Business

Obaseki Launches Edo Refinery, Others, Laments Lack of Crude

The Edo Refinery is seeking to expand its production capacity by 6,000 barrels per day, according to the state governor,…

2 years ago

Eight Firms Record N918.1bn Loss on Currency Revaluation

Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira…

2 years ago

Dangote Refinery Secures Licence to Refine 300,000bpd Crude

The Africa’s richest man, Aliko Dangote, said his refinery has secured a licence to refine more than 300,000 barrels of…

2 years ago

Seven Countries to Attend Kano Trade Fair

No fewer than 250 companies from within and outside Nigeria are expected to attend the 44th edition of the Kano…

2 years ago

Ebonyi to Repair Airport Runway With N13.7bn.

The Commissioner for Aviation and Technology in Ebonyi State, Mrs Ngozi Obichukwu, has said the state government will spend N13.7bn…

2 years ago

Naira Slides Further to One Thousand and Eighty Naira

The Naira continued its free fall against the dollar on Tuesday, depreciating to N1,080/$ in the parallel market. This is…

2 years ago

FG Reveals N1.45trn Saved From Subsidy Removal.

The Federal Government of Nigeria has saved approximately N1.45 trillion between June and September from the removal of petrol subsidy,…

2 years ago

Foreign Airlines Say 90% Trapped Funds, Worth $783 Million, Remain Unpaid.

Foreign airlines have disclosed that about 90 per cent of their $783m trapped funds have remained unpaid. The airlines stated…

2 years ago

IMF Discloses Nigeria’s Mobile Money Agent Outlets Hits Six Year High

The number of registered mobile money agent outlets per one thousand kilometres square in Nigeria surged to the highest in…

2 years ago

Nigeria’s S&P Index Exit Leaves Investors Nursing Losses.

Investors in a derivative-linked “synthetic” exchange-traded fund have been left out of pocket after Nigeria was axed from its underlying…

2 years ago