Dangote Refinery To Sell 12.7% NNPC Stake
Dangote Refinery plans to sell a 12.7% stake in 2024 to service its loans, according to a report by Fitch Ratings, a credit rating agency. Fitch…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
JUST IN: CBN Approves Merger Of Unity, Providus Banks
The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and…
BREAKING: First Bank sacks over 100 employees after ₦40bn fraud
First Bank has reportedly sacked over 100 employees in July 2024, four months after discovering that Tijani Muiz Adeyinka, a manager on the operations team, allegedly…
Investors Lose N93 Billion In Nigeria Stock Market Crash
The Nigerian stock Market experienced a decline on the first trading day of the week on Monday following the broader global market downturn. This decline resulted…
NCC Directs Telcos on Tariffs Transparency
The Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators to simplify their tariff plans, bundles, and promotional activities. This move aims to provide…
NNPCL Announces Launch of New Utapate Crude Oil Blend, Targets 50,000bpd
NNPC has launched a new crude oil blend with a current production of 28,000 barrels per day, aiming for 50,000. The Nigerian National Petroleum Company Limited…
FULL TEXT BY HIS EXCELLENCY BOLA AHMED TINUBU, PRESIDENT AND COMMANDER-IN-CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA ON THE NATIONWIDE PROTEST DATE: SUNDAY 4TH AUGUST 2024
My fellow Nigerians, To address this, we immediately launched our Compressed Natural Gas Initiative (CNG) to power our transportation economy and bring costs down. This will…
WhatsApp to discontinue service in Nigeria over $220m fine
One week after Nigeria’s Federal Competition and Consumer Protection Commission imposed a $220 million fine on WhatsApp for a data privacy breach, the Meta-owned company may…
Lagos Govt to tax content creators, remote workers, influencers N200b annually
The Lagos State government has unveiled an ambitious plan to generate N200 billion annually by expanding its income tax base to include remote workers and leveraging…
BREAKING: Tinubu orders NNPC to sell crude to Dangote Refinery in Naira
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser…