Business & Economy
Lafarge Africa Enhances Customer Logistics with 155 New Trucks
Lafarge Africa Plc has distributed 155 trucks to its customers as part of a strategic initiative to enhance logistics capabilities and operational efficiency. ...
Business & Economy
World Bank Debars Two Nigerian Firms and CEO for Corruption
The World Bank Group has announced the debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing ...
Business & Economy
PETROAN Raises Alarm Over Looming Fuel Scarcity in Rivers State Amid Oil Sector Shutdown
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over an impending fuel scarcity in Rivers State, attributing the ...
Business & Economy
Credit to Manufacturing Sector Declines for the First Time in Two Years Amid Rising Interest Rates
The Nigerian manufacturing sector experienced its first quarterly decline in credit allocation in two years, following a reduced appetite for bank loans driven ...
Business & Economy
Dangote Refinery Assures Nigerians of ₦970 Per Litre Petrol Price Nationwide Despite Price
Dangote Refinery has announced a 5% increase in its ex-depot price of petrol, citing the significant rise in global crude oil prices. The ...
Business & Economy
Arik Air Shareholders Deny Alleged N455bn Debt to AMCON
Shareholders of Arik Air, the indigenous airline currently under the control of the Asset Management Corporation of Nigeria (AMCON), have refuted claims that ...
Business & Economy
Telecom Tariff Hike Looms: Nigerians to Face 30-60% Increase in Calls, Data, and Services
Nigerians are set to pay 30-60 percent more for telecommunications services, including calls and data, following a statement by the Minister of Communications ...
Business & Economy
FAAN Seeks N580 Billion for Urgent Runway Repairs Across Nigerian Airports
The Federal Airports Authority of Nigeria (FAAN) has revealed that N580 billion is urgently needed to rehabilitate and upgrade runways at airports nationwide. ...
Business & Economy
NNPCL Remits N10 Trillion to Federation Account, Seeks Forensic Audit on Fuel Subsidy Spending
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, disclosed that the company remitted a staggering ...
Business & Economy
Nigeria’s Inflation Hits 34.80% in December, Private Sector Raises Concerns
Nigeria’s inflation rate surged to 34.80% in December 2024, marking a slight increase from 34.60% recorded in November, according to the National Bureau ...