans for a 3-month petrol unit shutdown, reaffirming its commitment to meet Nigerian energy demands.
Dave Ibemere
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