Category: Business
Nigerian govt approves metering contract for 187 crude oil flow stations
The Nigerian Government has approved the award of a contract to meter 187 crude oil flow stations in the Niger Delta region by the Nigerian…
Dangote Refinery looks to Brazil for crude oil import amid challenge in Nigeria
The 650,000 barrel-per-day Dangote refinery has sought crude oil import from Brazil amid the product availability challenge in Nigeria.This is according to a recent report…
Naira ends week on negative note
The naira depreciated against the dollar at the foreign exchange market to end the week on a negative note. According to FMDQ data, the naira…
Nigerian senators reject bill seeking to reduce CBN’s regulatory power on FX market
Nigerian senators have rejected a bill seeking to amend the Foreign Exchange Act of 2004 expected to reduce the regulatory function of the Central Bank…
Cardoso blames Nigeria’s rising inflation on N27trn, N10trn CBN borrowing by past govt
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has said Nigeria’s economy is currently suffering from the consequences of wasteful N27 trillion…
Flutterwave, Dangote Group, others named in Milken Institute’s Africa Leaders Business Council
The Milken Institute has announced the establishment of its Africa Leaders Business Council, appointing top Nigerian companies including tech gaint Flutterwave and the Dangote Group.An…
Only three of 22 airports viable in Nigeria – FAAN
The Federal Airports Authority of Nigeria, FAAN, has said only three of Nigeria’s 22 international and domestic airports are profitable.The Managing Director of FAAN, Olubunmi…
Concerns as NNPCL seeks fresh $2bn crude-for-cash loan amid fuel scarcity
The Nigerian National Petroleum Company Limited, NNPCL, is planning to secure a fresh $2 billion oil-backed prepayment loan amid fuel scarcity in the country.This is…
FG suspends food imports duty, partners states on farming
• Govt launches five-month duty free import window for maize, rice, wheat, others • FG to partner govs, military to cultivate arable lands, support smallholder…
Logistics challenges, flooding cause of Fuel Queues
…as NNPC, stakeholders vow to restore normalcy The NNPC Ltd wishes to state that the fuel queues seen in the FCT and some parts of…