Business
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We didn’t increase petrol price, marketers did –FG
The Federal Government on Monday insisted that it had not raised the pump price of Premium Motor Spirit, popularly called...
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FG plans N712bn mortgage to fund 100,000 houses
The Federal Government on Monday said it was working to increase mortgages provided to contributors under the National Housing Fund...
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Legal tussle may threaten multibillion-dollar Eko Atlantic City project
A real estate development firm, Sea Global Energy Company Limited, promoters of the Ocean City Lagos Project, has accused the...
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FG failed to provide N100bn electricity subsidy – Discos
Electricity distribution companies on Sunday reacted officially to the takeover/restructuring of five Discos by the Federal Government through the Bureau...
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NNPC remits $2.7bn to CBN in six months
The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria...
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Agusto & Co affirms Parthian Partners’s ‘Bbb’ rating
Pan African credit rating firm, Agusto & Co Limited has affirmed the “Bbb” rating assigned to Nigerian inter-dealer broker, Parthian...
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FX crisis: Made-in-Nigeria products fall 27% to N7.4tn
The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 percent between 2017 and 2021. According to...
Read moreDangote eyes Africa’s petrochemical hub with $2bn plant
Dangote Group is set to complete its $2bn petrochemical plant in Lagos which when fully operational will position Nigeria as...
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Removal of subsidy, NNPC import monopoly’ll end queues– Marketers
Queues for Premium Motor Spirit, popularly called petrol, will end when the Federal Government halts PMS import monopoly of the...
Read moreDangote eyes Africa’s petrochemical hub with $2bn plant
Dangote Group is set to complete its $2bn petrochemical plant in Lagos which when fully operational will position Nigeria as...
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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,...
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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...
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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...
Read morePower 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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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’)...
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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’...
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