Business

The Nigerian Democracy Working Group has cautioned government officials against any actions targeting the Dangote Refinery, stressing that such attacks would harm Nigeria’s reputation and deter foreign investors.…

Donald Trump the 45th president of the United States and the current flagbearer for the Republican party in the November presidential elections has pledged to make the US, the crypto capital of the world at…

Aliko Dangote, Africa’s richest man, saw his wealth valuation dip significantly in dollar terms amid the naira devaluation and recent sell-offs in Dangote Cement. The Kano-born billionaire lost $651…

Telecommunications company, 9mobile, on Sunday, announced its acquisition by a new investor, LH Telecoms Limited.   The acquisition of majority shares in the Nigerian telecom company was approved by the…

The National Industrial Court, Lagos Division, has ordered Ecobank Nigeria Limited to pay the sum of N1,086,611,589.11 to 1,742 former employees of the defunct Oceanic Bank. The ex-employees were allegedly…

...Warn IOCs against economic sabotage …Urge FG to end…

Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile, has been acquired by a UK company, LH Telecommunication Limited.  According to a statement issued on Sunday by the…

Nigeria’s total import from Malta rose from zero to about N1.03 trillion in 2023, according to an analysis of the foreign trade statistics reports released by the National Bureau of Statistics (NBS).  …

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…