The U.S. Embassy in Abuja and the U.S. Consulate General in Lagos have transitioned to a new visa services provider. The decision was announced through the Embassy’s official website. It was earlier disclosed that for those with non-immigrant visa interviews scheduled on or before August 16, 2024, no additional action is required; and that individuals […]
Technology ride-hailing firm, Bolt, says it has blocked an undisclosed number of accounts involved in requesting fake rides and cancelling them.The ride-hailing app also restricted inter-country ride requests following an escalation of such requests in Nigeria and South Africa. Early Thursday morning, Nigerians and South Africans’ online debacle took a new dimension after both divides […]
Oando Plc has completed the acquisition of Eni’s subsidiary, Nigerian Agip Oil Company (NAOC), for $783m. The company announced this on Thursday in a statement by its Chief Compliance Officer and Company Secretary, Ayotola Jagun. The deal sees Oando, which is listed on the Nigerian Exchange Limited and Johannesburg Stock Exchange, take ownership of 100 […]
Fidelity Bank has disputed data breach allegations levelled against it by the Nigerian Data Protection Commission (NDPC). In a statement on Wednesday, a spokesman for the bank, Meksley Nwagboh, said no data law was violated to warrant the imposition of a N555.8m by the commission. The NDPC had alleged that the bank violated some customers’ […]
None of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry made payment against the cumulative invoice of $14.19m issued by the market operator for services rendered in the first quarter of 2024. The Nigerian Electricity Regulatory Commission revealed this in a report sighted by our […]
The Nigerian National Petroleum Company (NNPC) Limited says it has repaid 60 percent of the $1.03 billion loan secured to finance its stake acquisition in the Dangote Petroleum Refinery and Petrochemicals (DPRP). According to its audited financial statements for the fiscal year ending December 31, 2023, NNPC said the company has paid $625 million so […]
The National Data Protection Commission has fined Fidelity Bank a total sum of N555.8m for infractions relating to breaches of its customers’ data. The commission’s National Commissioner, Vincent Olatunji, announced this at the Validation Workshop on the Nigeria Data Protection Act General Application and Implementation Directive on Wednesday in Abuja. He stated that the tier […]
Oil producers, under the aegis of the Independent Petroleum Producers Group, have warned against being forced to sell crude oil to the Dangote Petroleum Refinery and other local ones in Nigeria. The IPPG produces about 30 per cent of Nigeria’s crude oil, according to the Nigerian Upstream Petroleum Regulatory Commission. The latest crude oil production […]
Sayyu Dantata, founder and chief executive officer (CEO) of MRS Oil and Gas, has been identified as one of the individuals behind the importation of petroleum products from Malta. Dantata is the half-brother of Aliko Dangote, founder of Dangote Petroleum Refinery, According to Daily Nigerian on Tuesday, based on documents obtained, MRS imported fuel into […]
The Central Bank of Nigeria (CBN) says it recorded remittance inflows of $553 million in July. This is a 130 percent increase from the corresponding period in 2023, the CBN said in a statement on Tuesday, signed by Hakama Sidi Ali, its acting director of corporate communications. The surge in diaspora remittance comes a month […]
