Petrol price could hit N1,000/litre, marketers warn
Petroleum marketers have cautioned that the price of Premium Motor Spirit could surpass N1,000 per litre following President Bola Tinubu’s approval of…
Business
NLC urges PenCom to crack down on pension defaulters
The President of the Nigeria Labour Congress, Joe Ajaero, has called on the National Pension Commission to enforce stricter penalties on employers…
FG reaffirms commitment to fast-tracking Brass Gas project
The Federal Government has reaffirmed its commitment to accelerating the completion of the multi-billion-dollar Brass Gas Projects in Bayelsa State, underscoring the…
Shell’s net profit surges 24% to $5.3bn despite price drop
British oil and gas giant Shell on Thursday said its net profit rose 24 per cent in the third quarter as trading…
Volkswagen posts €1bn loss amid US tariffs, Porsche woes
Volkswagen reported its first quarterly loss in five years on Thursday, topping one billion euros, as the German auto giant struggles with…
FG urges S’East businesses to utilize ECOWAS trade scheme
The Federal government has urged the business community in the South East to avail themselves of the opportunity presented by the Economic…
Reps pass bill to control recycling businesses nationwide
The House of Representatives has passed for second reading a bill seeking to establish the Nigerian Recycling Regulatory Agency, a body that…
Job cuts loom at Paramount Skydance months after merger completion
Paramount Skydance will begin cutting nearly 1,000 jobs on Wednesday, just months after completing its merger. The total layoffs are expected to…
Nigeria, Chinese firm partner on $400m Ogun steel project
The Federal Government has entered into a $400 million Strategic Cooperation Agreement with Stellar Steel Company Limited, a subsidiary of China’s Inner…
VFD Group profit surges 61.5% to ₦7.9bn in nine months
VFD Group Plc recorded a robust performance for the period ended September 30, 2025, with nine-month profit before tax rising to ₦7.9…
Local contractors threaten protest over unpaid 2024 projects debt
The Association of Indigenous Contractors of Nigeria has threatened to stage a nationwide protest on November 3, 2025, over the Federal Government’s…
FIRS orders 10% withholding tax on short-term securities
The Federal Inland Revenue Service has directed banks, stockbrokers, and other financial institutions to withhold a 10 per cent tax on interest…