Shell, Ardova partner to boost energy sector productivity
Shell International has collaborated with Ardova Plc to create the inaugural Power Conference, which aims to encourage debate around productivity and competitiveness…
News
Price pressure, weak demand drives PMI to seven-month low
The Stanbic IBTC Purchasing Managers Index fell to a seven-month low amid weak demand and price pressures. The monthly PMI, issued on…
Dangote refinery increases gasoil exports to West Africa
Dangote oil refinery is rapidly increasing its gasoil exports to West Africa, capturing market share from European refiners, according to traders and…
Dangote refinery: Marketers fear higher petrol price
Petroleum marketers are concerned that the petrol price from the Dangote refinery may be higher than anticipated, as it’s expected to hit…
Oil companies patronize illegal refineries, Tantita security claims
Tantita Security Services Nigeria Limited purportedly revealed on Monday that oil corporations buy refined automotive gas oil, also known as diesel, from…
Bank directors buy N39bn shares amid sector recapitalisation
As the banking sector’s recapitalisation accelerates, some bank executives are beginning to bet on their companies by raising their stakes, according to…
Meta rolls out monetization for Nigerian, Ghanaian creators
Social media giant, Meta has announced that content creators from Nigeria and Ghana can now start earning money on Facebook from Monday,…
MSMEs are backbone of global economies – Moniepoint
The Managing Director of Moniepoint MFB, Babatunde Olofin has commended Micro, Small, and Medium Enterprises as the backbone of the global economy…
FG launch savings bonds offer with lowest returns since March 2024
The Federal Government of Nigeria, through the Debt Management Office, has opened the sale of its Savings Bond to retail investors, offering…
NRC reports 84.91% revenue growth in Q1 of 2024
The Nigeria Railway Corporation has stated that its revenue increased by 84.91 per cent in 2024 compared to the first quarter of…
Nigeria’s capital imports surged 210% to $3.37bn Q1, 2024 – NBS
Nigeria’s total capital imports increased by 210.16% in the first quarter of 2024, from $1.08 billion in Q4, 2023 to $3.37 billion…
Rising volume of non-bank transactions threaten financial stability – Cardoso
The governor of the Central Bank of Nigeria, Yemi Cardoso, has expressed concern about the increasing transaction volumes of Non-Bank Financial Institutions…