Business Archives - Page 2 of 8

24 Mar 25

Naira-for-crude: Marketers fear price hike as FG suspends sale to Dangote

•IPMAN slams depot owners for stockpiling product, FG, Dangote resume talks today Following the Dangote Petroleum Refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling Premium Motor Spirit, otherwise known as petrol, The PUNCH reports. The retailers are storing the product to ensure…

18 Mar 25

Amosun, Dangote differ over cement plant demolition

The President of Dangote Group, Aliko Dangote, has accused former Ogun State Governor, Ibikunle Amosun, of demolishing his cement plant twice during his tenure. Dangote made the claim on Monday during a meeting with Governor Dapo Abiodun. But in a swift reaction, Amosun, in a statement by his media office,…

18 Mar 25

Dangote To Build Seaport, Cement Plant Projects In Ogun State

Aliko Dangote has revealed plans to build a seaport and expand cement production in Ogun State. During a meeting with the Ogun State officials on Monday, Dangote told Governor Dapo Abiodun and the Executive Council that his company will construct what he described as “the largest port in the country”…

13 Mar 25

Naira Down To ₦1,585/$ In Parallel Market

The Naira Wednesday depreciated to ₦1,585 per dollar in the parallel market from ₦1,565 per dollar on Tuesday. Similarly, the Naira depreciated to ₦1,546 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the…

06 Mar 25

NAFDAC promises fake beverage producers ‘hard times’, arrests one

The National Agency for Food and Drug Administration Control has promised “hard times” to producers of adulterated beverages following the arrest of one Anthony Chidi inside the Mile 3 Market in the Diobu area of Port Harcourt, the state capital. The Public Relations Officer, South-South Zone, NAFDAC, Cyril Monye, disclosed…

05 Mar 25

NNPCL Eyes Production Increase Of 550,000bpd By 2027

A subsidiary of the Nigerian National Petroleum Company Limited (NNPC), NNPC Exploration and Production Limited (NEPL), has said it plans a daily production increase from its current production level of 370,000 barrels day, to 550,000 barrels per day by 2027. Managing Director of NNPC Exploration and Production Limited (NEPL), a…

04 Mar 25

Like Dangote, NNPCL Slashes Petrol Price As Competition Heightens

Competition for market share continues to heighten between the Dangote Refinery and the Nigeria National Petrol Company Limited, as the latter has slashed Premium Motor Spirit’s price to ₦860 per litre. A market survey by Channels Television on Tuesday confirmed the development. The price cut by the NNPCL comes just…

04 Mar 25

BUA Cement Announces Final Dividend Of ₦2.05 Per Share

BUA Cement has announced a final dividend of N2.05 per ordinary share of 50 Kobo each for the period ending 31st December 2024. Payable to registered members, the announcement detailed in a press release published on the Nigerian Exchange Group (NGX) on Monday, was signed by the company secretary, Hauwa…

04 Mar 25

60% Manufacturers Forced Off-Grid By Unreliable Power Supply, Says Adelabu

More than 60 per cent of manufacturing companies in Nigeria have been forced to exit the national grid due to unreliable power supply, according to the Minister of Power, Adebayo Adelabu. The Minister who disclosed this at the release of a National Integrated Electricity Policy (NIEP) and the public presentation…

01 Mar 25

Nigeria’s air traffic system at risk due to staff shortage — NATCA

Nigerian Air Traffic Controllers Association, NATCA, has warned that there is a shortage of Air Traffic Controllers, ATCOs, in the country, saying there is a need to recruit and train. The President of NATCA, Mr Amos Edino, lamented the excessive workloads, extended duty hours and stress suffered by ATCOs, saying…

Business

Naira-for-crude: Marketers fear price hike as FG suspends sale to Dangote

Amosun, Dangote differ over cement plant demolition

Dangote To Build Seaport, Cement Plant Projects In Ogun State

Naira Down To ₦1,585/$ In Parallel Market

NAFDAC promises fake beverage producers ‘hard times’, arrests one

NNPCL Eyes Production Increase Of 550,000bpd By 2027

Like Dangote, NNPCL Slashes Petrol Price As Competition Heightens

BUA Cement Announces Final Dividend Of ₦2.05 Per Share

60% Manufacturers Forced Off-Grid By Unreliable Power Supply, Says Adelabu

Nigeria’s air traffic system at risk due to staff shortage — NATCA

Just in: Diamond Bank founder, Pascal Dozie, dies at 85

Reverse Fubara’s suspension, US Law Institute tells Tinubu

Naira Falls To N1,629/$ Despite $668m CBN Intervention

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