Chike Olisah, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Sat, 05 Jul 2025 09:14:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Chike Olisah, Author at Nairametrics 32 32 201037849 CBN Recapitalization: BDC operators eye acquisitions, takeovers to meet N2 billion requirement  https://nairametrics.com/2025/07/05/cbn-recapitalization-bdc-operators-eye-acquisitions-takeovers-to-meet-n2-billion-requirement/ https://nairametrics.com/2025/07/05/cbn-recapitalization-bdc-operators-eye-acquisitions-takeovers-to-meet-n2-billion-requirement/#respond Sat, 05 Jul 2025 09:14:22 +0000 https://nairametrics.com/?p=518515 Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have hinted at the possibility of mergers, acquisitions, and takeovers by their members to meet the new capital requirement set by the Central Bank of Nigeria (CBN). 

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]]> https://nairametrics.com/2025/07/05/cbn-recapitalization-bdc-operators-eye-acquisitions-takeovers-to-meet-n2-billion-requirement/feed/ 0 518515 NCAA grounds Rano Air aircraft after mid-air engine failure, fire scare https://nairametrics.com/2025/06/30/ncaa-grounds-rano-air-aircraft-after-mid-air-engine-failure-fire-scare/ https://nairametrics.com/2025/06/30/ncaa-grounds-rano-air-aircraft-after-mid-air-engine-failure-fire-scare/#respond Mon, 30 Jun 2025 14:18:34 +0000 https://nairametrics.com/?p=518165 The Nigeria Civil Aviation Authority (NCAA) has grounded a Rano Air aircraft after it experienced engine failure mid-air and a fire scare.

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]]> https://nairametrics.com/2025/06/30/ncaa-grounds-rano-air-aircraft-after-mid-air-engine-failure-fire-scare/feed/ 0 518165 US Soybean trade boosts Nigeria’s protein supply and economic growth https://nairametrics.com/2025/06/30/us-soybean-trade-boosts-nigerias-protein-supply-and-economic-growth/ https://nairametrics.com/2025/06/30/us-soybean-trade-boosts-nigerias-protein-supply-and-economic-growth/#respond Mon, 30 Jun 2025 10:38:14 +0000 https://nairametrics.com/?p=518147 The U.S. Soybean Export Council (USSEC) and the U.S. Mission in Nigeria are partnering with Nigerian companies to meet the country’s protein gap.

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]]> https://nairametrics.com/2025/06/30/us-soybean-trade-boosts-nigerias-protein-supply-and-economic-growth/feed/ 0 518147 Dangote’s petrol distribution to save Nigerians N1.7 trillion annually, to boost 42 million MSMEs https://nairametrics.com/2025/06/30/dangotes-petrol-distribution-to-save-nigerians-n1-7-trillion-annually-boost-42-million-msmes/ https://nairametrics.com/2025/06/30/dangotes-petrol-distribution-to-save-nigerians-n1-7-trillion-annually-boost-42-million-msmes/#respond Mon, 30 Jun 2025 04:50:03 +0000 https://nairametrics.com/?p=518129 Dangote Petroleum Refinery has revealed that its N720 billion investment in its landmark nationwide petroleum products distribution initiative will save Nigerians over N1.7 trillion annually. This disclosure is contained in a statement issued by the Dangote Group on Sunday, June 30, 2025, where it provided an update on the refinery’s investment in 4,000 Compressed Natural […]

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]]> https://nairametrics.com/2025/06/30/dangotes-petrol-distribution-to-save-nigerians-n1-7-trillion-annually-boost-42-million-msmes/feed/ 0 518129 NNPC raises alarm over internal, external sabotage amid push for accountability and reform https://nairametrics.com/2025/06/27/nnpc-raises-alarm-over-internal-external-sabotage-amid-push-for-accountability-and-reform/ https://nairametrics.com/2025/06/27/nnpc-raises-alarm-over-internal-external-sabotage-amid-push-for-accountability-and-reform/#comments Fri, 27 Jun 2025 14:13:29 +0000 https://nairametrics.com/?p=517984 The new leadership of the Nigerian National Petroleum Company (NNPC) Limited has raised the alarm over the activities of some saboteurs within and outside various levels of the organisation who feel threatened by reform, transparency, accountability, and change in Nigeria’s foremost energy firm.

