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Category: Business
Dangote refinery ranked above 10 biggest European refineries
A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe.According to data compiled by the…
Air Peace to begin Abuja-London flights
Nigerian airline operator Air Peace will commence its Abuja-London route very soon.This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, on…
NNPC blames logistics for worsening fuel queues
The queues for Premium Motor Spirit, popularly called petrol, grew worse in Abuja and neighbouring Nasarawa and Niger states on Thursday, as the Nigerian National…
Forex: MTN, Glo, others seek NCC nod for tariff hike
Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff.The…
FULL LIST: Multichoice hikes DStv, GOtv prices
Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria four months after its last increment. The company reviewed prices in its…
Only seven banks can meet CBN recapitalisation requirements – Report
No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it…
Reps To Summon Dangote, BUA, Others Over Rising Cement Prices
The House of Representatives has mandated its Committees on Solid Minerals Development, Commerce, Industry and Special Duties to investigate the arbitrary increase in the price…
Nigeria’s agric exports facing rejections overseas – WTO DG
The World Trade Organisation says Nigeria has lost its leading position in the agriculture export markets because its agricultural commodities do not meet the sanitary…
FG begins talks with aircraft lessors
The Federal Government has said it is currently discussing with aircraft leasing and manufacturing companies in a move to stimulate local investments in the country’s…
MTN Nigeria incurs N740 billion in forex losses, shareholders funds wiped out
MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion a year earlier. The losses resulted in…