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Obasanjo insists Port Harcourt, Warri, Kaduna refineries won’t

  • 27th April 2026
South African billionaire Wiese sells Shoprite shares worth $49.5m

Lagos court bars Shoprite directors from selling assets

  • 27th April 2026
Toyota explores regenerative cell tech to power lunar power

Toyota sales drop as Middle East tension disrupts

  • 27th April 2026
Nigerians to present BVN, NIN for dollar bond subscription

DMO plans N700bn federal bond auction for April

  • 27th April 2026

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Oil prices climb as US-Iran peace talks stall again

Oil and Gas
Transcorp hotels posts 60% revenue rise, declares interim dividend

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Banking
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Finance

Obasanjo insists Port Harcourt, Warri, Kaduna refineries won’t work

Business

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Naira falls N777 against dollar after CBN announcement
Economy

Dollar conversion: CBN to block bank customers’ account

The Central Bank of Nigeria has said it will place A ‘Post no Debit’ on the accounts of customers, especially politicians, converting the naira to the dollar as electioneering spending spiked. CBN Governor, Godwin Emefiele, stated this during the Monetary Policy Committee meeting in Lagos, where he disclosed the increase in the interest from 13 […]

NNPC becomes commercial entity amid fuel scarcity
Oil and Gas

NNPC becomes commercial entity amid fuel scarcity

The President, Major General Muhammadu Buhari (retd.) officially unveiled the new brand of the Nigerian National Petroleum Company Limited on Tuesday, at the State House, Abuja, to usher in some provisions of the Petroleum Industry Act. This is coming amidst fuel scarcity in some parts of the nation, especially in Lagos and Abuja. According to […]

News

Bread scarcity looms as bakers threaten strike

The Association of Master Bakers and Caterers of Nigeria has issued a two-week ultimatum to the Federal Government to address various challenges facing the industry. The Kogi State Chairman of the association, Gabriel Adeniyi, stated this while addressing journalists in the state. He said, “The Master Bakers and Caterers nationwide resolved to down tools and […]

Aero Contractors suspends operations
Aviation

Aero Contractors suspends operations

Aero Contractors has announced the temporary suspension of its operations in Nigeria over the country’s economic crisis. Nigeria’s oldest airline made this known in a statement released on Monday. The airline noted that the suspension will take effect on Wednesday, July 20, coming at a time airlines in the country have been lamenting the skyrocketing […]

Uber settles US lawsuit for overcharging persons with disabilities
News

Uber settles US lawsuit for overcharging persons with disabilities

Uber will offer several million dollars in compensation to tens of thousands of passengers with disabilities who were charged extra fees, US prosecutors said Monday. The case brought by the US Department of Justice centred on disabled passengers allegedly being made to pay wait charges because they needed extra time to board vehicles. Under the […]

  • enitan
  • 18th July 2022
  • 0 Comments
  • 237 Views
inflation
Economy

Nigeria’s inflation hits 20%, surpasses World Bank’s projection

Nigeria’s inflation rate is now at 20 per cent, 0.5 per cent above the World Bank’s projection of 15.5 per cent, despite raising its Monetary Policy Rate (interest rate). In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual,’ the global bank projected that Nigeria’s inflation rate was going to be […]

inflation
Economy

Nigeria’s inflation hits 18.6%, highest in five years

The Consumer Price Index, which measures the rate of change in prices of goods and services, surged to 18.60 per cent in June 2022, up from 17.71 per cent in the previous month. According to reports, this is the highest since January 2017. The National Bureau of Statistics said this in its consumer price index […]

Car sales slump 14% in six months - Report
News

Car sales slump 14% in six months – Report

European auto sales slumped by 14 per cent in the first half of this year, data showed Friday, as supply shortages continued to plague manufacturers. With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union, data from the European Automobile Manufacturers Association showed. Sales in […]

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
News

PMS at N165/litre not sustainable – Oil marketers

The Association of Oil Marketers in Nigeria on Wednesday said that the sale of Premium Motor Spirit also known as petrol is not sustainable at N165/litre. The Independent Petroleum Marketers Association of Nigeria and the Natural Oil and Gas Suppliers had earlier pushed for the upward review of petrol price, as some members of IPMAN […]

Trariff hike: Produce financial report, tribunal orders Multichoice
News

Court orders MultiChoice to sublicense channels

An Appeal Court sitting in Port Harcourt, the Rivers State capital, has ordered entertainment company, MultiChoice, to sublicense some channels to a satellite company, Metro-digital. The court ruled pursuant to the National Broadcasting Commission’s code. Justice Olabode Adegbehingbe in his judgment on Wednesday ruled that the lower court erred when it dismissed the suit of […]

  • kayode
  • 13th July 2022
  • 0 Comments
  • 294 Views
Nigerians bought petrol N191.65 per litre September- NBS
News

Efficient energy valuable than infrastructure – Petroleum expert

A petroleum expert, Bala Zaka, has said that affordable and efficient energy is more necessary for businesses than infrastructure. Zaka, who is also a Technical Director at Template Design Limited, made this known in an interview with The PUNCH. According to him, the removal of subsidies on petroleum products will kill businesses that are already […]

Banking

10 bank directors share N6.9bn allowance

Ten bank directors have shared N6.96bn executive compensation, fees and sitting allowances. The amount represents an increase of 3.32 per cent from the N6.74bn the directors received in 2020. United Bank for Africa Plc, Zenith Bank Plc, FBN Holdings and Guaranty Trust Holding Company Plc. Union Bank for Nigeria Plc, Stanbic IBTC Holdings Plc, FCMB […]

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