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July 8, 2026

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July 8, 2026

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Business

NNPC Denies Terminating Crude Oil Deal with Dangote Refinery

KEY POINTS NNPC clarified that its six-month crude oil sales agreement with Dangote Refinery...

March 11, 2025

Business

Dangote Refinery Faces Trouble as NNPC Ends Naira-for-Crude Deal

NNPC ends the naira-for-crude deal, increasing costs for local refiners. Dangote Refinery adjusts while fuel prices could rise.

March 11, 2025

Business

NNPCL Ends Naira for Crude Supply to Dangote, Other Refineries

NNPCL has stopped its Naira for Crude supply to Dangote and other refineries, with discussions ongoing for a new crude agreement.

March 11, 2025

Business

NAFDAC Cracks Down on Illegal Sachet Water Production in FCT

The FCT-based illegal sachet water production facilities counted more than 40 closures after NAFDAC discovered serious hygiene breaches.

March 5, 2025

Business

NNPCL, Dangote Price Reduction Brings Relief to Retailers

NNPCL Retail Ltd together with Dangote Refinery decreased PMS costs thereby providing relief to Nigerians at the same time they established a retailer refund plan.

March 4, 2025

Business

Customs, CBN Partner to Automate FX Transactions in Trade

The Nigeria Customs Service along with the CBN dedicates efforts to automate foreign exchange transactions as well as trade facilitation while raising revenue collecting capabilities.

March 3, 2025

Business

Lagos Levies Disrupt LPG Supply As Marketers Warn Of Scarcity

Lagos state levies create disruptions in the supply capabilities of the Dangote Refinery leading to concerns about an imminent cooking gas shortage throughout the country.

February 26, 2025

Business

CBN Directs Banks to Publish Dormant Accounts

All banks must use national publications to disclose both dormant accounts and unclaimed balances according to CBN regulations.

February 19, 2025

Business

Cadbury Reports N10.4billion Loss for 2024

N10.4billion remained the reported operating deficit for Cadbury Nigeria during 2024 because of its successful revenue expansion.

January 28, 2025

Business

MTN, Transcorp Power Propel Stock Market’s Weekly Gains

The NGX ASI shows growth of 1.2 percent through its first week of February marking the start of year-end earnings reporting.

January 27, 2025

Business

Nigeria’s Inflation Set to Decline to 26 percent in 2025 – PwC

According to PwC projections for 2025 Nigeria's inflation rate should reach 26% while GDP growth remains modest and exchange rates stabilize.

January 27, 2025

Business

SEC Warns All Nigerians Investing Through Risevest, Stecs

Regulatory authorities from the SEC issued warnings to Nigerians about the risky investment schemes operated by unlicensed cryptocurrency platforms Risevest and Stecs.

January 27, 2025