Revenue falls by N1.89tn, Nigerians face tougher times
Amid a projection by the Federal Government to spend a whopping sum of N6.7tn on fuel subsidy next year and...
Bakers halt bread production Thursday over skyrocketing costs
Bakers under the aegis of the Premium Breadmakers Association of Nigeria have announced plans to halt production of their products,...
FG continues $3.5bn Eni/Shell suit, Italy drops charges
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against...
Confusion as N179/litre fuel price controversy worsens
A document displaying the costs of Premium Motor Spirit, popularly called petrol, in various regions of Nigeria is causing confusion...
Marketers finally hike petrol price to N170-N190/litre
Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the...
Power supply to drop again, TCN alerts Nigerians
The Transmission Company of Nigeria, in a statement on Monday, said the drop would be as a result of planned...
Nigeria’s inflation overshoots World Bank projection by 20%
DESPITE raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s...
Over-regulation, new taxes impacting business growth, survival
As the country struggles to ramp up revenue, private sector operators have expressed concerns about the government’s resort to multiple...
NCC charges MNOs, ISPs on alternative energy as diesel cost spikes
• Danbatta insists no hike in telecoms tariffs, claims FOREX will be available soon • ALTON claims service downtime is...
Manufacturer explores opportunities in gas power solutions
Manufacturer of heavy-duty equipment, Caterpillar, has urged operators in the oil and gas sector to explore opportunities in gas power...
Nigeria losing billions of naira to IOCs – Stevedores
The National Association of Stevedoring Operators, on Wednesday, said that the country was losing billions of naira to International Oil...
How switch from diesel to gas aided 70% drop in energy costs
Tosett Agro Industries Ltd, an industrial firm, says it has seen energy costs fall by 70 per cent and lowered...
90% of technologies powering Nigerian economy imported, says NOTAP
As Nigeria saves N79.6b in technology transfer processes The National Office for Technology Acquisition and Promotion (NOTAP) has said that...
Agusto & Co. affirms Coronation Merchant Bank’s ‘A+’ rating, assigns an ESG score of 2 and a stable outlook.
The rating expires on 30 June 2023. Agusto & Co. has affirmed the ‘A+’ rating assigned to Coronation Merchant Bank...
Agusto & Co. upgrades the ‘Bbb-’ rating assigned to Wema Bank Plc to ‘Bbb’, with a stable outlook
The rating expires on 30 June 2023. Agusto & Co. hereby upgrade the rating of Wema Bank Plc (“Wema Bank”...
Agusto & Co. upgrades Access Bank Plc.’s rating to ‘Aa’, assigns an ESG score of 2 and a stable outlook.
The rating expires on 30 June 2023. Agusto & Co. has upgraded Access Bank Plc.’s (‘Access Bank’ or ‘the Bank’)...
Agusto & Co. upgrades Rand Merchant Bank Nigeria Limited’s credit rating to ‘Aa’, with a stable outlook
The rating expires on 30 June 2023. Agusto &Co. hereby upgrade the rating of Rand Merchant Bank Nigeria Limited (‘RMBN’...
FG plans 3,863mw to boost power grid – Report
An additional capacity of 3,863 megawatts of electricity is to be made available to boost power supply to customers across...
ICCN urges diplomatic action against global food security crisis
The International Chamber of Commerce Nigeria (ICCN) has called for urgent, decisive, diplomatic and practical action to avert a global...
Nigeria’s cosmetic market hits N1tr turnover, records 14.5% growth
The value of Nigeria’s cosmetic retail sales grew by an average of 14.5 per cent last year and added hundreds...
Oil companies oppose FG’s penalties over gas flaring
Oil and gas companies have committed to gas flare reduction in Nigeria though some of them opposed the enforcement of...
Marketers, depots fight over 16.6bn litre fuel diversion
Oil marketers and depot owners have clashed over allegations of diversion of 16.6 billion litres of fuel to neighbouring countries....
Labour faults NNPC’s petrol imports, consumption figures
The Nigerian Labour Congress has criticised the Nigerian National Petroleum Corporation over the secrecy surrounding the subsidy of Premium Motor...
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