Again, Dangote Refinery Slashes Petrol Price to N865
The Dangote Petroleum Refinery has announced a reduction in the ex-gantry price of Automotive Gas Oil (diesel) to N865 per litre. This marks a N15 decrease…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
FG Signs $328M Agreement to boost Nigeria’s electricity supply
The Federal Government of Nigeria (FGN) Power Company has announced the signing of a major Engineering, Procurement, Construction and Financing (EPC&F) contract with China Machinery Engineering…
Pascal Dozie, Founder of Diamond Bank and Former MTN Nigeria Chairman, Dies at 85
Pascal Dozie, founder of the defunct Diamond Bank Plc and former chairman of MTN Nigeria, has died at the age of 85. A statement issued by…
Fidelity Bank Distributes Food Packs to FCT Communities
As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja residents.…
Crude Oil Price Crash May Push Petrol Below N400/Litre – Refiners
Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below N400 per litre with the current…
NNPC Ltd Announces New Senior Management Team
Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the appointment of…
AI, Key to Nigeria’s Next Fintech Evolution – ‘DeRemi Atanda
Nigeria’s fintech sector has thrived on bold ambition and relentless execution, but as it enters its next phase, strategic intelligence is crucial. According to ‘DeRemi Atanda,…
Introducing N5000, N10,000 denomination fake – CBN
The Central Bank of Nigeria, CBN, has denied introducing new N5,000 and N10,000 notes. CBN described the reports as false. There has been widespread reports that…
JP Morgan To Establish Bank Branch in Nigeria
American banking giant JP Morgan is set to convert its Lagos representative office into a full-fledged business branch as part of its broader strategy to expand…
BREAKING: Dangote Refinery announces suspension of petrol sale in naira
Dangote Petroleum Refinery has announced suspension of sale of petroleum products in naira. This was announced in a notice sent to petroleum marketers, on Wednesday afternoon.…