Business – Naija blog Daily

$3 Billion Refinery Fraud: EFCC Uncovers N80 Billion in Sacked NNPCL MD’s Bank Accounts.

Massive Corruption Uncovered in Port Harcourt, Warri, Kaduna Refineries’ Rehabilitation Funds The Economic and Financial Crimes Commission (EFCC) has launched a major corruption investigation into Nigeria’s multi-billion-dollar refinery rehabilitation projects. Recent findings reveal that over $2.9 billion earmarked for the revamp of the Port Harcourt, Warri, and Kaduna refineries may have been mismanaged, with N80…

Court Rejects Bid to Stop CBN from Using e-Naira Trademark.

Cyril1 day ago1 day ago03 mins

The Federal High Court in Abuja dismissed a request to stop the Central Bank of Nigeria (CBN) from using the e-Naira trademark, ruling in favor of the apex bank in a legal dispute with E-Naira Payment Solutions Limited. Justice James Omotosho, in his ruling, declined to grant an interim injunction that would have restrained the…

GTBank Increases SMS Alert Fee to ₦6 Starting May 1, 2025.

Cyril3 days ago3 days ago03 mins

Guaranty Trust Bank (GTBank) has announced a revision in its SMS transaction alert fee, increasing the charge from ₦4 to ₦6 per message. The new rate will take effect from Thursday, May 1, 2025. In an official message sent to customers on Wednesday, the bank stated: “Dear valued customer, please be informed that effective Thursday,…

EFCC Declares Foreign Crypto Trader Elie Bitar Wanted Over CBEX Fraud.

Cyril3 days ago3 days ago04 mins

The Economic and Financial Crimes Commission (EFCC) has declared a foreign national, Elie Bitar, wanted in connection with a major cryptocurrency fraud scheme linked to the controversial online trading platform, Crypto Bridge Exchange (CBEX). In a public bulletin released Wednesday via EFCC’s official social media channels, the agency alleged that 41-year-old Bitar orchestrated a fraudulent…

JUST IN: NNPC Sacks Top Officials in Major Shake-Up.

Cyril3 days ago3 days ago03 mins

In a sweeping overhaul of its leadership structure, the Nigerian National Petroleum Company Limited (NNPC Ltd) has sacked the Managing Directors of its three major refineries, including those in Port Harcourt, Warri, and Kaduna. The move, confirmed by multiple credible sources within NNPC, is part of a broader restructuring effort spearheaded by the company’s new…

Access Bank Responds to Allegations of Former Staff Secretly Filming Female Colleagues.

Cyril5 days ago5 days ago04 mins

Access Bank has issued an official statement in response to serious allegations that a former Contact Centre agent secretly filmed female colleagues without their consent. In a release shared on Monday, the bank confirmed that the matter has been handed over to the appropriate authorities and assured the public of its full cooperation with ongoing…

NDIC Commences Payment of N46.6 Billion to Defunct Heritage Bank Depositors.

Cyril6 days ago6 days ago04 mins

The Nigeria Deposit Insurance Corporation (NDIC) has officially begun the payment of N46.6 billion in liquidation dividends to depositors of the now-defunct Heritage Bank. This announcement was made on Sunday in a statement by Hawwau Gambo, the Acting Head of Communication and Public Affairs at NDIC. Gambo explained that the funds were generated from the…

SERAP Urges Zuckerberg to Pay $220 Million Fine, Compensate Nigerians Over Meta’s Privacy Violations.

Cyril6 days ago6 days ago04 mins

The Socio-Economic Rights and Accountability Project (SERAP) has called on Meta CEO Mark Zuckerberg to immediately pay the $220 million fine imposed by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC), recently upheld by the Competition and Consumer Protection Tribunal. In a letter signed by SERAP’s Deputy Director, Kolawole Oluwadare, the organization urged Meta Platforms…

Fuel Importers Risk Extinction as Local Refining Gains Momentum – CORAN.

Cyril2 weeks ago2 weeks ago05 mins

The Crude Oil Refinery Owners Association of Nigeria (CORAN) has warned that fuel importers in Nigeria may soon be pushed out of business if they fail to adapt to the growing trend of local crude oil refining. This comes as the Federal Government reinstated the naira-for-crude oil deal, despite opposition from the Depot and Petroleum…

Dangote Refinery Slashes Petrol Prices to N835, Marketers and Importers Face Huge Losses.

Cyril2 weeks ago2 weeks ago05 mins

The Dangote Refinery has announced a significant reduction in its ex-depot petrol price to N835 per litre, shaking up Nigeria’s downstream oil market and sparking concerns among fuel marketers and importers. This marks a N30 drop from its previous rate of N865 per litre and comes just eight days after an earlier reduction, totaling a…

Category: Business

$3 Billion Refinery Fraud: EFCC Uncovers N80 Billion in Sacked NNPCL MD’s Bank Accounts.

Court Rejects Bid to Stop CBN from Using e-Naira Trademark.

GTBank Increases SMS Alert Fee to ₦6 Starting May 1, 2025.

EFCC Declares Foreign Crypto Trader Elie Bitar Wanted Over CBEX Fraud.

JUST IN: NNPC Sacks Top Officials in Major Shake-Up.

Access Bank Responds to Allegations of Former Staff Secretly Filming Female Colleagues.

NDIC Commences Payment of N46.6 Billion to Defunct Heritage Bank Depositors.

SERAP Urges Zuckerberg to Pay $220 Million Fine, Compensate Nigerians Over Meta’s Privacy Violations.

Fuel Importers Risk Extinction as Local Refining Gains Momentum – CORAN.

Dangote Refinery Slashes Petrol Prices to N835, Marketers and Importers Face Huge Losses.

$3 Billion Refinery Fraud: EFCC Uncovers N80 Billion in Sacked NNPCL MD’s Bank Accounts.

Wike Apologises to Tinubu After Rivers Women Walk Out on First Lady at Empowerment Programme.

The Nigerian House Of Reps Summon Benue, Zamfara Governors Over Rising Insecurity.

Resemblance Between Ifeanyi and My New Son Is Scary — Davido Opens Up.