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NNPC, Dangote sign 10-year gas supply deal to boost domestic production
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and…
Govt’s Support for Dangote Refinery will Encourage Further Investments in Downstream – MAN
Manufacturers Association of Nigeria (MAN) have solicited the support of both Nigerians and the government for Dangote Refinery, to…
Wema Bank Honored at Global Retail Banking Innovation Awards 2024
… Receives Best SME Bank in Nigeria and Excellence in Digital Innovation Awards Wema Bank, recognized…
Nigeria In Talks With Saudi Arabia For $5Billion Trade Facility
Nigeria is seeking a $5 billion trade facility from Saudi Arabia to boost its economic reform program. This development comes after President Bola Tinubu met with Crown Prince Mohammed bin Salman in Riyadh, on the…
BREAKING: Multichoice Nigeria loses 243,000 subscribers in 6 months, blames economy
Multichoice Group, the South African Pay-TV operator, has revealed that its Nigerian unit, Multichoice Nigeria lost 243,000 subscribers across its DStv and GOtv services in the six months spanning April to September this…
Oil Cabals crippled Govt Refineries, now working against Dangote Refinery – Pastor Adeboye
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has urged Nigerians to pray for divine intervention in…
Lagos govt to concession Red and Blue Line rails for sustainability, loan repayment
The Lagos State Government has revealed plans to concession the operations of the Red and Blue Line rail systems to the private sector to ensure their sustainability and repay loans taken for the rail projects. The…
Value of unsold goods rises 357.6% to N1.24trn — MAN
The declining purchasing power of consumers has led to a 357.57 per cent rise in the inventory of unsold finished products of manufacturers in Nigeria to N1.24 trillion in the second half of 2024 (H1’24) compared to…
Proposed tax reforms exempt minimum wage earners from PAYE, says Taiwo Oyedele
Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, says workers earning the new minimum wage or slightly more…
Guinness Nigeria increases prices of products, cites ‘prevailing economic realities’
Guinness Nigeria, a major beverage maker, has announced an upward review in the prices of some products. In a memo dated November 8,…
Starlink suspends new subscriptions as Internet demand soars
Internet company, Starlink, has temporarily halted new sign-ups in several African cities due to overwhelming demand. The billionaire businessman Elon Musk confirmed in a tweet on X (formerly Twitter) sighted on…
NNPCL ends N24tn fuel import, buys from Dangote refinery
The Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief…
BREAKING: IPMAN, Dangote reach agreement on direct petrol supply
The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press…
NDIC to auction defunct Heritage Bank’s landed assets next month
The Nigeria Deposit Insurance Corporation (NDIC) is set to commence the auction of landed properties and chattels belonging to the defunct Heritage Bank, starting Wednesday, December 4, 2024. This initiative is part of…
Fuel price: Dangote refinery still buys crude in dollars – Economist Emmanuel
A renowned economist, Kelvin Emmanuel, has said the Nigerian government has not effectively implemented a Naira-for-crude deal with Dangote Refinery.…
Fitch projects FX rate to increase to N1,993/$ by 2028
Fitch Solutions, a financial intelligence service provider, has predicted that the naira would slide to as low as N1,993 per dollar in 2028, severely impacting Nigeria’s pharmaceutical industry to import medical…
Cost of Cement Rises to N8,800 Amid Skyrocketing Building Material Prices
The cost of building materials in Nigeria has risen sharply, exacerbating the country’s already dire housing crisis and threatening to undermine the government’s efforts to provide affordable homes for citizens. As of…
Bitcoin trades above $80,000 — first time in history
Bitcoin, the world’s most valuable cryptocurrency, surged to over $80,000 for the first time on Sunday. On Wednesday, Bitcoin price cros $75,000, the same day Donald Trump, a Republican Party candidate, won…
Dangote named most tax complaint business organizations by FIRS
...Company, subsidiaries win big at FIRS, FMDQ awards It was a season of award at the weekend for the Dangote…
Businesses Will Suffer, Economy Would Retrogress If States Collect VAT – Oyedele
The Chairman of the Presidential Tax Reform Committee, Mr. Taiwo Oyedele, has raised the alarm that businesses will suffer while the economy would…
Comptroller Olomu leads Apapa Customs to record over N1.8trn revenue
The Apapa Area One Command of the Nigeria Customs Service (NCS) announced Monday that it has collected over N1.8 trillion in…
FX appetite drives up mutual funds assets by 81.5 % to N3.5trn
The obsession for foreign currency, specifically the US Dollar, has driven investors towards dollar denominated financial assets in the mutual funds segment…
South Africa, seven countries queue to lift Dangote refinery fuel
The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, Saturday PUNCH can confirm. A highly credible source, who confirmed this exclusively to one of our…
FCMB Offers ₦30 Million Clean Energy Loans for Homes and SMEs
First City Monument Bank (FCMB) has boosted it’s energy finance loan, offering up to ₦30 million to help Nigerian households and small businesses…