Banks have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN...
… Exports 20m Litres Surplus In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals will supply between 60 and 65...
When President Bola Tinubu signed Executive Order 9 directing that oil and gas revenues flow directly into the Federation Account, bypassing layers of deductions by the...
Dangote Refinery has targeted Africa’s detergent chemicals landscape, with a move to capture access to an estimated $85.6 billion market with an ambitious Linear Alkyl Benzene...
Nigerian National Petroleum Company (NNPC) Limited is delivering its best financial results in years, with profits climbing steadily and revenue expanding at double-digit rates. However, findings...
A Nigerian tax tribunal has upheld a N410m late-returns penalty against Oando Deepwater Exploration Nigeria, rejecting the company’s argument that it was not obliged to file...
Nigerian billionaire businessman Muhammadu Indimi is making frantic efforts to prevent his company accounts from being debited after the Federal High Court ordered that his firm,...
Tottenham Hotspur are facing a serious financial setback after reports emerged that one of their major sponsors will end its partnership with the club. The development...
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate (MPR) from 27 percent to 26.5 percent. Olayemi...
Diverting key revenue streams from the Nigerian National Petroleum Company (NNPC), a sweeping executive order by President Bola Tinubu has rattled Nigeria‘s industry, igniting concerns over...