The temporary Bamboo app downtime during IPO occurred when retail investor demand soared beyond ten times normal levels within minutes of the Dangote Refinery public offer going live. Chief Executive Officer Richmond Bassey confirmed that user traffic quickly overwhelmed the…
The planned nationwide edible oil tanker drivers strike has been officially suspended following direct intervention from the Federal Government and the Department of State Services. Scheduled to begin on September 23, 2026, the industrial action threatened to disrupt essential food…
Central Bank Governor Olayemi Cardoso announced that monetary authorities stand ready to tame rising election liquidity risks in Nigeria. Addressing journalists following the 307th Monetary Policy Committee meeting in Abuja, Cardoso confirmed that the apex bank completed detailed simulations on…
African payment gateway Flutterwave appoints Morounke Olufemi as CFO to direct its international financial trajectory and accelerate long-term expansion. She succeeds outgoing finance head Mitesh Popat, who stepped down after two years to launch an enterprise media venture. Olufemi previously…
African payments firm Flutterwave appoints Morounke Olufemi as CFO to lead its global financial operations into a new phase of expansion. The executive step-up follows the planned departure of former Citi banker Mitesh Popat, who stepped down to launch a…
Addressing election liquidity risks in Nigeria has become a top priority for monetary authorities as political activities pick up momentum. Central Bank of Nigeria Governor Olayemi Cardoso confirmed that the apex bank is fully prepared to manage heavy political spending…
Monetary authorities have made addressing election liquidity risks in Nigeria a primary focus as political spending ramps up across the country. Central Bank of Nigeria Governor Olayemi Cardoso confirmed that the apex bank is fully prepared to manage potential financial surges ahead of…
The Federal Government has announced plans to hold a consultative meeting with refiners, depot owners, marketers, and retailers on Tuesday in a bid to find common ground on the competitive pricing of fuel and other petroleum products in the interest…
Dangote Refinery has reduced the price of Premium Motor Spirit (PMS) at its gantry from N1,350 to N1,325 per litre as crude oil prices continued to decline on Monday. A market survey by DAILY POST showed that the 700,000-barrel-per-day refinery…
Aliko Dangote, founder of the Dangote Group and Africa’s richest man, has confirmed that the group plans to list its fertiliser business on the stock exchange in 2028. He also acknowledged calls from new Nigerian shareholders for a “board meeting.”…
Dangote Petroleum Refinery has reassured prospective investors that a decline in crude oil prices amid the ongoing US-Iran war will not immediately affect its profitability. Devakumar Edwin, Vice President of Dangote Industries Limited, gave the assurance on Friday amid concerns…
Global oil prices took a hit on Thursday, sliding from a high of $108 per barrel as tensions between Saudi Arabia and Iran-backed Houthi fighters continue to heat up in the Middle East. This latest development has once again put…
Following Uber’s departure from Nigeria, ride-hailing company Bolt has recorded a 92 per cent weekly increase in driver registrations as drivers seek alternative platforms to earn income. The Estonian mobility company, which has operated in Nigeria since 2016, disclosed the…
Aliko Dangote, Chairman of Dangote Group, has said having a son to inherit his business empire is not a priority, stressing that his three daughters can lead the company. In an interview with ARISE News on Tuesday, Dangote said he…
The Nigerian National Petroleum Company Limited (NNPCL) has increased petrol pump price. A market survey conducted on Tuesday revealed that most NNPCL retail outlets in Abuja and surrounding areas have adjusted their prices to between N1,395 and N1,430 per litre,…
