Victor Enengedi
1571 articles published since 04 Oct 2022
1571 articles published since 04 Oct 2022
Dangote Refinery plans N2.15 trillion IPO at N525 per share, with 10-share minimum. Dangote says it will widen ownership as Rewane forecasts GDP growth to $600bn.
CBN warns Nigerian banks and fintechs that cyber and technology risks could threaten financial stability, urging stronger oversight, reporting and AI safeguards.
Nigeria’s High Commission in London cuts passport intervention fee from £70 to £20 after scrutiny, while officials investigate charges affecting 3,000 applicants.
Petrol prices may rise as crude oil tops $100 a barrel. Experts warn of higher transport costs and inflation, while urging support without broad fuel subsidies.
TCN declares force majeure after Tower T367 collapsed on the Kainji-Birnin Kebbi line, while an alternative route keeps electricity flowing to Sokoto today.
Dangote’s planned 700,000-barrel-per-day Lamu refinery faces funding, crude supply and infrastructure challenges in Kenya, raising questions over its future.
NISO may sanction Nigeria’s DisCos over more than N1.5tn in unpaid electricity market obligations, after rejecting repayment plans deemed unacceptable today.
Petrol depot prices in Lagos fell to between N1,266 and N1,280 per litre, but pump prices remain as high as N1,325 in many filling stations in some areas.
Auditor-General cites lack of evidence for N33.75bn cash transfers to 3.29m Nigerians, highlighting missing records and financial control weaknesses at NCTO.
Victor Enengedi
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