Despite launching Africa’s largest oil refinery, a landmark challenge meant to revolutionize the continent’s gasoline trade, Nigeria’s Dangote Petroleum Refinery remains to be importing 9 […]
Category: Business
CBN Keeps Key Interest Rate Steady at 27.5% Amid Inflation Concerns
In a carefully watched choice, the Central Bank of Nigeria (CBN) has as soon as once more left the Monetary Policy Rate (MPR) unchanged at […]
2025 Budget: Senate Approves Tinubu’s $21bn Loan Request
The Senate on Tuesday, July 22, gave the inexperienced mild to President Bola Tinubu’s request to borrow over $21 billion for the 2025–2026 fiscal interval. […]
Petrol Exports Hit One Million Tonnes in 50 Days — Dangote
Aliko Dangote, President of the Dangote Group, says Nigeria has turn out to be a web exporter of refined petroleum merchandise, along with his refinery […]
Nigeria Now Spends Half Its Revenue on Debt Servicing — Oyedele
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated Nigeria now spends lower than 50 per cent of its income […]
Nigeria’s GDP Rebased to ₦205trn, Up 41% from 2014
Nigeria has formally rebased its Gross Domestic Product (GDP), setting the 2019 base 12 months at ₦205.09 trillion—a 41.1% improve in comparison with the final […]
Reps probe 25 insurance coverage protection companies over non-remittance of multi-billion naira earnings
The House of Representatives on Monday launched an investigation into alleged non-remittance of multi-billion-naira earnings belonging to the federal authorities by 25 insurance coverage protection […]
MTN Commits $17 Million to Improve Gauteng Group, Expands 5G to Underserved Areas
MTN South Africa is investing R300 million (about $17 million) into upgrading its group infrastructure all through Gauteng, a province dwelling to a superb portion […]
Nigeria’s Economic system Expands by 3.13% in Q1 2025
The Nationwide Bureau of Statistics (NBS) has confirmed that Nigeria’s financial system expanded by 3.13 % in Q1 2025, up from 2.27 % in the […]
IPMAN Eastern Zone appeals to NNPC GMD to release over ₦5bn held by NNPC Retail Ltd
The leadership and members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Eastern Zone are demanding the immediate release of over N5billion held in […]