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Category: Business
Marketers distribute 25 million litres Dangote diesel
Independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery in less…
More misery for Nigerians as food inflation rises to 40.66%
Economic hardship in Nigeria has worsened as the country’s food inflation increased to 40.66 percent in May 2024 from 24.82 percent as recorded in the…
Naira depreciates against dollar as FX supply drops
The naira depreciated against the dollar at the foreign exchange market to resume trading after the June 12 Democracy Day celebration as FX turnover transactions…
FG seeks $500m World Bank loan to fix rural roads, food price hike
The Nigerian federal government is seeking a $500 million loan from the World Bank to fix rural roads, improve access to agricultural products nationwide, and…
My refinery will reduce fuel price in Nigeria – Dangote
The Chairman of Dangote Group, Aliko Dangote, has said his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of fuel as…
NDIC lists Heritage Bank’s head office, other assets for sale
The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its…
Nigeria’s economic downturn responsible for decline in DStv subscribers – Multichoice
African Pay-TV operator, Multichoice Group, has blamed Nigeria’s economic challenges for the decline in DStv subscribers.According to Multichoice, active subscribers in the country has reduced…
We’ve repaid $2.4bn of $5.5bn Refinery debt – Dangote
The Chairman of Dangote Group, Aliko Dangote, has revealed that the company has paid off $2.4 billion out of the $5.5 billion loan it took…
Nigeria crude oil production drops to 1.25mbpd – OPEC
Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded in April 2024, according to…
Data breach: FG slams N400m fine on four banks, others
The Nigeria Data Protection Commission has said more than 1000 financial institutions, schools, insurance companies, and consultancy firms are currently undergoing investigations for various degrees…