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Business

Investors lose N1.14trn as NGX reacts to MPC decision

Investors lose big: Japaul Gold’s 8bn share listing sparks N111bn drop

Kazeem Ugbodaga

2 years ago

Despite the overall market decline, market breadth was positive, with 34 stocks advancing against 20 losers. Key drivers of the…
Nigeria

Group challenges Dangote: If you care for Nigerians, sell petrol at lower price

Ademola Adegbamigbe

2 years ago

The Justice Action Alliance (JAA) has called out the Dangote Refinery to be transparent about its dealings, especially on petrol,…
FAAC

Landmark $3.3bn Agreement signed by Nigeria, China at Trade Conference

Kazeem Ugbodaga

2 years ago

The $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex is expected to significantly boost Nigeria’s industrial…
NNPC Ltd. raises alarm about what it described as emerging coordinated sabotage campaign being waged by a syndicate against the organisation

Dangote Refinery free to sell petrol directly to any marketer – NNPC

Ayorinde Oluokun

2 years ago

While puncturing the claims of MURIC, NNPC LTD in the statement noted that the pricing of petroleum products from any…
Nigeria signs $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex with China at the 2024 FOCAC

Nigeria, China sign $3.3bn deal for Brass Industrial Park

Ayorinde Oluokun

2 years ago

One of the conference’s standout outcomes was the signing of a $3.3 billion agreement to develop the Brass Industrial Park…
CBN

CBN boosts liquidity, sells $20,000 to each BDC at N1,580/$

Kazeem Ugbodaga

2 years ago

In a circular issued on September 6, 2024, and signed by Dr. W.J. Kanya, Acting Director of the CBN's Trade…
Peter Obi pushes for Agricultural Revolution to combat food insecurity in Africa

Peter Obi pushes for Agricultural Revolution to combat food insecurity in Africa

Kazeem Ugbodaga

2 years ago

Obi pointed to the example of Bangladesh, which produces 35-40 million tons of rice annually on land much smaller than…

Nigeria’s exports hit N2.7bn in six months – NEPC

Paul Dada

2 years ago

Also speaking, the Chairman, Imo Exporters Summit, Eze George Ekeh, said exports were more crucial to the country’s economic recovery…
Lagos signs historic MoU for Green Line Rail, partners Chinese firm, FG

Lagos signs historic MoU for Green Line Rail, partners Chinese firm, FG

Kazeem Ugbodaga

2 years ago

At launch, the rail line is expected to transport over 500,000 passengers daily, with capacity projected to rise to over…
Dangote

Why we can’t announce price for our petrol – Dangote Group

Ayorinde Oluokun

2 years ago

Dangote Group said this while dismissing a newspaper report that the Nigerian National Petroleum Company Limited (NNPCL has started lifting…
Lagos, partners push for inclusive Data to drive Sustainable Growth

Lagos, partners push for inclusive Data to drive Sustainable Growth

Kazeem Ugbodaga

2 years ago

World Population Day, celebrated annually on July 11 by the United Nations, highlights the importance of investing in data collection…
NNPC Ltd blames vandals for the fire incident at its Buguma Wellhead 008, operated by its subsidiary, NNPC Eighteen Operating Ltd (NEOL).

How NNPCL carried burden of stabilizing petrol supply for 12 months

Ademola Adegbamigbe

2 years ago

The May 29 2023 announcement by President Bola Tinubu ending the regime of subsidy on petrol thrust on the Nigerian…
Sanwo-Olu signs landmark MoU for Lekki-Epe Link Bridge project in China

Sanwo-Olu signs landmark MoU for Lekki-Epe Link Bridge project in China

Kazeem Ugbodaga

2 years ago

Sanwo-Olu further revealed: “We have had discussions about awarding the EPC contract to CCECC, and feasibility and design studies for…
Tinubu calls for unity as China announces audacious $50bn pledge for Africa

Tinubu champions Africa’s economic future in high-level Beijing talks

Kazeem Ugbodaga

2 years ago

As the Chairman of ECOWAS, President Tinubu expressed satisfaction with the strategic partnership between Africa and China, describing it as…
Manufacturers Association of Nigeria (MAN) explains how President Bola Tinubu administration's “Nigeria First” policy will boost economy

How hike in petrol price will affect Nigerians, businesses – MAN

Ayorinde Oluokun

2 years ago

MAN, in the statement released on Wednesday, listed many potential impacts of the hike in petrol price on the different…
What you need to know before going into pig farming

