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Category: blog
February Foreign Exchange Reserve Drops by $1.3bn
Nigeria’s foreign exchange reserves fell by $1.31bn in February 2025, reflecting sustained external pressures amid the recent appreciation of the naira. Data from the Central Bank of Nigeria showed that…
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NNPCL Reduces Petrol Price to ₦860 Per Litre
Some retail outlets belonging to the Nigerian National Petroleum Company Limited have adjusted the petrol pump price to N860 per litre. PUNCH Online observed that while there is no official…
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We Have Enough Petrol To Meet Local Needs ― Dangote
Aliko Dangote, president of Dangote Industries Limited (DIL), has revealed that his company, the Dangote Petroleum Refinery, has enough Premium Motor Spirit (PMS, otherwise known as petrol) in storage to…
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Dangote Refinery Reduces Diesel Price, by N55 to N1,020
Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to…
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Dangote Refinery exports two cargoes of jet fuels to Saudi Arabia
Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas…
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BUA Foods grows revenue by 109% to N1.53tr
BUA Foods Plc, has recorded full year 2024 revenue of N1.53 trillion representing 109 per cent. The company’s operational efficiency, and strategic expansion efforts have continued to drive remarkable financial…
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Cadbury Reports N10.4billion Loss for 2024
Cadbury Nigeria Plc has reported a loss after tax of N10.4bn for the year ending December 31, 2024, representing a 45 per cent reduction compared to the N19.1bn loss recorded…
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Nigeria’s current account surplus hits $6b
Nigeria recorded a $6 billion current account surplus in the first half of 2024 as impact of several economic reforms begin to pay off, the Central Bank of Nigeria (CBN)…
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KFC Unveils 5-in-1 Meal to Commence 2025
KFC has introduced a new 5-in-1 meal, offering customers an all-in-one experience of its signature menu items. KFC Chief Executive Officer, Satender Singh, in a statement, described the meal as…
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Guinness Nigeria Delivers 82.2% Revenue Growth In H1’25
Guinness Nigeria Plc has announced its unaudited financial results for the six months ended 31 December 2024 The company reported an 82.2% revenue increase, growing from ₦142.60 billion in H1'24…
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