Business

The Police Special Fraud Unit, Milverton Road, Ikoyi, Lagos State has arrested Ikeocha Daniel Kelechi and Sylvester…

Critical operators in the clearing and forwarding industry in Nigeria are worried over the persistent volatility in foreign exchange rates and multiple dues at the port of entries. Besides, the operators, citing…

The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has urged the Federal Government to back the Dangote Petroleum Refinery & Petrochemicals and other domestic refineries to end the reliance…

The Lagos State Government has revoked all existing building permits for ongoing projects across the state and mandated builders to reapply for validation.   This decision was announced by Dr. Olajide Babatunde, the Special Adviser to…

The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has risen to N1601.84/$ on the back of recent depreciation of the naira.   This is coming on the heels of the naira trading at a…

The Nigerian National  Petroleum Company Limited, (NNPCL)  has been accused of supplying insufficient crude oil to the refinery. The Chief Commercial Officer of Dangote Industries Limited, Rabiu A. Umar, told…

Yam sellers at Yan Doya, a popular market in Kaduna, have been lamenting low patronage because of high cost of yam which goes for as high as N10,000 per tuber. Traders say 100 yam tubers will cost a…

The Central Bank of Nigeria (CBN) says it has sold foreign currencies worth $148 million in the Nigerian foreign exchange market (NFEM) to authorised dealer banks. In a statement on Friday, CBN said the foreign exchange (FX) was sold…

•They are beneficiaries of subsidy payments and also working against the revival of other refineries so that fuel importation will continue•Read between the lines and take action STAKEHOLDERS of the South-South have called on President…

The Naira on Friday depreciated to N1,610 per dollar in the parallel market from N1,580 per dollar on Thursday. Similarly, the Naira yesterday depreciated to N1,609.29 per dollar in the Nigerian Autonomous…

For Dr Reuben Abati, “President Tinubu must wade into the matter. The midstream and downstream regulatory authority is giving his administration a bad name and embarrassment. That’s why I said it’s an image issue…

Netizens have urged the federal government to ensure the success of the Dangote refinery project. The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, and Nigeria’s regulatory authorities…

The name Aliko Dangote does not require a key, either smart or analogue, to open the doors to most of the 54 African countries. The industrialist, who has been Africa’s richest man for years, has ventured…

The Northern Elders Forum (NEF) has warned government officials and other Nigerians against attacking the Dangote Refinery and its…

Minister of finance and coordinating minister of the economy, Wale Edun, has revealed that the federal government in the next four weeks will begin the first issuance of its dollar-denominated security of $500…

Transcorp Power Plc (Transcorp Power), one of the power subsidiaries of the Transcorp Group, recorded a revenue of N135.4 billion in Half-Year (H1) 2024, representing a 142 per cent year-on-year (YoY) growth from…

The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that his company secured a total of $2.7 billion in loans from the Central Bank between 2013 to 2023 to finance the refinery.  …

Dangote Cement Plc posted a pre-tax profit of N293 billion in the 2024 half-year, reflecting a 22% year-on-year growth from the N239.9 billion posted in H1 2023.   The group posted a revenue of N1.76 trillion…

•NPA records 4.3% dip in ship call•Container traffic declines 1.2%•Gross tonnage increased by 6.9% The number of vehicles imported into the country fell sharply by 60.4 per cent, year-on-year, YoY, to 10,991…

The Osun and Delta states’ tax authorities have fined Google Nigeria and Meta Platforms Inc. $150 million and $200 million, respectively, for alleged non-remittance of withholding tax. The fine is specifically for…

Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn due to theft, vandalism, and other criminal activities, the House of Representatives declared on…

Nigeria’s importation of petroleum from Malta has skyrocketed by 342 percent, amounting to $2.8 billion in 2023, a development amidst the ongoing rift between the Dangote Group and the Nigerian National Petroleum…

The Federal Competition and Consumer Protection Commission (FCCPC) says the British American Tobacco Nigeria (BATN) Limited…

Rabiu Kwankwaso, presidential candidate of the New Nigeria Peoples Party (NNPP) in the 2023 elections, says the federal government should ensure the success of the Dangote refinery project. The refinery has…