National Lottery Regulatory Commission Lauded for Economic Contributions
The Minister of Special Duties and Inter-governmental Affairs, Zaphaniah Jisalo, has praised the National Lottery Regulatory Commission (NLRC) for its…
Category: Business
NGX Proposes Amendments to Trading License Holders’ Rules
The Nigerian Exchange Limited (NGX) has announced proposed amendments to the rules governing trading license holders, focusing on block divestment…
EKEDC Warns Against Fraud as Free STS-2 Meter Upgrade Sparks Consumer Concerns
The Eko Electricity Distribution Company (EKEDC) has reiterated that the ongoing upgrade of electricity meters to the STS-2 platform is…
Nigeria’s First AfCFTA Shipment to Kenya Marks Major Step for Intra-African Trade
Nigeria has achieved a milestone in African trade by facilitating its first shipment to Kenya under the African Continental Free…
Unilever Nigeria Reports Strong Growth in Q3 2024, Driven by Increased Turnover and Profit
Unilever Nigeria Plc has reported impressive financial results for the third quarter ending on September 30, 2024 (Q3’24), showcasing substantial…
Naira Depreciation Amid Rising Dollar Turnover in Nigerian Forex Market
The Nigerian Foreign Exchange Market (NAFEM) experienced a significant surge in dollar turnover in October 2024, increasing by an impressive…
IPMAN: Dangote Refinery in Ongoing Negotiations Amid Fresh Petrol Supply Controversy
As discussions continue over the potential lifting of petrol from Dangote Refinery, the Independent Petroleum Marketers Association of Nigeria (IPMAN)…
Dangote Cement Backs Tinubu’s CNG Initiative with Major Investment in Clean Fuel Technology
In a show of support for President Bola Tinubu’s Compressed Natural Gas (CNG) Initiative, Dangote Cement Plc has invested over…
Naira in Crisis: Depreciation Deepens as Supply Shortages and Demand Surge Pressure Exchange Rates
The Nigerian Naira is under intense pressure as its value against the U.S. dollar continues to decline, hitting N1,740 per…
ExxonMobil Moves Forward with $1.28 Billion Sale to Seplat Energy: Government Approves Major Deal
ExxonMobil is set to finalize the sale of its shares in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc…
Microsoft to Launch Autonomous AI Agents for Businesses
Technology giant Microsoft has unveiled exciting new capabilities that will allow businesses to build and manage autonomous Artificial Intelligence (AI)…
Aradel Holdings Plc Listing Adds N3.1 Trillion to Nigerian Exchange Market Capitalization
The Nigerian capital market has witnessed a major boost following the listing of Aradel Holdings Plc on the Nigerian Exchange…
Adedeji Adeleke Opens Up About Overcoming Obstacles in Securing $2 Billion Power Plant Permit
Adedeji Adeleke, a prominent Nigerian businessman and father of award-winning musician Davido, recently shared a compelling story of perseverance and…
Shell Insists It’s Staying in Nigeria Amid Onshore Divestments
Despite Shell’s ongoing divestment of onshore assets in Nigeria, the Managing Director of Shell Petroleum Development Company and Chair of…
Cement Sector Thrives Amid Economic Challenges: A Financial Surge for Nigerian Producers
Despite the challenging economic landscape marked by inflation, foreign exchange volatility, and declining consumer purchasing power, Nigeria’s cement producers are…
World Bank Approves $1.57 Billion to Boost Nigeria’s Health Sector
In a significant move to enhance the health sector in Nigeria, the World Bank has approved three new financing packages…
Abuja Traders Warn Against Planned Protests: “Our Businesses Will Not Be Victimized”
As tensions rise over the planned protests dubbed “Fearless in October,” traders, marketers, and shop owners across the six Area…
OPEC Warns of Market Shifts Due to Dangote and Dos Bocas Refineries
The Organization of Petroleum Exporting Countries (OPEC) has cautioned that the upcoming operational launches of Nigeria’s Dangote refinery and Mexico’s…
Tensions Rise as Dangote Refinery Officials Oppose Fuel Imports
In a heated development within Nigeria’s oil sector, domestic crude oil refiners, along with officials from the Dangote Petroleum Refinery,…
Tinubu: Nigeria’s Economy Shows Resilience with 6.60% Increase in Trade Surplus
Confidence in Economic Reforms President Tinubu has expressed confidence in the economic reforms his administration is pursuing, believing they will…
NNPC Ltd to Reopen Purchasing Portal After Clearing Petrol Order Backlog
The Nigerian National Petroleum Company Limited (NNPC Ltd) has temporarily shut down its purchasing portal due to a significant backlog…
FG Signs $1bn Iron Ore Deal With China
The Federal Government has signed a $1bn iron ore steel deal project with China. This was revealed in a statement…
NANS Ready To Meet Tinubu, Dialogues With Dangote, Oil Marketers, Lokpobiri
The leadership of the National Association of Nigerian Students (NANS) has said it is ready to meet with President Bola…
NNPCL: Dangote Refinery free to sell petrol directly to marketers
The Nigerian National Petroleum Company Ltd (NNPCL) has said Dangote Refinery and other domestic refiners are “free to sell directly…
Only Nigerians With NIN To Benefit As FG Begins Sale Of ₦40,000/bag Rice
The Federal Government has said only public servants with duly registered National Identification Numbers (NIN) will be allowed to purchase…
Banks’ borrowing from CBN falls 76% to N4trn
Banks borrowing from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, fell by 76.4 percent month-on-month, MoM, to N4.04…
China woes dampen Asian stock market optimism
Asian markets were mixed Monday, with optimism over an expected US interest rate cut offset by worries over the Chinese…
BUA Cement’s Revenue Surged To N460bn In 2023
The management of BUA Cement Plc has announced an increase in net revenue of N460 billion in 2023, a 27.4…
Oando’s acquisition: Product of 10 years of hard work, resilience – Wale Tinubu
The Group Chief Executive, Oando Group, Jubril Adewale Tinubu, has attributed the acquisition of 100 per cent of the shareholding…
Court To Hear Money Laundering Case Against Binance Next Week
The Federal High Court will hear the money laundering case against crypto exchange Binance and two of its executives next…