BUSINESS
‘Fuel Price Fall Predicted As Port Harcourt Refinery Begins Operation’
Stakeholders in the downstream petroleum sub-sector drawn from the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) and the Petroleum Products Retail Outlet Owners Association of Nige ...
Nigeria’s stock market remains bullish as ASI ups by 0.33%
Despite the turbulence facing Nigeria’s economy, the Nigerian Exchange Limited equity market on Tuesday maintained a bullish trend, bringing the benchmark indices up by 0.33 percent, t ...
Nigerian Fintech Unveils ePOS System For Seamless Transaction
With the Nigerian economy demanding rapid and hassle-free payment processing, Tingo Mobile has unveiled electronic Point-of-Sale (ePOS), to revolutionise financial transactions in Nigeria. ...
Petrol Prices To Fall With PH Refinery Restart In January – Stakeholders
Stakeholders in the Downstream Petroleum sub-sector, drawn from the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) and the Petroleum Products Retail Outlet Owners Association of Nig ...
Fuel price will soon collapse – Stakeholders
Stakeholders in the Downstream Petroleum sub-sector have assured Nigerians of a significant reduction in the pump price of fuel, indicating optimism that the ongoing crises in the ener ...
Govt targets dollars in Nigerians’ hands to address FX shortage – Minister
The Minister of Finance, Olawale Edun, has disclosed that the federal government is targeting foreign exchange outside the banking sector to address the liquidity crisis in the FX mark ...
Cash shortage: Calabar PoS operators increase charges by 100%
Point of Sale, PoS, operators in Calabar, Cross River State, have increased their charges by 100 per cent for all transactions following the paucity of naira notes in the state.
LEADERSHIP Awards: Seplat Energy Plc Is Oil & Gas Company Of The Year 2023
Seplat Energy PLC, is a foremost indigenous oil company in Nigeria. The company is the operator of five oil blocks: OMLs 4, 38 & 41, OML 53 and OML 40. ...
Apex Bank Suspends Cashless Charges As Scarcity Spreads
Amidst a growing scarcity of cash and empty ATMs across the country, the Central Bank Of Nigeria (CBN) has suspended the charges on the cashless policy, allowing individuals and corporates to depo ...
Webmark Group Gives Back To Society, Urges Nigerians To Invest In Land-banking
An Abuja-based real estate firm, Webmark Group, has given back to society through its customers and subscribers, urging Nigerians to rather invest their money in Land-banking to avoid uncertainty ...
Naira Scacity: CBN Suspends Cashless Policy Charges
Amidst a growing scarcity of cash and empty ATMs across the country, the Central Bank Of Nigeria (CBN) has suspended the charges on the cashless policy, allowing individuals and corporate ...
Nigerian govt targeting reduction of tax – Finance minister
The Minister of Finance, Wale Edun has stated that the government is not seeking to increase the tax rate. The minister stated this on Monday while appearing before ...
Dangote Refinery fixes date to commence diesel, JetA1 production
After several failed commencement dates, the Dangote Petroleum Refinery says it will kick-start producing Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel in Januar ...
Nigeria’s external reserves fall by $520m in five weeks
Nigeria’s external reserves fell by $520.22 million in five weeks, figures from the Central Bank of Nigeria revealed. According to CBN’s data on movement in reserves ...
CBN gives update on Naira scarcity
The Central Bank of Nigeria, CBN, has said enough Naira notes are in circulation amid reports of scarcity of banknotes. In a statement issued by the Corporate Commun ...
SERAP Asks NNPCL To Disclose Nigeria’s Daily Oil Production, Exports
Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information request to the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele ...
How To Apply For N50,000 Federal Govt Grants, Loans For Nano Business
The Federal Government of Nigeria under the supervision of the Federal Ministry of Industry, Trade and Investment, is rolling out two initiatives – the Presidential Conditional Grant Programme &am ...
Fidelity, others make list of most capitalized banks in Q3 2023
Leading financial institution, Fidelity Bank has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article ...
321,867 Nigerian small businesses received $1.4 funding in six years – World Bank
The World Bank says at least 321,867 Nigerian small businesses received $1.4 billion in funding in six years. The Washington-based development bank disclosed this in ...
Africa Risks $25bn Annual Loss, Trade Constrains With EU Carbon Border Adjustment
President of the African Development Bank(AfDB), Akinwumi Adesina, has raised serious concerns over the introduction of the Carbon Border Adjustment Mechanism (CBAM), by the European Union(EU).
Shell To Boost Natural Gas Production With $1bn Investments
Oil major, Shell sees a $5 billion opportunity in Nigeria’s offshore Bonga North oil project and has pledged to spend another $1B within the next 10 years to boost natural gas production for domes ...
REA, NASENI Seal $150m Lithium Battery Manufacturing Deal With Chinese Investor
As the global community converges for COP 28 in Dubai, the Rural Electrification Agency (REA) of Nigeria and the National Agency for Science and Engineering Infrastructure (NASENI) are pois ...
Nigeria’s Earnings From Crude Threatens, As Shale Oil Revival Strengthen
Rebounding oil prices, increasing exploration activities and a more strategic approach from shale oil producers in the United States (US) are reopening 2014 scars for Nigeria and some of the ...
Stellantis warns thousands in US of potential job cuts
More than 1,200 workers at Stellantis' Ohio factory were notified of potential job cuts. Photo: Sarah Rice / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/File ...
IPMAN Lauds Dangote Refinery Crude Delivery, Calls for Port Harcourt Privatization
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has applauded the Nigerian National Petroleum Company Limited (NNPCL) for supplying one million barrels of crude to Dangote Refin ...
Dangote Refinery Receives 1 Million Barrels Of Crude Oil
The Dangote oil refinery in Lagos, Nigeria, has received its first shipment of 1 million barrels of crude oil, marking a major milestone for the facility and bringing it closer to full operation. ...
Dangote refinery gets one million barrels of crude, expects NNPCL’s cargo in weeks
The Dangote Petroleum Refinery and Petrochemicals 650,000 barrels per day plant in Nigeria has purchased one million barrels of Agbami crude grade from Shell International Trading and ...
Traders Lose N13bn Weekly To Lolo Border Closure – Association
Association of Freight Forwarding Practitioners of Nigeria (AFFPON) and other stakeholders have lamented the loss of N13 billion weekly due to the closure of the Lolo border along Maje/I ...
Competition key for growth of telecom sector – NCC boss, Maida
The Executive Vice Chairman (EVC) of the Nigeria Communications Commission, Dr Aminu Maida, has said competition is key to the healthy growth of the telecoms sector.
Naira scarcity hits Abuja as ATMs fail to dispense cash
Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas. No fewer than seven commercial ba ...