Business

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…

Opposition to the imposition of a 70 per cent foreign exchange windfall tax on commercial banks rose yesterday with stakeholders asking the federal government to reconsider the tax. They asked President Bola…

… Rice price could drop to N70,000 by September The naira will recover from N1,700 to N1,500 in September, as the 50-basis point hike in interest rate is expected to boost Foreign Portfolio Investment…

Eni says it has received regulatory approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of Nigerian Agip Oil Company Limited (NAOC Ltd) to Oando Plc. In a statement on…

Shareholders have strongly defended Africa's foremost industrialist, Aliko Dangote over the on-going petroleum product…

Nigerians spent $38.17 million on foreign education expenses between January and March 2024. This is according to data from the quarterly statistical bulletin of the Central Bank of Nigeria (CBN) for the first…

First City Monument Bank (FCMB) is addressing gender inequality in Nigeria's business sector with its SheVentures…

Video streaming platform, Netflix, has once again increased its subscription prices in Nigeria with its Premium Plan going up by 40% to 7,000 from N5,000 per month. The latest price increment makes it the second price…

The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has stated that dormant accounts in Nigeria are more susceptible to fraudsters in Nigeria and the reason for the Central Bank of Nigeria (CBN)…

Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to 62.7 million this July.    This was revealed by the Nigeria Inter-Bank Settlement System (NIBSS) in its…

…Creates bad waves for Nigeria globally- Adesina Imagine interviewing in a company, and you get to know at the last stage of the interview that current employees of the company are unhappy, citing unpaid…

Some prominent Nigerians yesterday added their voices to the groundswell of support for President of…

President Brice Oligui Nguema of Gabon has invited Africa’s wealthiest man, Aliko Dangote, to invest in his country. According to Dangote Industries Limited, the billionaire was asked to explore investment…

President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote…

The senate has passed a bill seeking to impose a one-time windfall tax on banks for foreign exchange (forex) gains. The bill was passed by the upper legislative chamber on Tuesday after Sani Musa, chair of the finance…

Nigerian billionaire, Femi Otedola, has called for support for Aliko Dangote, the CEO of Dangote Refinery, amid the ongoing disputes with national oil regulators.  In a series of X posts (formerly Twitter) on Tuesday,…

The House of Representatives has called for the suspension of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) pending conclusive investigations into the allegations…