Femi Otedola Set to Recieve $17m from Geregu Power Plant
Nigerian billionaire Femi Otedola is set to receive a substantial final dividend exceeding $17 million from his significant 78.64-percent ownership…
Category: Local
FCTA Lists Embassies Owing $5.3 Million in Ground Rent
The Federal Capital Territory Administration (FCTA) in Abuja, Nigeria, has published a list of 43 embassies and high commissions owing…
India and United Arab Emirates Enter Trade Partnership
India and the United Arab Emirates (UAE) signed a significant agreement on Tuesday concerning a trade corridor intended to link…
FG Engages US in Investigation of Chopper Crash Involving Nigerian CEO
The Nigerian government has initiated discussions with the United States regarding the investigation into a tragic chopper crash that claimed…
Shell Completes Crude Oil Supply to Port Harcourt Refinery
The Shell Petroleum Development Company of Nigeria Limited has announced the successful completion of the supply of 475,000 barrels of…
Access Holdings Appoints Bolaji Agbede as Acting CEO Following Herbert Wigwe’s Passing
Access Holdings Plc has swiftly responded to the unexpected passing of its former Group Chief Executive Officer, Dr. Herbert Wigwe,…
UK Officials Seek Investment Opportunities in Nigeria
The UK Minister for Business and Trade, Kemi Badenoch, alongside the Prime Minister’s Trade Envoy to Nigeria, Helen Grant, is…
Hardship Increases over high Prices of Cooking Gas and Diesel
Nigerian households and businesses face increasing challenges due to the rising costs of essential resources such as cooking gas and…
Cadbury Shareholders Approve Conversion of Loan to Equity
At a General Meeting held in Lagos, shareholders of Cadbury Nigeria Plc endorsed the conversion of an outstanding intercompany loan…
Money Lenders Endorses FCCPC Measures Over Digital Lending
The Money Lenders Association (MLA) has voiced its support for the Federal Competition and Consumer Protection Commission’s (FCCPC) efforts to…
Access Holdings CEO Herbert Wigwe Feared Dead in Helicopter Crash
Tragedy struck as a helicopter carrying Herbert Wigwe, the Chief Executive Officer of Access Holdings, crashed in California, United States…
Dangote Refinery Among World’s Top 8 Largest Refineries
Nigeria’s Dangote Refinery, boasting a production capacity of 650,000 barrels per day, has earned a prestigious rank among the globe’s…
Bank of Industry to Administer N200bn Fund to Buisinesses
The Federal Government has entrusted the Bank of Industry (BOI) with a N200 billion fund aimed at bolstering businesses nationwide.…
Export Sales Increases by 77% Amid Forex Reform
Three major players in Nigeria’s consumer goods industry – Unilever Nigeria Plc, Cadbury Nigeria Plc, and Okomu Oil Palm Plc…
Court Orders FG to Fix Prices of Petrol, motorcycles, Others
A Federal High Court in Lagos has directed the Nigerian government to set prices for essential commodities, including petrol, diesel,…
FG Vows Effective Implementation of Pension Reforms
The Director-General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Arabi, has provided assurance that retirees will reap…
TotalEnergies’ Akpo West Field to Increase Output
Nigeria is poised to witness a rise in condensate production by 14,000 barrels per day, following the commencement of operations…
Customs Forecasts Revenue Surpassing N5.079 Trillion
The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the Service’s ability to exceed its…
NNPCL SpendS N267 Billion To Curb Insecurity
The Nigerian National Petroleum Company Limited (NNPCL) reportedly allocated a substantial N267.98 billion for security expenses over 16 months, reflecting…
Tullow Oil To Plan Temporary Halt in Ghana Drilling Operations
Tullow Oil, in collaboration with its Joint Venture Partners, is gearing up for a temporary suspension of drilling operations in…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in foreign exchange transactions, as revealed…
Nigerians’ Foreign Expenditure Hits $98 Billion in a Decade
According to recent data released by the Central Bank of Nigeria (CBN), Nigerians have spent over $98 billion on foreign…
Customs Intercepts N854m Worth of Vehicles in January
The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, revealed that it intercepted 11 imported used vehicles and other…
CITN, Afolake Oso as Acting Registrar/Chief Executive
The Chartered Institute of Taxation of Nigeria (CITN) has named Mrs. Afolake Oso as the acting registrar/chief executive of the…
Nigeria’s Inflation to Decline by 21.4% by 2024- CBN
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), projected a drop in Nigeria’s inflationary pressure from…
WeWork’s CEO Interested in Buying Back Bankrupt Company
Adam Neumann, the former CEO of WeWork, has expressed his desire to repurchase the bankrupt shared office company, as revealed…
NNPC Adresses Concerns on Fuel Scarcity
The Nigerian National Petroleum Company Limited (NNPCL) has addressed concerns regarding long queues at filling stations in parts of Lagos,…