The Nigerian Bar Association (NBA) has called for the full implementation of President Bola Ahmed Tinubu’s directive on supplying crude oil to the Dangote Refinery and other modular refineries across the country. The association emphasized that domestic refining is crucial to ending the recurring fuel scarcity and long queues at filling stations. Describing the establishment of the Dangote Refinery as both a nationalistic and patriotic endeavor, the NBA urged the Federal Government and Nigerians to rally behind the project. The association expressed disappointment that the refinery is facing strong opposition from fuel importers, who have stifled the economy by keeping…
Author: Abdoulaye Kay
Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices. Fidelity Bank is awarded CG+, the highest rank under the Corporate Governance Rating System (CGRS), which screens quoted companies against prescribed best practices and standards. A review of the latest compliance report showed that Fidelity Bank sustains its highest-ranking rating of CG+, with shareholders and market pundits commending the high corporate standards of the bank. The Head of the Listings Regulation Department, NGX Regulation (NGXRegco), Mr. Godstime Iwenekhai, explained that the CGRS was designed…
The Fidelity Food Bank Outreach has benefitted 1,500 women, children, widows, and the elderly from the one-day feeding program organized by the Fidelity Bank in Osun State. The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun State under the bank’s Corporate Social Responsibility (CSR) Initiative created to reach out to vulnerable persons and reduce the effect of hunger in society. Speaking at the distribution event, the Divisional Head, Brand and Communication, Fidelity Bank Plc, Dr. Meksley Nwagboh, described the Food Bank Initiative as the bank’s contribution towards helping the less privileged in the society. Highlighting the…
Examination bodies in Kenya and Uganda have written the Joint Admission Matriculation Board (JAMB) to verify records presented by Nigerian candidates seeking admissions into tertiary institutions in their respective countries. This, according to JAMB in in a document ‘Registrar’s Report on 2023 ADMISSION & 2024 UTME Policy Meeting’ document obtained by Channels Television on Wednesday, followed cases of fake certification recently detected by it. JAMB said the move is to protect Nigeria’s tertiary institutions from international disrepute, adding that it would not falsify the records of any students. “Uganda and Kenya examination boards are now writing to JAMB to confirm…
The $30 million Commodity Murabaha Facility marks a key milestone in ICD’s mission to foster sustainable economic development within its member countries. By directing resources into Türkiye’s agriculture sector, a crucial pillar of the nation’s economy, this partnership aims to enhance food security, promote innovation, and drive the growth of SMEs, which are vital to the country’s economic resilience.
The event, organized by AGRA in collaboration with Ghana’s National Youth Authority, was themed “Unlocking Youth Potential for Sustainable Development: Bridging the Gap, Accelerating Success.” It brought together policymakers, industry leaders, and young Ghanaians to discuss the future of youth involvement in agriculture and sustainable development. The conference also included the Youth and Food Systems Transformation convening, organized under the YEFFA program.
The National Agency for Food and Drugs Administration and Control (NAFDAC), Bauchi State office has begun a three-day exercise in markets in Bauchi State Bauchi markets to mop up fake Milo chocolate drinks in circulation.
The Civil Society Legislative Advocacy Centre and Transparency International Nigeria (CISLAC/TI-Nigeria) have called on state governors to prioritize due diligence and seek legal consultations in contract negotiations. This appeal follows the recent seizure of three Nigerian presidential jets by a French court, linked to a contract dispute between the Ogun State Government and the Chinese firm Zhongshan Fucheng Industrial Investment Co. Ltd. In a statement signed by Executive Director Auwal Musa Rafsanjani, CISLAC/TI-Nigeria expressed deep concern over the escalating legal conflict, rooted in a 2007 agreement for the development of the Ogun Free Trade Zone. Rafsanjani stressed that the fallout…
“The report claiming that Kebbi State has failed to access N1.39 billion in UBEC funds is inaccurate. Governor Nasir Idris graciously approved the the payment of the counterpart fund, and the Kebbi state government has fully accessed these funds. There are no unutilized funds held at UBEC.
The Nigerian National Petroleum Company Limited (NNPCL) has successfully repaid 60% of a $1.036 billion loan that it took in September 2021 to finance the acquisition of a 20% stake in the Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise (DPRP FZE). As of December 31, 2023, NNPC has repaid $625 million of the principal amount, leaving an outstanding balance of $424 million on the principal loan amount. The source of this loan and the details of the repayment are documented in the NNPCL’s financial statement for the year ended December 31, 2023, under the section titled “Financing of investment…