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Commodities
United Capital’s Share Price Soars 31% in August, Becoming Third…
United Capital’s share price rose by 31% in August 2024, reaching N17, making it the third best-performing stock…
FCCPC accuses Coca Cola Nigeria of misleading trade description, unfair marketing…
The Federal Competition and Consumer Protection Commission (FCCPC) has accused Coca-Cola Nigeria Ltd and the…
Fuel Rises To N1,300/Litre As Depots Run Dry
Fuel scarcity has hit Nigeria hard, causing long queues at petrol stations in major cities like Lagos, Ogun,…
Support for Dangote Refinery Swells, Kyari Denies Owning Blending Plant in Malta
Amid ongoing disagreements between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory…
Toyota Reveals 2025 Crown Signia
Toyota has introduced the 2025 Toyota Crown Signia, a new addition to the Crown family that promises "effortless…
Honeywell to buy aerospace and defense firm CAES Systems for $1.9 bln
Honeywell has agreed to purchase aerospace and defense technology firm CAES Systems from Advent International for…
Nigeria’s Petrol Prices Surge by 223% in May
Month-on-month, the price increased by 9.75%, up from N701.24 in April 2024. The report highlights that the…
Oil steady as downbeat Chinese data offset demand hopes
Oil prices remained steady on Monday as mixed Chinese economic data tempered hopes for increased demand during the…
Changan posts 3.29% rise in May sales, gets more popular in Nigeria
Chinese automaker Changan Automobile reported a modest increase in May sales. According to a production and sales…
Hyundai Upgrades 2025 Santa Fe
Hyundai has unveiled the fifth generation of the popular Santa Fe, featuring significant upgrades including a new…
We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko…
Africa’s richest individual, Aliko Dangote, disclosed that his company secured approximately $5.5 billion in bank…
FG Considers Duty Suspension and VAT Cuts to Fight Inflation
In an effort to combat inflation, the Nigerian government is proposing a six-month suspension of import duties on…
Oil price drops below budget benchmark, as output stagnates
Nigeria's 2024 national budget is under significant funding pressure due to a sustained decline in oil prices and…
CNG will reduce petrol imports by $4.4bn–FG
Nigeria is making a strong push to transition towards Compressed Natural Gas (CNG) as a transportation fuel. The…
Petrol: Landing cost rises 46.8 per cent to N1,026.71 — Investigation
Despite claims of subsidy removal, the landing cost of petrol in Nigeria has risen sharply over the past year. In…
Oil prices steady as solid U.S. crude demand offsets rate concerns
Oil prices remained relatively unchanged today as conflicting factors influenced the market. Upward pressure came…
Oil GDP slows to 5.7% as production problems linger
Nigeria's oil sector, a critical source of government revenue and foreign exchange, is experiencing a significant…
Brewers post N170bn loss on weaker naira, rate hikes
Nigeria's major brewers face financial difficulties after a combined loss of N169.7 billion in the first quarter…
Royal Electronics launches new products in Nigeria
Royal Electronics is bringing a wave of innovation to Nigerian homes with the launch of five new product…
Prices of basic food items rise 140% — NBS
Nigerians are facing a significant rise in food prices, according to the latest report by the National Bureau…
Kerosene Prices Jump to N1,439.64/ltr: North Central Hit Hardest
The cost of kerosene, a vital fuel for many Nigerian households, has risen significantly. According to the…
Naira slide pushes Dangote diesel to N1,100/litre
The price of diesel from the Dangote Refinery has jumped! It went from N940 per litre in April to N1,100 per litre…
NNPC, Natural Oilfield Services Begin Oil Production in Akwa Ibom
Nigerian National Petroleum Company Exploration and Production Limited (NNPCL) and Natural Oilfield Services…
Nigeria Plans Full Operation of Two Refineries by End of 2024
Senator Ifeanyi Ubah, Chairman of the Senate Committee on Petroleum (Downstream), announced plans for two…
Petrol Scarcity in Lagos Sparks Frustration
The petrol scarcity in Lagos is causing frustration among motorists, who face long commutes and struggle to find…
Lagos generated N300m from Land Use charge in four months – Commissioner
The Lagos State Government has announced that it earned N300 million in revenue from the Land Use Charge in the…
Fuel Scarcity: 9,000 oil marketers face license loss, IPMAN appeals for extension
As Nigerians grapple with fuel scarcity, over 9,000 oil marketers are at risk of losing their operating licenses.…
Naira rebound leads to drop in rice prices across Nigeria
The recent strengthening of the naira against the dollar has brought relief to consumers, with the price of a…
Dangote diesel supply to displace European imports
BusinessDay's investigation reveals that the Dangote oil refinery's diesel supply is set to replace the…
Paddy prices begin to decline
Over the past three years, the cost of paddy ranged from N9,000 to N20,000 per 100kg bag, influenced by factors…