Dangote Refinery Saves Nigeria over ₦10bn Annually in FX – Esan
The Senior General Manager, Corporate Communications at Dangote Industries Ltd., Sunday Esan, says the Dangote Refinery has saved Nigeria more than ₦10bn annually in foreign exchange…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Otti Reaffirms Commitment to Foreign Investment as Abia–Türkiye Summit Opens
Abia State, Governor Alex Otti on Tuesday placed foreign investment at the centre of Abia State’s economic strategy as he delivered the keynote address at the…
$500m W/Bank Fund Idle while States Struggle for Water Solutions — Self Help Africa
Despite constant claims of underfunding in Nigeria’s (Water, Sanitation and Hygiene) WASH sector, Self Help Africa has stated that more than $500 million in World Bank-backed…
World Toilet Day 2025: Nigerian Red Cross Calls for Urgent Investment in Sanitation
The Nigerian Red Cross Society, NRCS, has urged the Federal Government and relevant stakeholders to step up investment in sanitation infrastructure as the nation joins the…
FG Suspends 15% Import Duty on Petrol, Diesel
The Federal Government has suspended the planned implementation of a 15 per cent import duty on premium motor spirit (PMS) and automotive gas oil (diesel). This…
BREAKING: President Tinubu Approves 15% Import Duty on Diesel and Petrol
President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), commonly known as petrol. In a letter dated…
Ex-NNPC boss loses US property to court over $2.1m bribery case
A United States District Court has ordered the interim forfeiture of a California property belonging to Paulinus Okoronkwo, a Nigerian-American and former General Manager of the…
Access Bank UK Funds CEO’s £15m London Mansion
The Chief Executive Officer of Nigeria’s banking giant, Access Bank Plc., Mr. Roosevelt Ogbonna has reportedly acquired a £15 million mansion in one of London’s most…
Again, NNPC Marketers Increase Petrol Price
The Nigerian National Petroleum Company Limited (NNPC) and independent marketers have once again raised the pump price of petrol across the country. The new price now…
‘You lied, 139 million Nigerians not living in poverty, FG tells World Bank
The Presidency has faulted the World Bank’s latest economic report, which estimated that about 139 million Nigerians are living in poverty, describing the figure as exaggerated…