What you need to know before going into pig farming

Isa Isawade

2 years ago

Copious pieces of literature by agribusiness experts and writers corroborate Osoba’s assertion. When well run, pig farming can guarantee 15-35%…
SEEPCO says insecurity and environmental challenges have caused significant decline in its oil production volumes in Anambra State,

‘Why crude oil production is declining in Anambra’

Ayorinde Oluokun

2 years ago

Mr Austin Brown, General Manager, Community Relations and Security of SEEPCO said this while lamenting the negative effects of insecurity…
Prince Omoha empowers over 100 young entrepreneurs with ₦25.5m grants on his birthday

Prince Omoha empowers over 100 young entrepreneurs with ₦25.5m grants on his birthday

Kazeem Ugbodaga

2 years ago

The grant recipients, chosen from a diverse pool of applicants, represent a wide range of sectors including technology, agriculture, fashion,…
Tinubu, Xi Jinping announce new era in Nigeria-China relations, sign strategic agreements

Tinubu, Xi Jinping announce new era in Nigeria-China relations, sign strategic agreements

Kazeem Ugbodaga

2 years ago

On economic reforms in Nigeria, President Tinubu told his Chinese counterpart that his administration remains committed to sustainable growth through…
Residents of Nsukka, Enugu State resort to trekking as a litre of petrol hit over N1000 resulting in hike in transportation fares

Why hike in petrol price is unavoidable – Stakeholders

Ayorinde Oluokun

2 years ago

A marketer confirmed that NNPCL had raised the petrol price to N855 per litre, while private operators were expected to…
Dangote

Dangote petrol to hit market in 48 hours

Paul Dada

2 years ago

The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will…
Africa faces massive Poverty and Economic hardship in the name of fighting Climate Change

Africa faces massive Poverty and Economic hardship in the name of fighting Climate Change

Kazeem Ugbodaga

2 years ago

Phasing out fossil fuels in Africa also would be harmful to the many international and indigenous oil and gas companies…
Palmpay says its in-app payment feature, Priority Payment method was initiated to simplify transactions for its users.

PalmPay educates on priority payment method

Ayorinde Oluokun

2 years ago

According to PalmPay, the Priority Payment method aims to address the challenges of urgent transactions, such as topping up airtime…
NNPC Ltd. raises alarm about what it described as emerging coordinated sabotage campaign being waged by a syndicate against the organisation

Our ‘significant debt’ threat to sustainable fuel supply – NNPC Ltd.

Ayorinde Oluokun

2 years ago

But the company said despite the debt challenge, it is collaborating with relevant government agencies and other stakeholders to maintain…
FG says Nasarawa state has joined a group of four states earning over N1 billion from federal allocation earning in the solid mineral sector.

Nasarawa now among states earning over N1bn from solid minerals – Minister

Ayorinde Oluokun

2 years ago

The Minister informed his host that Nasarawa State has achieved a considerable mileage in its quest to improve on the…
Nigeria's Securities and Exchange Commission (SEC) has granted two digital assets Exchanges identified as Busha Digital Ltd., and Quidax Technologies Ltd. “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP).

SEC grants approval-in-principle to 2 digital Exchanges

Ayorinde Oluokun

2 years ago

Efe Ebelo, the spokesperson of SEC announced this in a statement on Thursday in Lagos. According to her, the the…
FCCPC gave traders and other market stakeholders involved in exploitative pricing one month moratorium to crash prices of the goods.

FCCPC gives 1-month moratorium to traders to crash prices

Ayorinde Oluokun

2 years ago

The Executive Vice Chairman of the FCCPC, Mr Tunji Bello gave the moratorium at a one-day stakeholders engagement on exploitative…
Stock Market

NGX ends winning streak, Market capitalisation drops by N176bn amid selloffs in major stocks

Kazeem Ugbodaga

2 years ago

Selloffs in MTN Nigeria, alongside FBN Holdings, Access Corporation, Wema Bank, amongst other declined equities were the primary drivers of…
Heineken Lokpobiri

Fuel smuggling persists due to NNPC’s below-cost sales – Minister

Ademola Adegbamigbe

2 years ago

Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri has pointedly addressed the issue of fuel smuggling to neighbouring countries,…
LASG sets date for commencement of ‘Ounje Eko’ Phase II

LASG sets date for commencement of ‘Ounje Eko’ Phase II

Isa Isawade

2 years ago

“The food items available at the markets will include a maximum cap purchasable of 5kg each for Rice, Beans, and…
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