Business Naira crude sale ends 20-year-old opaque supply market Jul 30, 2024 0 The Nigerian government will start selling crude oil in naira to local refineries like Dangote's, ending a!-->…
Local Nestle’s woes continue as pre-tax loss hit N252.5 billion in 2024 half-year Jul 30, 2024 0 Nestle Nigeria reported a net loss of N176.9 billion for the first half of 2024, a sharp increase from the N49!-->…
Business NAMA Suspends Planned 800% Hike In Navigation Charges For Airlines Jul 30, 2024 0 The Nigerian Airspace Management Agency (NAMA) has suspended its planned 800% increase in aircraft navigational!-->…
Business Power sector strained as Togo, Benin, others owe Nigeria $14.19m for electricity… Jul 29, 2024 0 The Nigerian Electricity Regulatory Commission (NERC) reported that none of the four international bilateral!-->…
Fintech Competition toughens as 9Mobile gets new owner Jul 29, 2024 0 9Mobile has faced significant challenges since Etisalat Abu Dhabi exited the Nigerian market in 2017 over a $1.2!-->…
Local Netflix, Google, Microsoft increase naira prices on inflation Jul 29, 2024 0 Due to escalating inflation and the devaluation of the naira, major technology firms like Netflix, Google, DSTV,!-->…
Business Morocco, SA, Egypt dwarf Nigeria’s $210m auto industry Jul 29, 2024 0 Nigeria's $210 million automotive industry lags behind peers such as Morocco, South Africa, and Egypt due to low!-->…
Local Ecobank Ordered to Pay Over N1 Billion to Former Oceanic Bank Employees Jul 29, 2024 0 The National Industrial Court in Lagos has mandated Ecobank Nigeria Limited to pay N1,086,611,589.11 to 1,742!-->…
Commodities Fuel Rises To N1,300/Litre As Depots Run Dry Jul 29, 2024 0 Fuel scarcity has hit Nigeria hard, causing long queues at petrol stations in major cities like Lagos, Ogun,!-->…
Business Oil Producing Communities Threaten To Shut Down All Pipeline Facilities Over… Jul 29, 2024 0 The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has issued a warning that it will renew agitation!-->…
Business Fitch: Inflation Has Peaked in Nigeria, Will Moderate Below 25% By Year-end Jul 29, 2024 0 Fitch Solutions has projected that Nigeria’s high inflation, which reached 34.19% in June, has peaked and will!-->…
Business BVN Enrolments Surge by 854,267 to 62.7m in Two Months Jul 29, 2024 0 Bank Verification Number (BVN) registrations in Nigeria have risen to 62.7 million as of July 2024, up from 61.87!-->…
Business Stock Market Down N1.3tn WoW as Investors Migrate to Fixed Income Market Jul 29, 2024 0 Following the Central Bank of Nigeria's (CBN) increase in the Monetary Policy Rate (MPR) to 26.75%, the Nigerian!-->…
Business It’s game, set and match — ALIKO DANGOTE Jul 27, 2024 0 Dr. Reuben Abati has called for President Tinubu to intervene in the conflict between the Nigerian Midstream and!-->…
Business Dangote Refinery: Midstream, Downstream Regulatory Authority Giving Tinubu Bad… Jul 27, 2024 0 Aliko Dangote, Africa’s richest man, is widely recognized and respected across the continent. Over the past three!-->…
Currency Naira Depreciates To N1,610/$ In Parallel Market Jul 27, 2024 0 The Nigerian Naira experienced a significant depreciation on Friday, dropping to N1,610 per dollar in the parallel!-->…
Local Barry Diller says Paramount pursuit ‘might be over’ for IAC, CNBC… Jul 26, 2024 0 Billionaire Barry Diller announced that his digital-media company, IAC, is no longer pursuing the acquisition of!-->…
Local Nasdaq futures jump as megacaps recover; inflation data in focus Jul 26, 2024 0 Nasdaq futures jumped 1% on Friday, driven by a rebound in megacap tech and chip stocks. Major tech companies!-->!-->!-->…
Business Dangote/NNPC Rift: Nigeria’s Petrol Import From Malta Jumps 43 Times To $2.08bn Jul 26, 2024 0 Nigeria's importation of petroleum from Malta soared to $2.08 billion in 2023, a 43-fold increase. According to a!-->…
Banking FCMB Lifts Female Entrepreneurs With Zero-Interest Loans Jul 26, 2024 0 The First City Monument Bank (FCMB) is addressing gender inequality in Nigeria’s business sector with its!-->…
Business Expert faults NBS for omitting Marine, Blue economy data Jul 26, 2024 0 Dr. Muda Yusuf, CEO of the Centre for the Promotion of Public Enterprise, criticized the National Bureau of!-->…
Business ICAN charges inductees to uphold principles of accounting Jul 26, 2024 0 The Institute of Chartered Accountants of Nigeria (ICAN) has advised newly inducted Accounting Technicians to!-->…
Business Vehicle importation falls 60.8% in H1’24 Jul 26, 2024 0 Vehicle imports into Nigeria fell sharply by 60.4 percent year-on-year to 10,991 in the first half of 2024,!-->…
Business Lafarge Africa Unveils Nigeria’s First Low-Carbon Multipurpose Cement,… Jul 26, 2024 0 Lafarge Africa Plc has launched ECOPlanet Unicem, Nigeria's first low-carbon multipurpose cement, with a 30!-->…
Business FG’s revenue surpassed budgetary target, says minister Jul 26, 2024 0 Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Federal Government's!-->…
Business Nigeria imported $2.25bn fuel from Malta — Report Jul 26, 2024 0 Nigeria has imported $2.25 billion worth of fuel from Malta over the past nine years, with a dramatic spike in!-->…
Business ICYMI: Construction begins at Midoil refinery Jul 26, 2024 0 Midoil Refining and Petrochemicals Company Limited has officially started construction activities in Lagos, with a!-->…
Business FG has exited Way & Means – Edun Jul 26, 2024 0 In a press conference in Abuja, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale!-->…
Local Dangote Cement Reports Pre-Tax Profit Of N292.9 Billion, To Pay Tax Of N103… Jul 26, 2024 0 Dangote Cement Plc reported a pre-tax profit of N293 billion for the first half of 2024, marking a 22% increase!-->…
Opinion NNPC Vs Dangote: Where The Truth Lies Jul 26, 2024 0 Aliko Dangote, Africa’s richest man, has faced numerous challenges and adversities throughout his career,!-->…