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Category: Business
Dangote reveals two biggest problems to industrialisation in Nigeria
Africa’s richest man and billionaire, Aliko Dangote, has revealed that unstable electricity supply and inconsistencies in government policies have remained major problem for industrialisation in…
World Bank to approve $2.2bn loan for Nigeria in 2025
The World Bank has approved a total of $2.2 billion in new loans for the Federal Government of Nigeria in 2025. According to the World…
BREAKING: Dangote reduces petrol price to N860/litre
Dangote Petroleum Refinery on Wednesday, announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly referred to as petrol, by N65.00….
N100bn bridging claims: PETROAN urges members to avoid shutdown, seek dialogue
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has urged its members to refrain from shutting down operations over unpaid bridging claims and instead…
NNPC fails to remit N13.7tn into Federation account
The Nigerian National Petroleum Company Limited (NNPCL) has failed to remit N13.763 trillion in revenue to the Federation account. This is according to a document…
CBN probes 19.7 million dormant bank accounts
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement…
Dangote, NNPCL refineries not supplying 50% local fuel demand –FG
Despite having a combined refining capacity of 985,000 barrels per day, the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has disclosed…
‘Prices of Spaghetti, flour dropped’ – Nigerian govt tells traders to reduce food cost
Nigeria’s federal government has told retailers to reduce food prices and shunned exploiting consumers amid January’s drop in the inflation rate to 24.48 per cent….
NNPCL has not imported petrol in 2025 — Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company, NNPC, has clarified that the company has not imported a single litre of Premium…
Nigerian Govt slams Binance with fresh $81.5bn lawsuit
The Federal Government has asked an Abuja Federal High Court to compel cryptocurrency platform, Binance, to pay N79.51 billion and N231 million, which is equivalent…