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]]> https://nairametrics.com/2025/06/27/nnpc-raises-alarm-over-internal-external-sabotage-amid-push-for-accountability-and-reform/feed/ 1 517984 Implementation of 4 new tax laws to start on January 1, 2026 – FIRS Chairman https://nairametrics.com/2025/06/26/implementation-of-4-new-tax-laws-to-start-on-january-1-2026-firs-chairman/ https://nairametrics.com/2025/06/26/implementation-of-4-new-tax-laws-to-start-on-january-1-2026-firs-chairman/#respond Thu, 26 Jun 2025 16:54:51 +0000 https://nairametrics.com/?p=517917 The Executive Chairman of the Federal Inland Revenue Service (FIRS), which will now be known as the National Revenue Service (NRS), Zacch Adedeji, has announced that the newly signed four tax reform bills will take effect on January 1, 2026.

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]]> https://nairametrics.com/2025/06/26/implementation-of-4-new-tax-laws-to-start-on-january-1-2026-firs-chairman/feed/ 0 517917 Shell Nigeria Country Chair, Osagie Okunbor, retires after 39 Years, Marno de Jong takes over https://nairametrics.com/2025/06/25/shell-nigeria-country-chair-osagie-okunbor-retires-after-39-years-marno-de-jong-takes-over/ https://nairametrics.com/2025/06/25/shell-nigeria-country-chair-osagie-okunbor-retires-after-39-years-marno-de-jong-takes-over/#respond Wed, 25 Jun 2025 15:04:30 +0000 https://nairametrics.com/?p=517860 The Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Mr Osagie Okunbor, is set to retire this month after 39 years of service with the energy giant.

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]]> https://nairametrics.com/2025/06/25/shell-nigeria-country-chair-osagie-okunbor-retires-after-39-years-marno-de-jong-takes-over/feed/ 0 517860 Forex volatility: BDC operators reveal over 90% of dollar liquidity is off the books https://nairametrics.com/2025/06/25/forex-volatility-bdc-operators-reveal-over-90-of-dollar-liquidity-is-off-the-books/ https://nairametrics.com/2025/06/25/forex-volatility-bdc-operators-reveal-over-90-of-dollar-liquidity-is-off-the-books/#respond Wed, 25 Jun 2025 06:37:38 +0000 https://nairametrics.com/?p=517828 Bureau De Change (BDC) operators have insisted that there is an extremely large amount of foreign exchange liquidity in the system that is unaccounted for.

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]]> https://nairametrics.com/2025/06/25/forex-volatility-bdc-operators-reveal-over-90-of-dollar-liquidity-is-off-the-books/feed/ 0 517828 President Tinubu launches 2,000 tractors in Nigeria’s largest agricultural mechanization drive https://nairametrics.com/2025/06/23/president-tinubu-launches-2000-tractors-in-nigerias-largest-agricultural-mechanization-drive/ https://nairametrics.com/2025/06/23/president-tinubu-launches-2000-tractors-in-nigerias-largest-agricultural-mechanization-drive/#respond Mon, 23 Jun 2025 15:30:38 +0000 https://nairametrics.com/?p=517721 President Bola Ahmed Tinubu has launched 2,000 tractors under the Renewed Hope Agriculture Mechanization Programme (HEDA).

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]]> https://nairametrics.com/2025/06/23/president-tinubu-launches-2000-tractors-in-nigerias-largest-agricultural-mechanization-drive/feed/ 0 517721 Fidelity Bank denies bribery allegation against MD, clarifies N5 billion bail bond https://nairametrics.com/2025/06/17/fidelity-bank-denies-bribery-allegation-against-md-clarifies-n5-billion-bail-bond/ https://nairametrics.com/2025/06/17/fidelity-bank-denies-bribery-allegation-against-md-clarifies-n5-billion-bail-bond/#respond Tue, 17 Jun 2025 15:41:50 +0000 https://nairametrics.com/?p=517369 Fidelity Bank has denied reports that its Managing Director (MD) and Chief Executive Officer (CEO), Dr. Nneka Onyeali-Ikpe, allegedly paid a bribe of N5 billion to avoid detention by the police.

