BUSINESS
Dangote refinery: What Nigerians should expect on fuel price – Retailers
Petroleum product retailers have revealed what Nigerians should expect as fuel prices following the commencement of operations at Dangote refinery. DAILY POST report ...
General Atlantic to acquire Actis, creating a $96 billion diversified investment platform
General Atlantic, a New York-based growth equity firm, plans to acquire Actis, a London-based energy infrastructure investor. The companies inked a definitive ag ...
IHS Towers settles dispute with Wendel
Ni hao, Victoria from Techpoint here, Here's what I've got for you today: IHS Towers settles dispute with Wendel Microsoft and Vodafo ...
Truck Owners Warn Of Looming Crisis
Chairman of the Lagos State Truck and Cargo Operators Committee (LASTCOC), Alhaji Lukman Zangalo, has raised the alarm over a deepening crisis within the rank of transport operators. Zangalo, ...
Shell Exits Nigerias Onshore After 88 Years
Shell Plc has agreed to sell its Nigerian onshore oil and gas subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to a consortium of five companies known as Renai ...
Tin-Can Customs Generates N716bn, Gets N1.130trn Revenue Target
The Tin-Can Island command of the Nigeria Customs Service (NCS), on Tuesday, announced that it generated a whooping N716 billion from goods imported into the country in 2023. Giving details of ...
Wale Tinubu Lauds Dangote Over Refinery
The group chief executive, Oando Group, Adewale Tinubu has congratulated Aliko Dangote, President of Dangote Group over the commencement of production at Dangote Refinery. According to rele ...
Equities Market Extends Bullish Run As Investors Gain N1.82trn
The local equities market extended its bullish streak in yesterdays trading session largely influenced by position taking activities from which investors saw approximately N1.822 trillion in gains ...
Nigeria Remains Focused On Energy Transition Drive – FG
The federal government has restated its resolve to be in tune with the clean energy future by taking measures to develop alternative energy sources through economic diversification into solid mine ...
Dangote Cement, BUA Cement Propel Nigerian Stocks 3.93% Higher
Nigerian equities witnessed a strong rally on Tuesday, with the benchmark index surging 3.93% to close at 87,971.10 points. The positive performance was driven by gains in industrial heavyw ...
US judge blocks JetBlue-Spirit airline merger
A US judge has blocked JetBlue's acquisition of Spirit Airlines. Photo: Patrick T. Fallon / AFP/FileSource: AFPA US federal judge on ...
Shell Announces $2.4bn Sale Of Nigerian Onshore Oil Business
Shell Plc has agreed to sell its Nigerian onshore oil and gas subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to a consortium of five companies known as Ren ...
Shell agrees to sell SPDC, announces plan to exit Nigeria
A leading international oil company, Shell, has agreed to sell its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited, SPDC, to Renaissance, a consorti ...
Oil Giants Secure Approval To Sell Dangote Refinery Fuel, Boosting Industry Momentum
No fewer than seven major oil marketing companies have been selected to sell fuel produced by the $20 billion Dangote Refinery, marking a significant step towards its nationwide distribut ...
Nigerian Fintechs Secure $243m Funding, Trail Egypt, South Africa, Kenya
Nigerias fintech startups amassed $243 million in funding over the past year, marking the lowest among the “Big Four” African nations, according to data from Afridigest, an African data and resear ...
NNPC Seeks Private Firms To Manage Port Harcourt Refinery
The Nigerian National Petroleum Company (NNPC) Limited is in the process of handing over the operations of the Port Harcourt oil refinery to private entities. Minister of State for Petroleum Resou ...
The Nigerian Insurance Industry: the ₦2.3t market and more
The first bank and the first insurance company to start operations in Nigeria only have a little over two decades between their start dates, with the bank as the older one. Despite this, ...
Recapitalisation Wave Forces Coronation Insurance To Favour NGX Delisting
With anticipation of a risk-based capitalisation exercise expected to commence in the insurance industry in the current year, Coronation Insurance Plc is set to delist from the capital market as i ...
Uproar as CBN announces Abuja office decongestion affecting 1,533 staff
There is a growing concern among workers as the Central Bank of Nigeria, CBN, commenced the decongestion of its head office in Abuja, affecting 1,533 staff. A circul ...
Online Trading 101 – Markets, Tips & Brokers
Online trading is booming in Nigeria as its fairly easy to open an account, fund it and start investing. Many start it as a side hustle at ...
Union Pay Licences Chams Switch For International Payment
A Fintech subsidiary of Chams Holdco Plc, Chams Switch has been licensed by Union Pay International to spearhead international payments for UnionPay cards issued by Nigerian banks. A statement ...
Woven Finance fumble: startup denies shutdown after erroneous email
Woven Finance, the Coronation Group-backed fintech startup, has denied shutting down, claiming that an email sent to customers on Wednesday morning informing them of a s ...
Fez sets a new milestone for last-mile delivery in Nigeria as it launches its eco-friendly safe lockers
Fez, a leading last-mile delivery company in Nigeria, marked a significant milestone on Wednesday, January 10, 2024, with the official launch of its automated safe lockers. The event brought ...
Exclusive: How Africa-focused VCs are turning to secondary markets for liquidity lifelines
Africas venture funding boom between 2020 and 2022 gave birth to a bustling market for secondary sales of startup shares. It made early investors, founders and empl ...
Federal Government to use Kano inland dry port to decongest Lagos – Minister
Minister of Trade and Investment Doris Nkiryuka Uzoka Anite has said that the Federal Government will use the Kano inland dry port to decongest Lagos ports for more flow of import and ...
Woven Finance to shut down by Q1 2024
Shalom, Victoria from Techpoint here, Here's what I've got for you today: Woven Finance to shut down by Q1 2024 See ...
Swartz Becomes New Chairman Of Chevron Nigeria
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company (NNPC) Limited and CNL, has appointed Jim Swartz as the chairman and managing director ...
Elon Musk's X tells watchdog it has shed 1,000 'safety' staff
X, formerly known as Twitter, has seen 1,213 "trusty and safety" specialists leave the company since Elon Musk purchased it in October 2022. Photo: Andreas ...
NGX records first losses in 2024 as ASI declines by 1.4%
The Nigerian Exchange Limited recorded a bearish trend in 2024 as the All-Share Index crashed by 1.4 per cent to close at 82,024.38 points from Tuesdays 83,191.84 points.
Naspers boosts Takealot's investment to compete with Amazon
The news Africas largest company by market value, Naspers, is boosting its investment in its online retail platform, Takealot. This news comes two m ...