Nigeria’s inflation surges to 34.19% in June 2024 – NBS
The National Bureau of Statistics has announced in its latest report that Nigeria’s inflation rate in June 2024 increased from 33.95% in…
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NDDC recommends 3% VAT revenue for Niger Delta funding
The Niger Delta Development Commission is proposing a new legislation that will allocate 3% of VAT revenue as a supplementary financing source.…
NGX post Wema Bank’s right issue of 8.572 billion shares on its platform
The Nigerian Exchange Limited has acknowledged Wema Bank Plc’s Rights Issue of 8.572 billion ordinary shares of 50 kobo each at N4.66…
Dangote refinery: Why we reduced our stake to 7.2%, NNPCL reveals
The Nigerian National Petroleum Company Limited has explained why it has only a 7.2% stake in the $19 billion Dangote Refinery, rather…
Banks’ loans to private sector reach N375tn – CBN
The Central Bank of Nigeria reported that Nigerian banks’ loans and support for the private sector totaled approximately N375.78 trillion in the…
Why CBN snubbed BDC operators in $123m FX sale
Bureau De Change Operators were excluded from the Central Bank of Nigeria’s latest batch of currency sales to licensed dealers. This disclosure…
NNCPL no longer owns 20% of Dangote refinery – Dangote
The Chief Executive Officer of Dangote Refinery, Aliko Dangote, revealed in a recent media briefing at the refinery that the Nigerian National…
Minister defends P’Harcourt refinery takeoff delay amid licensing
The Port Harcourt Refining Company is now going through numerous licensing processes following the supply of crude oil to the plant, which…
Lagos cracks down on fake building materials testing agents
In a bid to bolster building safety standards, the Lagos State Government has unveiled stringent measures aimed at curbing the activities of…
NNPCL now has less than 20% share of refinery – Dangote
Dangote Refinery’s CEO, Aliko Dangote, has stated that the Nigerian National Petroleum Corporation Limited no longer has a 20% share in the…
WATRA leads efforts to lower internet costs across West Africa
The West Africa Telecommunications Regulators Assembly has unveiled plans to foster infrastructure sharing among West African nations, aiming to significantly reduce internet…
Dangote refinery to source crude oil from African nations
Chairman of Dangote Refinery, Aliko Dangote, announced plans to procure crude oil from several African nations following recent imports from the United…