Business News

1. Dangote refinery petrol hits market July, FG to save N7tn The Federal Government may save about N35tn in fiscal expenditure within the next five years with the commencement of...

JPMorgan Chase has raised a key performance target on the heels of its government-brokered takeover of First Republic earlier this month. According to CNBC, the bank will generate about $84...

The total interest-bearing liabilities of consumer goods manufacturer, Nestle Nigeria Plc, rose to N155bn at the end of the 2022 financial year from N76.864bn in 2021, indicating a 102.05 per...

The Managing Director/Chief Executive of the Lagos Free Zone (LFZ), Mr. Dinesh Rathi, has said that the LFZ is expected to contribute $12 billion to Nigeria’s Gross Domestic Product (GDP)...

The Federal Government, on Monday, announced that no unlicensed petroleum product dealer would be allowed to load products from June 1, 2023, as it vowed to shut down such businesses...

1. Our petroleum products to hit market July – Dangote The Chairman of Dangote Group, Aliko Dangote, has said that the first tranche of petroleum products from the refinery will...

The Bank of Industry said its asset base rose from N1.71tn to N2.38tn in 2022 financial year. The Chairman, Board of Directors, BOI, Mallam Aliyu Dikko, disclosed this during the...

The International Monetary Fund has disclosed that 98.5 per cent of eNaira wallets have been unused one year after the launch of the central bank digital currency. This disclosure was...

The Chairman, NEM Insurance Plc, Dr. Fidelis Ayebae, has said the underwriting company paid N12.3bn to its claimants in 2022 financial year. He disclosed this during the 53rd annual general...

Sovereign Trust Insurance Plc has said its gross premium written rose by N20 per cent in 2022 financial period. The Deputy General Manager/Head, Corporate Communications & Investor Relations, STI, Olusegun...