The Federal Government’s revenue from Foreign Direct Investment (FDI) into Nigeria took a significant hit in the second quarter of 2024, dropping to $29.83 million, according to the latest report…
The President of Dangote Group, Alhaji Aliko Dangote, has said that Nigeria needs to stop mortgaging crude oil to ensure the availability of feedstock for local refineries. Dangote, who spoke…
Dangote Oil Refinery will raise Nigeria’s Gross Domestic Product to $322bn by 2025, according to a new report. The report, titled ‘Impact of Dangote Refinery on the Nigerian Economy’, which…
The Nigerian equity market gained N121bn last week, with the All-Share Index appreciating by 0.21 per cent to close at 98,458.68 points, while market capitalisation reached N56.578tn. A total turnover…
The World Bank has again approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal…
The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday. The petrol…
The House of Representatives, on Thursday, urged the Federal Government to direct the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery to allow independent marketers to commence the…
The Central Bank of Nigeria has extended the suspension of cash deposit processing fees until March 31, 2025, from the previous September 30, 2024, deadline. The CBN disclosed this in…
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has expressed his regret for not buying Arsenal when his interest lies with owning a football club. He said…
The Nigerian Electricity Regulatory Commission has mandated electricity Distribution Companies to procure a minimum of 398MW of embedded generation to enhance the reliability of power supply across the country. Embedded…