The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United …
Report
Nigeria is moving to criminalise the destruction of broadband fiber cables in response to ongoing grievances from major …
Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil …
- Business NewsNews
Four pharmaceutical firms suffered N8bn forex loss in 2023 – Report
by Ikenna NgereThe weakening of the naira resulted in a combined foreign exchange loss of N8.31bn for four pharmaceutical firms listed …
- Business NewsNews
Lagos-Calabar highway project threatens 80 businesses, 16,000 jobs – Report
by Ikenna NgereA report by the leisure, and lifestyle destination development company, Landmark Africa Group, has said the destruction of its …
Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is …
- Business NewsNews
Private sector makes $236bn illegal profit from labour annually – Report
by Ikenna NgereThe private sector generates $236bn in illegal profits annually, a new study by the International Labour Organisation has …
Oil and gas giant, Shell Plc, has said around 50 per cent of total routine and non-routine flaring …
- Business NewsNews
Only seven banks can meet CBN recapitalisation requirements – Report
by Ikenna NgereNo fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the …
The official foreign exchange market, the Nigerian Autonomous Foreign Exchange Market, witnessed a 40.46 per cent drop in …