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]]> https://nairametrics.com/2025/06/17/fidelity-bank-denies-bribery-allegation-against-md-clarifies-n5-billion-bail-bond/feed/ 0 517369 FCMB reassures investors on forbearance loans, outlines plan to sustain dividends https://nairametrics.com/2025/06/17/fcmb-reassures-investors-on-forbearance-loans-outlines-plan-to-sustain-dividends/ https://nairametrics.com/2025/06/17/fcmb-reassures-investors-on-forbearance-loans-outlines-plan-to-sustain-dividends/#respond Tue, 17 Jun 2025 04:04:20 +0000 https://nairametrics.com/?p=517317 FCMB said its group-level earnings are sufficiently diversified to withstand temporary restrictions on dividend payments from the banking arm.

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]]> https://nairametrics.com/2025/06/17/fcmb-reassures-investors-on-forbearance-loans-outlines-plan-to-sustain-dividends/feed/ 0 517317 Nigeria’s crude oil export falls by over 16% to N12.95 trillion in Q1 2025 https://nairametrics.com/2025/06/15/nigerias-crude-oil-export-falls-by-over-16-to-n12-95-trillion-in-q1-2025/ https://nairametrics.com/2025/06/15/nigerias-crude-oil-export-falls-by-over-16-to-n12-95-trillion-in-q1-2025/#respond Sun, 15 Jun 2025 12:25:33 +0000 https://nairametrics.com/?p=517225 Nigeria’s crude oil producers exported approximately N12.96 trillion worth of the product in the first quarter (Q1) of 2025, amid reports that some local refiners were experiencing difficulties in assessing crude oil for their operations. This represents a N2.53 trillion or 16.34% drop when compared to the N15.49 trillion worth of crude oil that was […]

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]]> https://nairametrics.com/2025/06/15/nigerias-crude-oil-export-falls-by-over-16-to-n12-95-trillion-in-q1-2025/feed/ 0 517225 CBN suspends dividends, bonuses, and foreign investments for banks under regulatory forbearance  https://nairametrics.com/2025/06/14/cbn-suspends-dividends-bonuses-and-foreign-investments-for-banks-under-regulatory-forbearance/ https://nairametrics.com/2025/06/14/cbn-suspends-dividends-bonuses-and-foreign-investments-for-banks-under-regulatory-forbearance/#comments Sat, 14 Jun 2025 04:57:37 +0000 https://nairametrics.com/?p=517184 The Central Bank of Nigeria (CBN) has issued a fresh directive instructing banks operating under regulatory forbearance to suspend dividend payments, defer bonuses for executives, and halt investments in foreign subsidiaries or offshore ventures. 

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]]> https://nairametrics.com/2025/06/14/cbn-suspends-dividends-bonuses-and-foreign-investments-for-banks-under-regulatory-forbearance/feed/ 1 517184 SanlamAllianz begins operations in Nigeria to boost insurance and financial services access https://nairametrics.com/2025/06/10/sanlamallianz-begins-operations-in-nigeria-to-boost-insurance-and-financial-services-access/ https://nairametrics.com/2025/06/10/sanlamallianz-begins-operations-in-nigeria-to-boost-insurance-and-financial-services-access/#respond Tue, 10 Jun 2025 13:59:58 +0000 https://nairametrics.com/?p=516983 SanlamAllianz has officially launched its operations in Nigeria, marking a significant step toward improving access to insurance and financial services in the country.

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]]> https://nairametrics.com/2025/06/10/sanlamallianz-begins-operations-in-nigeria-to-boost-insurance-and-financial-services-access/feed/ 0 516983 Dangote names road to its mega petroleum refinery after President Tinubu https://nairametrics.com/2025/06/06/dangote-names-road-to-its-mega-petroleum-refinery-after-president-tinubu/ https://nairametrics.com/2025/06/06/dangote-names-road-to-its-mega-petroleum-refinery-after-president-tinubu/#respond Fri, 06 Jun 2025 15:20:30 +0000 https://nairametrics.com/?p=516822 The Chairman of the Dangote Group, Aliko Dangote, has announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named after President Bola Ahmed Tinubu in honour of his contribution to the project.

