Category: Business

|By Adejumo Adekunle Refinery ends legal battle over import licencesPetroleum importation drops as Dangote products hit the market Dangote Petroleum Refinery and Petrochemicals has officially withdrawn its lawsuit against the…

By Babatunji Wusu Aliko Dangote credits President Bola Tinubu’s Naira-for-Crude initiative and Nigeria First policy with stabilizing crude supply to local refineries and strengthening the naira-to-dollar exchange rate. The Dangote…

|By Adejumo Adekunle Group says move will curb oil theft, restore investor confidenceReforms aim to revive abandoned fields, boost daily output to 2.5 million barrels The Centre for Energy Governance…

|By Adejumo Adekunle …Electricity consumers risk erratic power supply if they pay new rate…Oduntan says EERC’s directive unsustainable, warns of looming setbacks The Association of Nigerian Electricity Distributors (ANED) has…

|By Adejumo Adekunle …Engineers assess aircraft as airline apologises for delays, reschedules trips Air Peace has temporarily disrupted its flight operations after one of its planes suffered a bird strike,…

|By Adejumo Adekunle …Second cut in one week triggers fresh reactions…Independent marketers undercut with N885 pump price The Nigerian National Petroleum Company Limited (NNPCL) has again lowered its pump price…

|By Adejumo Adekunle …Group backs House report exposing procurement violations, demands swift anti-graft action…Auditor-General’s review reveals financial recklessness in key federal institutions The Economic and Financial Crimes Commission (EFCC) and…

|By Adejumo Adekunle The Nigerian naira continued its downward trend against the United States dollar at the official foreign exchange market on Tuesday, despite the Central Bank of Nigeria (CBN)…

|By Adejumo Adekunle …Africa spends $90bn annually on refined product imports…Continental reliance makes Africa dumping ground for substandard fuels President of the Dangote Group, Aliko Dangote, has disclosed that his…

|By Adejumo Adekunle …New base year expands economy by over 40%…Real growth stands at 3.38% despite economic shocks Nigeria’s Gross Domestic Product (GDP) has surged to ₦372.8 trillion in 2024…