Category: Business

Jul 19
CBN clears Dangote, BUA on sugar importation to Nigeria

The Central Bank of Nigeria has listed Bua Sugar Refining Limited, Dangote Sugar…

Jul 19
Govt debts to banks hit N12.5tn

The federal and state governments borrowed at least N107.1 billion from Nigerian banks…

Jul 19
OML 46: Bayela State declares interest in buying oil field within state

The Bayelsa State Government has declared interest in acquiring the OML 46 license…

Jul 19
OPEC deal increases Nigeria’s crude oil output to 1.8mbpd

Member countries of the oil cartel, OPEC have agreed to increase oil output by an…

Jul 16
States to begin repayment of budget support facility July – Finance minister

The Central Bank of Nigeria (CBN) and state governors on Thursday agreed to start…

Jul 16
Bitcoin transactions by Nigerians increase to $38m despite CBN ban

Bitcoin transactions rose in Nigeria for the month of June when compared to the…

Jul 16
CBN commences deduction of $2.1 billion budget support facility from states this month

The National Economic Council (NEC) says there is an agreement with the Central Bank…

Jul 16
FG to sanction transporters that increase fares

The Federal Government is to impose sanctions on transporters, particularly operators…

Jul 16
Why Tokunbo car prices may soon go up

The cost of used vehicles popularly called “Tokunbo cars” may spike in the coming…

Jul 16
Excess Crude Account falls to $60.8 million – NEC

The National Economic Council (NEC) has disclosed that Nigeria’s Excess Crude Account…

Jul 13
Oil spillage: Hearing in Shell, oil communities’ case to resume in UK court

Royal Dutch Shell Plc has abandoned its final push to bring its legal dispute with oil…

Jul 13
NSE: Market cap down by 0.35% as investors lose N70bn

The stock market was down by 0.35 percent on Monday as the equity capitalisation…

Jul 13
Is Africa’s financial system about to experience yet another major disruption? Here’s what we know

A major African brand operating within the mobility and logistics sector may be in…

Jul 13
Oil marketers begin conversion of 7,000 outlets to autogas stations with N250 billion loan

Petroleum product marketers have started the process of converting more than 7,000…

Jul 13
Dangote cement acquires 2,000 new vehicles for $150 million to boost distribution

Dangote Cement Plc has moved to boost the distribution of the company’s products…