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]]> https://nairametrics.com/2025/06/06/dangote-names-road-to-its-mega-petroleum-refinery-after-president-tinubu/feed/ 0 516822 Lagos raises alarm over dangerous occupation of uncompleted buildings, vows enforcement https://nairametrics.com/2025/06/04/lagos-raises-alarm-over-dangerous-occupation-of-uncompleted-buildings-vows-enforcement/ https://nairametrics.com/2025/06/04/lagos-raises-alarm-over-dangerous-occupation-of-uncompleted-buildings-vows-enforcement/#respond Wed, 04 Jun 2025 13:48:23 +0000 https://nairametrics.com/?p=516675 The Lagos State Government, through the Lagos State Physical Planning Permit Authority (LASPPPA), has raised concerns over the increasing trend of residents and occupants living in buildings that are still under construction.

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]]> https://nairametrics.com/2025/06/04/lagos-raises-alarm-over-dangerous-occupation-of-uncompleted-buildings-vows-enforcement/feed/ 0 516675 ABCON says June 3 recapitalization deadline for BDC operators remains unchanged https://nairametrics.com/2025/06/03/abcon-says-june-3-recapitalization-deadline-for-bdc-operators-remains-unchanged/ https://nairametrics.com/2025/06/03/abcon-says-june-3-recapitalization-deadline-for-bdc-operators-remains-unchanged/#respond Tue, 03 Jun 2025 18:10:27 +0000 https://nairametrics.com/?p=516622 Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) say that the Central Bank of Nigeria’s (CBN) June 3 recapitalisation deadline for its members remains sacrosanct.

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]]> https://nairametrics.com/2025/06/03/abcon-says-june-3-recapitalization-deadline-for-bdc-operators-remains-unchanged/feed/ 0 516622 Imo State rises as gas powerhouse as ANOH plant commences production in July 2025 https://nairametrics.com/2025/05/31/imo-state-rises-as-gas-powerhouse-as-anoh-plant-commences-production-in-july-2025/ https://nairametrics.com/2025/05/31/imo-state-rises-as-gas-powerhouse-as-anoh-plant-commences-production-in-july-2025/#respond Sat, 31 May 2025 15:15:46 +0000 https://nairametrics.com/?p=516442 Imo State is poised to become one of the country's largest gas producers with the commencement of production from the ANOH gas plant in July 2025.

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]]> https://nairametrics.com/2025/05/31/imo-state-rises-as-gas-powerhouse-as-anoh-plant-commences-production-in-july-2025/feed/ 0 516442 TotalEnergies exits Bonga Oilfield, sells stake to Shell for $510 million https://nairametrics.com/2025/05/29/totalenergies-exits-bonga-oilfield-sells-stake-to-shell-for-510-million/ https://nairametrics.com/2025/05/29/totalenergies-exits-bonga-oilfield-sells-stake-to-shell-for-510-million/#respond Thu, 29 May 2025 13:36:18 +0000 https://nairametrics.com/?p=516302 French oil giant TotalEnergies has announced that its Nigerian subsidiary has agreed to sell its non-operated 12.5% interest in the OML118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd (SNEPCo).

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]]> https://nairametrics.com/2025/05/29/totalenergies-exits-bonga-oilfield-sells-stake-to-shell-for-510-million/feed/ 0 516302 Lagos spent N8.5 billion on festivals, events in one year – Commissioner https://nairametrics.com/2025/05/28/lagos-spent-n8-5-billion-on-festivals-events-in-one-year-commissioner/ https://nairametrics.com/2025/05/28/lagos-spent-n8-5-billion-on-festivals-events-in-one-year-commissioner/#respond Wed, 28 May 2025 16:43:07 +0000 https://nairametrics.com/?p=516216 The Lagos State Government has revealed that it spent about N8.5 billion to sponsor over 143 festivals and events within the past year.

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]]> https://nairametrics.com/2025/05/28/lagos-spent-n8-5-billion-on-festivals-events-in-one-year-commissioner/feed/ 0 516216