Airfares may rise as FG set to raise Operators’ levy by 800%
Amid complaints by the Airline Operators of Nigeria over multiple taxation, the Federal Government has expressed its intention to further raise its charges. The Managing Director…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Naira Depreciates Below N1600 Against Dollar
On Thursday, the value of the naira dropped below N1,600 per dollar at the official foreign exchange market, reaching a new low. FMDQ data on Thursday…
Massive jobs applications slows down NNPC website
A massive influx of job applications has caused technical issues on the Nigerian National Petroleum Company Limited’s website, leading to slow load times and difficulties for…
Dangote, Other refineries to end fuel importation
Nigeria’s local refinery owners, including the Dangote Petroleum Refinery, claim they can end the country’s reliance on imported refined petroleum products within 18 months, provided the…
ITU Ranks Nigeria High in Digital Transformation Readiness
A new report of the International Telecommunications Union (ITU), has ranked Nigeria very high at 71 per cent, in comparative legal, policy and governance frameworks towards…
Gabon president invites Dangote to invest in cement, fertiliser production
Aliko Dangote, the chairman of Dangote Industries Limited, has been invited by President Brice Oligui Nguema of Gabon to invest in cement and fertiliser production in…
BREAKING: CBN Raises Interest Rate to 26.75%
The Central Bank of Nigeria (CBN) has again increased the interest rate, making it more expensive for people and businesses to borrow money. The CBN Governor,…
FG Moves To Reunite Dangote With Regulators
The Federal Government has weighed into the rift between Africa’s wealthiest man, Aliko Dangote, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Daily Trust…
UNILORIN Wins 500M Naira National Tertiary Merit Award
The University of Ilorin (UNILORIN) has won the sum of ₦500 million after emerging as the winners of the fourth edition of the National Tertiary Admissions…
Aliko Dangote Offers To Sell Refinery To Federal Government-Owned NNPC
Aliko Dangote, the chairman and President of Dangote group has asked the Nigerian National Petroleum Corporation Limited (NNPCL) to buy out his Dangote Refinery after allegations…