Akewusolaf Blog

Business

Refinery: We’ll ask Dangote to sell forex at good rate, Emefiele

With the Dangote Refinery set to deliver its first products in July, the governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, said yesterday that the refinery would be persuaded to sell foreign…

Lake Chad oil well to yield 943m barrels as Buhari flags off exploration

President Muhammadu Buhari flagged off the resumption of drilling in the well on Tuesday. Joining the spud-in ceremony virtually at the Wadi-B oil well drilling in Tuba community, Jere LGA, Buhari said although the exploration…

I will soon start earning revenue that is higher than Ghana’s GDP from all my companies, Dangote

Aliko Dangote the Chairman of Dangote Group has said that his plans is to shore up his total revenue above the size of Ghana’s GDP by the time his factories begin to work in full…

Nigeria’s Dangote Oil Refinery set to be comissioned on May 22

Nigeria’s giant Dangote oil refinery is set for commissioning on May 22, according to an invitation from the company. President Muhammadu Buhari, who leaves office a week later after serving two four-year terms, will perform…
  • December 25, 2022

Nigeria targets $1.1 billion revenue from new NIMASA projects

As stated in a statement released by the Infrastructure Concession Regulatory Commission (ICRC), the Federal Executive Council has approved three public-private partnership projects to be carried out by the Nigerian Maritime Administration and Safety Agency…
  • December 24, 2022

Third Party vehicle insurance now N15,000, NAICOM

Starting in January 2023, the minimum annual premium for Third Party insurance for motorists will increase from N5,000 to N15,000. This increase was mandated by the National Insurance Commission (NAICOM). Approval is communicated to the…
  • December 10, 2022

Withdrawal Limit: Godwin Emefiele going beyond CBN mandate, House member

House of Representatives member for Benue Gwer East/Gwer West, Mark Gbillah, has spoken out against the increased withdrawal restriction, calling it “very punitive” from the Central Bank of Nigeria (CBN). This was discussed in an interview Gbillah…

Digital Currency: eNaira transactions top N8 billion, CBN

The Central Bank of Nigeria (CBN), has said, as of October 2022, the eNaira app had processed digital transactions totalling about N8 billion. Akewusolaf Blog recall that on October 25, 2021, President Muhammadu Buhari administration…

Withdrawal Limit: Mobile money operators reject CBN directives

Mobile money providers and the customers of organised banks have voiced their disagreement with the new limits on withdrawals issued by the Central Bank of Nigeria (CBN). They claim the bank intends to put them…

Nigeria to tax bitcoin, other digital assets, Minister

The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said that a provision to tax bitcoin and other digital assets will be included in the 2022 finance bill. At an extraordinary virtual meeting on Thursday,…