NNPCL Confirms Stake in Dangote Refinery, Refutes Claims of Sabotage
The Nigerian National Petroleum Company Limited (NNPCL) has proudly confirmed its ownership stake in the Dangote Refinery, according to Group Chief Executive Officer, Mele...
MAN Warns of Manufacturing Sector Crisis Amid Naira Depreciation
16 Major Firms Lose N792 Billion Due to Forex Scarcity, Rising Costs
Manufacturers Struggle as Dollar Exchange Hits NGN1,900
The Chairman of the Ogun...
Surging Inflation, Reduced Consumer Purchasing Power Drive 357% Spike in Unsold Inventory for Nigerian Manufacturers
The inventory of unsold finished goods in Nigeria’s manufacturing sector has surged by 357.57% year-on-year, reaching N1.24 trillion in the first half of 2024,...
Delta State Proposes N936B Budget for 2025, Prioritizing Infrastructure, Education, Economic Growth
The Delta State Government has approved the transmission of a proposed N936 billion budget for 2025 to the State House of Assembly for review...
Dangote Refinery to Begin Fuel Exports Across Africa Amid Local Import Controversies
The Dangote Refinery and Petrochemical plant is preparing to begin fuel exports to South Africa, Angola, and Namibia, with negotiations in advanced stages, according...
Naira Strengthens in Parallel Market, Weakens in Official Market as FX Turnover Drops
The Naira appreciated yesterday in the parallel market, climbing to N1,725 per dollar from last Friday's rate of N1,735.
However, in the Nigerian Autonomous Foreign...
Stop Frustrating Dangote Refinery – Emir Sanusi
Emir of Kano, Muhammad Sanusi II yesterday decried what he described as the frustration of Dangote Refinery on account of vested interests.
The emir said...
Dangote Refinery Products: NNPCL not sole offtaker – Spokesperson
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has no intention of becoming the sole offtaker of Dangote Refinery Limited (DRL) or...
Petrol Price Seen Hitting ₦‎1,300/Litre On NNPC Cash Crunch
The premium motor spirit (PMS), also known as petrol, is expected to sell at N1,300 per litre, largely due to the cash crunch that...
Banking stocks, Oando, others add N349bn to investors’ portfolios
Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalisation appreciated by 0.63 per cent to close the...
