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Category: Business
Dangote Refinery announces fresh date to commence fuel supply in Nigeria
Dangote Refinery has announced July 10–15, 2025, as the new date to commence supply of Premium Motor Spirit (fuel) to the Nigerian market.The President of…
FAAC revenue drops by N9.6bn as three tiers of Nigerian govt share N1.1tn in May
The Federation Accounts Allocation Committee revenue dropped by N9.604 billion as Nigerian Federal, state and local governments shared N1.143 trillion in May 2024.The communiqué showed…
States work on total electricity subsidy removal, new tariff
State governments are getting set to eliminate electricity subsidies in their territories as more states gear up to join others in running their different power…
Sallah: Ram traders lament low patronage amidst high prices
As the countdown to Sallah festivities narrows, ram sellers across the country are currently grappling with a disturbing trend of low patronage.Their voices showed frustration…
CBN probe: Tinubu, Cardoso’s anti-corruption drive yielding results — Analyst
A Lagos-based public affairs analyst and writer, Gbenga Ibrahim has commended President Bola Tinubu and CBN President Yemi Cardoso, for driving change through the ongoing…
Nigeria records trade surplus as export surges in Q1 2024
Nigeria recorded a trade surplus in the first quarter of 2024 as exports rose to N19,167.40 billion while imports stood at N12,643.23 in the first…
Nigeria’s FX reserve rises to $32.8bn after 10-week
After a 10-week dip of $1.8bn, Nigeria’s foreign exchange reserve has shown a steady increase over the past six days, indicating a recovery process for…
Nigeria’s GDP per capita to hit $1,120 in five years – IMF
The International Monetary Fund has predicted that Nigeria’s Gross Domestic Product per capita will reach $1,120.67 by 2029.This is according to the Washington-based IMF analysis…
Why Dangote Refinery can’t get enough crude supply from IOCs in Nigeria – LCCI
The Lagos State Chamber of Commerce and Industry has blamed oil theft and vandalization of pipelines for the poor supply of crude to Dangote Refinery…
Naira depreciates against dollar to end week on a negative note
The Naira depreciated against the Dollar on Friday at the foreign exchange market to end the week on a negative note.FMDQ data showed that the…