The Minister of States for Petroleum Resources, Dr. Ibe Kachikwu, and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, have disagreed over the actual number of refineries approved so far by the current administration.
Renowned Kano businessman, philanthropist, leader of Islam’s Tijjaniyya movement in Nigeria and patriarch of the famed Isyaku Rabiu Family, Khalifa Sheikh Isyaku Rabiu has passed on yesterday in a London Hospital.
As we gradually move towards the close of the great age of oil, with the newer and brisk strides in the development of alternative energies, this bodes much disconcerting fortunes for mono-cultural economies like Nigeria, whose lifelines have hinged on oil receipts in the past several decades.
These proceeds have, traditionally, not only accounted for over 80 percent of total income earnings, but also about 95 percent of foreign exchange accretions to the State. Hence,
Diamond Bank Plc (“Diamond Bank”) – Nigeria’s fastest growing retail bank – is to sell its UK banking operations, Diamond Bank UK, in order to focus on Nigeria and its significant retail banking opportunity.
A House of Representatives ad-hoc committee on Central Bank of Nigeria (CBN) Intervention Fund yesterday summoned the former Managing Director of Arik Air, Mr Johnson Ikedi Arumeme and his Ecobank counterpart, Mr Charles Kie to clarify issues on the alleged diversion of over N2 trillion intervention funds for