NDIC LIST: HERITAGE BANK AND OTHER ASSETS  FOR SALE.

NDIC LIST: HERITAGE BANK AND OTHER ASSETS FOR SALE.

The Nigeria Deposit Insurance Corporation, acting as the liquidator of Heritage Bank, has listed the bank’s head office in Lagos and its branches nationwide for sale. The Nigeria Deposit Insurance Corporation (NDIC) announced the sale of 48 Heritage Bank properties and various chattel, including vehicles, office equipment, plants, and machinery at 62 locations nationwide. The […]

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 THE CBN GUARANTEES DEPOSITORS’ FUNDS ARE SAFE, DECLARES NO PLANS TO LIQUIDATE MORE BANKS.

THE CBN GUARANTEES DEPOSITORS’ FUNDS ARE SAFE, DECLARES NO PLANS TO LIQUIDATE MORE BANKS.

In response to concerns about the stability of certain Nigerian banks following the revocation of Heritage Bank Plc’s license, the Central Bank of Nigeria (CBN) has reaffirmed to the banking public the safety of their deposits and the resilience of the banking system. “Despite the ongoing recapitalization process, I want to reaffirm that the Nigerian […]

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 MERCIPORT ENERGY PROMOTES CLEAN COOKING THROUGH MEDIA CAMPAIGN.

MERCIPORT ENERGY PROMOTES CLEAN COOKING THROUGH MEDIA CAMPAIGN.

Merciport Has Spearheaded Her Commitment to Cleaner Energy Solutions Merciport Energy has committed to empowering one million women with cleaner cooking solutions by 2030. This commitment was recently reaffirmed by the company’s CEO, Rita James, during a social media campaign launched in celebration of this year’s International Women’s Day. James stated, “The campaign underscores our […]

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 Dangote Refinery: postponed the start of petrol production to mid-July.

Dangote Refinery: postponed the start of petrol production to mid-July.

Aliko Dangote, the President and CEO of the refinery, officially confirmed the revised production timeline during a press briefing at the $20 billion facility in Lagos on Monday. Dangote Refinery, recognized as Africa’s largest oil refinery, has rescheduled the commencement of premium motor spirit (PMS) production, commonly referred to as petrol, from June to mid-July. […]

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 TESCO URGENTLY RECALLS CHOCOLATE BARS OVER CONCERNS OF UNDECLARED PEANUTS POSING ALLERGY RISK.

TESCO URGENTLY RECALLS CHOCOLATE BARS OVER CONCERNS OF UNDECLARED PEANUTS POSING ALLERGY RISK.

A supermarket has issued a recall for its Nutty Nougat Caramel Chocolate Bars Multipack and Dreamy Caramel Chocolate Bars Multipack due to the potential presence of undeclared peanuts. This precautionary measure aims to ensure the safety of consumers who may have peanut allergies. Tesco has issued an urgent recall for two varieties of own-brand chocolate bars […]

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 THE FIRST QUARTER OF 2024, PRIMARY CONCERNS FOR MANUFACTURERS ENCOMPASS FOREIGN EXCHANGE FLUCTUATIONS, CHALLENGES RELATED TO POWER SUPPLY, AND THE PERVASIVE IMPACT OF INFLATION.

THE FIRST QUARTER OF 2024, PRIMARY CONCERNS FOR MANUFACTURERS ENCOMPASS FOREIGN EXCHANGE FLUCTUATIONS, CHALLENGES RELATED TO POWER SUPPLY, AND THE PERVASIVE IMPACT OF INFLATION.

Chief Executive Officers in Nigeria’s Manufacturing Sector Have Identified Foreign Exchange Volatility, Inadequate Power Supply, And High Inflation as The Foremost Challenges They Faced in Their Operations During the First Quarter Of 2024 (Q1’24). The list was based on the Q1’24 Manufacturers CEO Confidence Index (MCCI) survey conducted by the Manufacturers Association of Nigeria (MAN) […]

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