Nigeria
Dangote 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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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...
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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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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...
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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...
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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...
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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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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...
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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...
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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...
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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...
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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....
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Rising subsidy’ll stop states from paying salaries – Governors
The Nigeria Governors’ Forum has lamented that the subsidy on petroleum products, especially Premium Motor Spirit (petrol), has placed a...
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Bank assets rise by 21% to N64.32tn – CBN
Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained...
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