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Category: Economy and Capital Markets
High Cement Price: BUA Boss Blames Middlemen
BUA Cement Plc, has accused middlemen, or ‘dealers,’ of being the primary culprits behind the high cost of cement across the country. The Chairman of the Board of Directors, Abdul…
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External auditors to examine NNPC N2.6tn subsidy claim
The Federal Government has finally initiated plans to enlist the services of an external auditor to verify the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited against…
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GDP growth: Tinubu assures stronger economic performance
The latest National Bureau of Statistics (NBS) report, which shows a promising trend in the nation's economic growth, has excited President Bola Tinubu. The report shows that Nigeria's Gross Domestic…
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Nigeria’s Discos generate N3.95tn revenue in five years
Nigeria’s electricity distribution companies collectively raked in about N3.95tn revenue between 2019 and the first quarter of 2024, data from the National Bureau of Statistics showed. NBS data revealed an…
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Dangote Refinery Boosts Domestic Crude Oil Processing, Reduces Crude Imports from US
The Dangote Petroleum Refinery is reducing its importation of crude from the United States, taking more of Nigeria’s oil for processing, a report by Bloomberg said. The report stated that…
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EIU Report : Delay in crude supply to Dangote Refinery Poses Risk To Nigeria’s Economy
The Economist Intelligence Unit has issued a warning that further delays in crude oil feedstock to the Dangote Petroleum Refinery and Petrochemicals could jeopardise Nigeria’s economic recovery and put additional…
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Oyo Govt Approves N500m For Youth Agribusiness Initiative
Engineer ‘Seyi Makinde’s government in Oyo State has approved N500 million to support beneficiaries of the Youth Entrepreneurship in Agribusiness Project. This decision, announced during an Executive Council meeting presided…
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FG Lifts Suspension On Arik Air’s Operations
The President Bola Tinubu-led federal government has lifted the suspension on the operations of Arik Air’s planes. The airline’s planes were grounded over a dispute between Atlas Petroleum and Arik…
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Dangote Refinery’ll Gulp N1.7tn Crude Monthly,Report Says
The Dangote Petroleum Refinery is going to need about N1.7tn worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited to…
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President Tinubu Proposes Lifeline to Dangote Refinery won’t end Dangote Refinery woes – Experts
Experts in the oil and gas industry have stated that the difficulties facing the 650,000 barrel per day refinery in the sector will persist despite President Bola Ahmed Tinubu's recent…
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