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By allcitynews.ng Years after viewing and conclusively described Nigerian oil and gas as unworkable, the same Economist Intelligence Unit (EIU) has described Dangote Refinery and Petroleum Chemical as life-wire that would redeem Nigeria from years of  dependence from imported oil. The EIU which had described Nigeria’s downstream petroleum sector before the coming up  of  Dangote Rrefinery as “long dysfunctional”, noting that the country had remained almost entirely dependent on costly imported fuel while producing nearly 1.5 million barrels of crude oil daily  has claimed that w ith the operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly reducing the country’s dependence on imported refined petroleum products and strengthening its external position, according to the Economist Intelligence Unit (EIU). In its latest assessment on Nigeria’s fuel...

  By allcitynews.ng Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to youth leadership development, talent grooming and stronger collaboration between academia and industry through the Executive Industry Immersion Challenge (EIIC) organised in partnership with Nile University of Nigeria. The four-day immersion programme, held at the Corporation’s headquarters in Abuja, brought together students of the executive MBA programme of the Nile Business School for intensive exposure to practical aspects of corporate governance, policy formulation and public sector management. Speaking during the opening ceremony, the Managing Director and Chief Executive Officer of the NDIC, Thompson Oludare Sunday, described the initiative as a strategic response to the growing disconnect between classroom learning and the realities of the modern workplace. He noted that the rapidly changing global business environment demands professionals who not only possess theoretica...

  By allcitynews.ng  The Nigeria Deposit Insurance Corporation (NDIC) has announced its readiness to keep strengthening its Deposit Insurance Funds (DIFs) as part of efforts to promote the stability and resilience of the nation’s financial system. The Managing Director/Chief Executive of the Corporation, Mr. Thompson Oludare Sunday, stated this during a courtesy visit to the Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, in Abuja. Mr. Sunday explained that the need to build strong Deposit Insurance Funds is critical to enhancing the Corporation’s capacity to respond effectively to potential systemic crises in the banking sector without relying on government intervention. He noted that while financial crises may be inevitable, the NDIC has consistently prioritised robust DIFs as a key component of its contingency planning and crisis preparedness framework. According to him, this strategic approach enabled the Corporation to commence payments to depo...

By allcitynews.ng  With genuine intention to win war against malnutrition and all its side effects, through creating shared value, and equip futuremakers at all ages, Nestlé has finally stormed Nigerian markets with Nestlé For Good' campaign. Reiterating the commitment of Nestlé towards continuous production of life-boosting food that would build lives of all ages but with special focus on children, young adults, nursing mothers and pregnant women, Nestlé apart from production of  food intends pruning manutrition. With aim of bridging the gap between junk foods especially when millions of Nigerians are facing worsening  economic hardship, rising living  costs, and policies that have  deepened inequality, Nestlé is determined to curb food production that would add more value to both adults and children. Through targeted interventions anchored on innovation, skills development and enterprise  support Nestlé is continually shifting the narrative of healthcare ...

  By allcitynews.ng  The Finance and Business Online Publishers Association (FiBOP) has announced its  readiness to hold the 3rd edition of its Youth Capacity Building and Empowerment Programme. The aim is to enrich participants with a specialized masterclass on Artificial Intelligence and Digital Skills for Senior Secondary School students in Lagos State. The programme, themed “Digital Skills, Artificial Intelligence, Online Safety, Insurance, and Financial Literacy for Nigerian Youth”, will hold on Thursday, June 4, 2026, at the Lagos Chamber of Commerce and Industry, LCCI Conference Centre, Ikeja. A key highlight of this year’s edition is an intensive masterclass session led by a leading AI specialist. The session is designed to give the students practical, hands-on exposure on how Artificial Intelligence works, its real-world applications, and the career opportunities that can it can generate in present day Nigeria and globally.  The masterclass, according to the...

By allcitynews.ng  Organised writers, in print, television, radio and online, covering the banking and other financial institutions, under the  umbrella of Finance Correspondents Association of Nigeria (FICAN) has finally broken the jinks surrounding the leadership by electing the first female, Bukola Aro-Lambo of LEADERSHIP Newspapers as first female chairman after 36 years of existence. Aro-Lambo was elected as first female chairman in the history of FICAN is thereby marking a significant milestone for the association and financial journalism in the country. Other elected exco mmembers are Tony Chukwuyem of New Telegraph as the Vice Chairman while Abiola Ismail of MITV, was elected as the General Secretary. Others elected include Ebere Obike-Franklin of Radio Nigeria as Assistant General Secretary, Salamatu Ejembe of the Voice of Nigeria (VON) as Financial Secretary, and Comfort Ekeleme of Champion Newspapers as Treasurer. The emergence of Bukola Aro-Lambo of LEADERSHIP News...