Union Bank Pledges Seamless Service as New Leadership Resumes
It was gathered by Hobnob News reports that the Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing…
Seven Marketers Get Approval To Lift Dangote Fuel
The Seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. According to Hobnob News reports, the seven major oil marketers…
CBN Sacks Boards Of Union Bank, Keystone Bank, Polaris, Titan Trust
Nigeria’s apex bank, the Central Bank of Nigeria has sacked with immediate effect the entire Board of Directors governing Polaris, Titan, Union and Keystone Banks. The decision to sack the heads was taken in a meeting led by the CBN governor, Yemi…
Tinubu Pays Outstanding N12bn Debt To Super Eagles, Others
On sunday, President Bola Tinubu approved the payment of N12 billion, which is a backlog of various debts owed to the nation’s national teams, including the Super Eagles. Apparently, the payment is for members of the national teams, and coaches’…
Dangote Refinery Receives One Million Barrels of Agbami Crude Oil for Test Run
In a press statement released yesterday, Dangote Oil Refining Company announced the delivery of one million barrels of Agbami crude oil to its refinery, marking a major milestone in the preparation for the test running of the plant. The delivery…
CBN Disburses $61m to Foreign Airlines to Settle Mature FX Backlog
The Central Bank of Nigeria (CBN) has announced that it has disbursed a total of $61.64 million to foreign airlines through various Deposit Money Banks (DMBs). This disbursement is said to be in fulfillment of the CBN’s commitment to…
Naira Depreciates to N1,240/$ in Official Market
the Nigerian naira witnessed a depreciation to N1,240 per dollar in the parallel market yesterday, slipping from its previous rate of N1,235 per dollar recorded on Wednesday. This decline has sparked concerns among economists and citizens alike,…
Obazee Report Exposes UBA’s Fraudulent Diversion Of N3.9bn NESI Funds
It was gathered by Hobnob News reports that the Tony Elumelu’s United Bank For Africa fraudulently diverted a princely sum of N3.9 billion NSEI funds, according to the Jim Obazee report on the activities of the Central Bank of Nigeria [CBN] under its…
Preparations in High Gear for Start of Production at Dangote Refinery
The Dangote Refinery, Nigeria’s petrochemical company, is gearing up for the start of production as it recently received its fourth crude shipment of one million barrels of bonny light crude. This shipment was supplied by the Nigeria…
Senate Rebuffs Rubber Stamp Claims, Alters Tinubu Budget Proposal, But Adeheres To His Deadline
In a significant development, the Nigerian Senate has given its nod to an increase of N1.2 trillion in the proposed 2024 budget, elevating the total budget from N27.5 trillion to N28.7 trillion. The alteration rebuffed popular assertions that the…