Business

The Federal Government will, on or before Friday, announce the result of the $500 million domestic dollar bond recently offered to the Nigerian public. A source close to the deal disclosed this to BusinessDay under…

…Promises no more importation of polypropylene as from October For the first time, Nigerians will gain a clear…

Billionaire businessman and Chairman of Geregu Power PLC, Mr. Femi Otedola, has hailed his friend and President of the Dangote Group, Alhaji Aliko Dangote, for rolling out petroleum product from his refinery.…

Oando Plc has warned individuals and entities against spreading false information about the Nigerian Agip Oil Company (NAOC) transaction. In a…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Dangote refinery will supply 25 million litres of fuel daily in September. The agency said this following the commencement of petrol…

The price of Premium Motor Spirit (PMS) in Kano has jacked up to N1,200 across some filling stations as the Nigerian National Petroleum Company Limited (NNPCL) outlets adjusted pump price to N904 per litre.…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has finalized an agreement with the Nigerian National Petroleum Corporation (NNPC) Limited to sell crude oil to Dangote refinery in local…

Aliko Dangote, the Chairman of Dangote group, has disclosed that the 650,000 bpd refinery will ensure availability Premium Motor Spirit (PMS), also known as petrol, in Nigeria. Dangote made this promise while…

Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, says the committee is proposing a law to the National Assembly to increase valued added tax from the current 7.5% to 10%. Oyedele stated…

The Dangote Petroleum Refinery has confirmed the production of petrol at its facility located in Lagos State.  Speaking Monday while featuring on Brekete Family live show, Devakumar Edwin, Vice President of Oil…

The Federal government has dismissed viral reports suggesting that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1000, above the approved pump price. The report claimed that the Minister of State for Oil…

The chairman of the presidential committee on fiscal policy, Taiwo Oyedele, has revealed that the committee has proposed to the federal government…

The dollar index remained near its weekly high, while the Nigerian naira fell below a key support line. The local currency dropped below the N1,600/$ support level in the black market. Market fundamentals indicate…

The Nigerian National Petroleum Company (NNPC) Limited is set to become the “initial exclusive buyer” of products from the Dangote Refinery as the 650,000 barrel per day plant begins processing of premium motor…

…Dangote to come on stream The premium motor spirit (PMS), also known as petrol, is expected to sell at N1,300 per…

First City Monument Bank (FCMB) has introduced HERccelerate, a tech accelerator program designed to empower and support women-led tech…

…Misses September 1 deadline If you think getting a $1.5bn cheque for producing nothing is virtually daydreaming, you haven’t met Nigeria’s Port Harcourt refinery. So much of Nigeria’s resources have been…

Former MTN Group CEO Raymond Sifiso Dabengwa has died this morning after a battle with cancer, his family has confirmed. Dabengwa served as CEO of MTN until his departure due to challenges in Nigeria, the company’s…

The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, otherwise known as petrol, The PUNCH can report authoritatively. This is coming a few days after the 650,000-capacity refinery…

A US federal court has ordered a Nigerian businessman, who last year sought to buy the English football club Sheffield United, to pay more than $250mn in fines and barred him from serving as a director of a public…

The 2023 Peoples Democratic Party presidential candidate, Atiku Abubakar, has called on President Bola Tinubu’s administration to promptly list the Nigerian National Petroleum Corporation Limited on the Nigeria…

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has sacked the Executive management of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). A source at the…

Nneka Enwereji has succeeded Ireti Samuel-Ogbu as the Managing Director/Chief Executive Officer of Citibank Nigeria Limited. In a statement on Thursday, the bank said the appointment took effect on…

A report from the Central Bank of Nigeria has warned of more financial strain for Nigerians, according to The Punch. The Punch said the report noted that more Nigerians may rely on borrowing to cover…