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Category: Business
Naira Undervalued, Inflation To Drop To 21.4% In 2024 – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has declared that the Nigerian naira is undervalued, promising to expedite the discovery of…
CBN To Hold First MPC Meeting Under Cardoso In February
The Central Bank of Nigeria (CBN) says its Monetary Policy Committee will hold its first meeting under the tenure of Mr. Olayemi Cardoso as Governor…
Dangote refinery begins diesel, aviation fuel production
Dangote Petroleum Refinery has commenced the production of diesel and aviation fuel. However, the refinery has yet to produce Petroleum Motor Spirit, otherwise known as…
Council plans subsidised foodstuffs for residents
The Orile-Agege Local Council Development Area of Lagos State says the second batch of the distribution of subsidised food items to the underprivileged will commence…
Dangote ranks second best performing Sub-Saharan African company
Dangote Group has emerged as the second-best performing company in Sub-Saharan Africa in 2023. In a report compiled by African Financials, the business consultancy firm,…
ShopRite to cease operation in Kano from January 2024
Shoprite Mall has announced its intention to cease operation in its Kano branch, Northwest Nigeria from January 14, 2024. This was contained in a circular…
NNPCL not transparent on subsidy, dollar revenues – W’Bank
The Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal, the World Bank has disclosed. This extends to…
CBN says banks now responsible for loans recovery, suspends applications
The Central Bank of Nigeria, CBN, has suspended applications for new loans under its development finance intervention funds. Also, banks are now responsible for recovering…
Shell Eyes $6bn In Nigeria Offshore, Gas Investments
Oil giant Shell sees $6 billion in investment opportunities in Nigeria, especially in offshore, gas and liquefied natural gas (LNG) projects, the country’s presidency said…
Dangote plans local supply, receives one million barrels of crude
The management of Dangote Refinery has confirmed receiving the maiden one million barrels crude cargo. The Prime had earlier reported that the crude was discharged…