Dangote refinery to import crude oil from Libya
Dangote Refinery in Lagos is currently in negotiations with Libya to import crude oil for its expansive 650,000 barrels per day facility…
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FG spends 74% of revenue on debt in Q1 2024
Debt servicing costs have become a burden for Nigeria’s federal government, consuming a staggering 74% of its retained revenue in the first…
NIPOST reveals reason behind delay in meeting deliveries
The Postmaster-General of Nigeria, Ms Tola Odeyemi, has attributed the Nigeria Postal Service’s challenges in meeting delivery timelines to poor road infrastructure…
Banks deposits rise 63% to N115tn amid competition from Fintechs
Even in the face of fierce competition from Fintechs, individuals and institutions are increasingly entrusting their funds into the safekeeping and management…
FG to spend N36bn on CNG conversion of 30,000 diesel-powered cars
The Federal Government plans to convert 30,000 petrol or diesel-powered vehicles to run on compressed natural gas, at an average cost of…
Livestock industry generates $1.2bn annually from animal skin export – MACBAN
The Miyetti Allah Cattle Breeders Association of Nigeria said on Sunday that the livestock industry brings in approximately $1.2 billion for Nigeria…
Four Max Air plane tyres burst during takeoff
The Max Air flight with 119 passengers and 6 crew members, experienced a tyre bust of the first rear gear midway on…
Let NNPCL buy me out, Dangote offers to sell refinery
Africa’s wealthiest individual, Aliko Dangote, has made a bold declaration amidst escalating disputes with regulatory bodies over his multibillion-dollar Dangote Refinery project…
Why Dangote flour mills was sold in 2019 — Dangote
Africa’s wealthiest individual and CEO of Dangote Group, Aliko Dangote, has revealed why the company decided to divest from Dangote Flour Mills…
Nigeria’s first N100bn Sukuk bond set to mature September 2024
Nigeria’s inaugural Sukuk bond, valued at N100 billion and issued on September 26, 2017, is scheduled to reach maturity on its seventh…
Nigeria lacks capacity to investigate building collapses – COREN
The Council for the Regulation of Engineering has voiced concerns about the frequent collapses of buildings in Nigeria, stating that the nation…
Foreign exchange, high inflation cause of high airfares – Operators
Local airlines have blamed the nation’s high inflation and volatile foreign exchange rates for the high cost of airfares. The Chief Operating…