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Shoppers In Lagos’ Open Markets To Buy Nylon Bags By Year-End
By the end of 2025, sellers in open markets scattered over Lagos will stop giving out free polythene bags, otherwise…
Solar panel import ban may trigger 150% price surge, worsen energy cost crisis
• Nigeria awaits 1,531MW plants • Fear over cartel as oil majors may control $50b market Nigeria…
Manufacturers Battle For Suvival As Energy Cost Rises
Nigerian manufacturers have lamented over the rising cost of energy, which they said, now gulped about 40 per cent of the production cost. This is just as the Manufacturers’ total expenditure on alternative energy…
BUA Cement three-month revenue hits N290.8bn
BUA Cement Plc has reported a revenue of N290.8bn for the three months ended March 31, 2025, representing an increase of 80.5 per cent compared to N161.1bn recorded in the corresponding period of 2024. The unaudited…
Dangote Cement posts N209.2bn profit in Q1
Dangote Cement Plc recorded a profit after tax of N209.2bn for the first quarter ended 31 March 2025, representing an increase of 85.7 per cent compared to the N112.7bn recorded in the corresponding period of 2024.…
50kg rice price dropped to N58,000 in Nigeria — Report
The price of a 50kg bag of rice has dropped to N58,000 in some parts of Nigeria, particularly around remote areas, amid imports from the Republic of Benin, a report by S&P Global has said. The report said…
Supreme Court Overturns N22trn Judgment Against Union Bank
The Supreme Court has overturned a 2014 Federal High Court judgment that awarded more than N22 trillion against Union Bank and other parties. The case arose from a suit filed by Visana Nigeria Limited, which claimed…
Dangote Shares Food To Victims Of Fire Disaster
…Feeds 60,000 Families In Taraba, Jigawa Victims of inferno, physically challenge and poor families are some of the beneficiaries of the Aliko…
Unsold 92m barrels of crude puts Nigeria’s N19.6trn oil revenue at risk
Nigeria’s oil sector, the lifeblood of its economy, is grappling with a burgeoning crisis as a staggering 92 million barrels of crude oil, slated…
World Bank appointment: I’m honoured, says Dangote
The President and Chief Executive of the Dangote Group, Aliko Dangote, has expressed gratitude over his appointment to the World Bank’s Private Sector Investment Lab, a body tasked with boosting investment and…
Why kerosene is scarce — PETROAN, IPMAN
Some petroleum marketers under the aegis of the Petroleum Retailers Outlet Owners Association of Nigeria and Independent…
‘Lesotho makes jeans but doesn’t sell in Africa’ — Okonjo-Iweala bemoans weak intra-regional trade
Ngozi Okonjo-Iweala, the director-general of the World Trade Organisation, says Africa needs to strengthen intra-regional trade and be more self-reliant in the face of reciprocal tariffs. Okonjo-Iweala spoke to…
EFCC Declares Cbex Promoters Wanted
The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted over the alleged investment fraud perpetrated on Crypto Bridge Exchange (CBEX), a trading platform. The four suspects are…
Grain Hoarders Face Massive Losses Over Declining Prices
Grain hoarders across Niger State are biting their fingers following the continuous crash in the prices of grains and other foodstuffs. Weekend Trust gathered that some traders took millions of naira in loans from…
BREAKING: Tribunal upholds FCCPC’s $220m fine against Meta
—-FCCPC hailed for landmark victory as Tribunal affirms consumer protection mandate In a significant victory for Nigerian consumers,…
FG hauls N29bn from new fintech tax
...As EMTL jumps 57% in 12 months The federal government has made N79.93 billion from the Electronic Money Transfer Levy (EMTL)…
Nigeria suffers third defeat in $380m NLNG case in London
Nigeria’s bid to overturn a $380m award to oil trading firms Glencore and Vitol was unanimously rejected on 16 April…
Nigeria’s EFCC investigates Aisha Achimugu for $150m fraud
A Nigerian businesswoman who made national headlines last year for throwing a seven-day birthday party at the $132,000 per night Calivigny…
World Bank appoints Aliko Dangote to elite group
The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a…
Court Orders Arrest Of CBEX Promoters
A Federal High Court in Abuja has ordered the arrest of six Crypto Bridge Exchange (CBEX) promoters over investment fraud. Justice Emeka Nwite gave the order following an ex parte application filed by the Economic and…
NEC approves new textile Dev Board, $90B agribusiness, livestock strategy
— “We’re architects of a sustainable future, not mere responders to crises” – VP Shettima The National Economic Council (NEC) has approved the establishment of a Cotton, Textile and Garment Development…
Broaden subsidy reforms with fiscal discipline – IMF tells FG
…Sees Nigeria spending 4.5% more than revenue in 2025 The International Monetary Fund (IMF) has underscored the critical need for countries, including Nigeria, to strengthen their fiscal positions, highlighting…
EU fines Apple and Meta €700m, risking Trump fury
The EU on Wednesday slapped Apple and Meta with 700 million euros in fines for breaking digital competition rules, risking the wrath of US President Donald Trump. The penalties threaten to cause more tension in the…
IOCs Bypass Direct Crude Supply To Dangote Refinery, Others
International Oil Companies (IOCs) operating in Nigeria continue to bypass direct crude supply to local refineries, even as the country grapples with an estimated 60 million barrels of stranded crude oil. This ongoing…