Business Archives - Page 5 of 10

28 Feb 25

Nigeria, Saudi Arabia Sign Deal To Boost $7.7trn Halal Economy

The Federal Government has inked a deal with Saudi Arabia’s Halal Products Development Company (HPDC) to make Nigeria a leading player in the global halal market valued at $7.7 trillion. At the signing of the deal in Saudi Arabia on Wednesday, Vice President Kashim Shettima said the agreement is a…

27 Feb 25

Importers fret as Dangote lowers petrol price again

Importers of petroleum products have lamented the repeated reduction of petrol prices by the Dangote Petroleum Refinery, The PUNCH reports. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper. On Wednesday, the Dangote refinery…

27 Feb 25

Unstable electricity hindering industrialisation in Nigeria – Dangote

The President of the Dangote Group, Alhaji Aliko Dangote, has hinged Nigeria’s industrialisation challenges on unstable electricity. Dangote said running a business abroad is 30 per cent cheaper than running the same business in Nigeria and other African countries due to stable electricity supply in developed countries. Africa’s richest man…

23 Feb 25

Nigeria, China sign 7.6b Euros clean energy deal

Nigeria and China have signed a €7.6 billion green hydrogen energy agreement aimed at gradually transitioning from fossil fuels to clean energy in line with global best practices. The landmark deal was formalized over the weekend in Uyo, Akwa Ibom State, between the Federal Government, APPL Hydrogen Limited (AHL), and LONGi…

20 Feb 25

Nigeria imports 25m litres of petrol daily, FG confirms

The Federal Government on Wednesday disclosed that Nigeria’s petrol consumption has dropped to 50 million litres per day with local refineries supplying half of the daily requirements. The government said the other half is being sourced through importation. It clarified that none of the companies involved in domestic refining was…

16 Feb 25

FG reduces oil theft to 5,000 barrels per day

The Nigerian Upstream Petroleum Regulatory Commission has revealed that the volume of stolen crude oil in the country has reduced to 5,000 barrels per day, enabling oil production to rise to 1.75 million bpd as of January 2025. The Commission Chief Executive, Gbenga Komolafe, disclosed this as part of reforms…

16 Feb 25

18 killed in India festival train stampede

At least 18 people died during a stampede at a railway station in India’s capital late Saturday when surging crowds scrambled to catch trains to the world’s largest religious gathering, officials and reports said. The Kumbh Mela attracts tens of millions of Hindu faithful every 12 years to the northern…

15 Feb 25

Police kill four kidnappers, rescue victim in Kebbi

The Kebbi State Police Command has successfully neutralised four suspected kidnappers, arrested one, and rescued a 60-year-old man, Umaru Bawa, in Suru Local Government Area of the state. The police also recovered ₦3 million, which had already been paid as ransom. A statement made available to newsmen on Saturday by…

14 Feb 25

WE ARE DEVASTATED OVER THE EXIT OF PA AYO ADEBANJO

FRIDAY, FEBRUARY 14, 2025. PRESS RELEASE WE ARE DEVASTATED OVER THE EXIT OF PA AYO ADEBANJO It is with shock and sorrow that we received the news of the demise of Pa Ayo Adebanjo, a first generation nationalist, pro-democracy champion, and leader of the Pan-Yoruba Socio-political Organization, Afenifere. Chief Adebanjo…

14 Feb 25

Canada disrespected Nigeria by denying CDS visa – Tunji-Ojo

Minister of Interior, Olubunmi Tunji-Ojo, has strongly criticised the Canadian Embassy for denying visa to Nigeria’s Chief of Defence Staff, General Christopher Musa. General Musa revealed on Thursday, during the maiden annual lecture of the National Association of the Institute for Security Studies, that he and some members of his…

Business

Nigeria, Saudi Arabia Sign Deal To Boost $7.7trn Halal Economy

Importers fret as Dangote lowers petrol price again

Unstable electricity hindering industrialisation in Nigeria – Dangote

Nigeria, China sign 7.6b Euros clean energy deal

Nigeria imports 25m litres of petrol daily, FG confirms

FG reduces oil theft to 5,000 barrels per day

18 killed in India festival train stampede

Police kill four kidnappers, rescue victim in Kebbi

WE ARE DEVASTATED OVER THE EXIT OF PA AYO ADEBANJO

Canada disrespected Nigeria by denying CDS visa – Tunji-Ojo

APC may pick Ganduje’s successor at make-or-break NEC meeting

Alozie’s Late Strike Sends Super Falcons To WAFCON Final

Nigeria beat Jamaica 5-4 on penalties to win Unity Cup

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