Power crisis raises product costs by 40% – Report
The poor state of electricity in Nigeria adds 40 per cent to the cost of manufactured products, a new report ...
Wednesday, August 12, 2026
Dangote refinery gets first crude supply
The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources ...
Africa’s annual loss to carbon tax may hit $25bn – AfDB
African Development Bank Group President, Dr Akinwumi Adesina, has warned that a new EU carbon border tax could significantly constrain ...
Forex inflow hits $11bn in two months – CBN
Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed. According ...
NDIC Reports Unclaimed Liquidation Dividends Worth N16.8 Billion
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that liquidation dividends totaling N16.18 billion, intended for depositors of 20 closed ...
Naira Bounces Back in Official Forex Market
In a positive turn of events, the Nigerian naira has shown significant improvement against the United States dollar on the ...
NIBSS Issues Directive to Banks: Exclude Switches and PSSPs from Transfer Lists
In a recent development, banks have received a directive from the Nigeria Inter-Bank Settlement System (NIBSS) to remove non-deposit taking ...
Dangote Refinery Receives First Shipment of Crude Oil
The Dangote refinery, a $20 billion project, has received its first shipment of crude oil ahead of its commencement of ...
What to Watch in the Blockchain Space 2024
As we look ahead to 2024, the blockchain space continues to evolve and expand, offering exciting opportunities for investors, entrepreneurs, ...
Toys and Games Loved by Santa’s Elves
Santa's elves, children around the world eagerly anticipate the arrival of Santa Claus and his magical elves. These enchanting creatures ...
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