Business

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”…

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…

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…

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…

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…

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…

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…

The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment. FCCPC disclosed this in a statement on Thursday by its Director of Corporate…