The naira depreciated against the dollar across foreign exchange markets to begin the week despite a drop in Nigeria’s inflation. The Central Bank of Nigeria’s […]
Category: Economy
Dangote refinery polypropylene set to hit market
The Dangote oil refinery has commenced the startup of its polypropylene facility in Lagos, The PUNCH reports. Our correspondent gathered that the polypropylene facility will […]
Awarding Lagos-Calabar coastal highway project to Hitech devoid of corruption: Umahi
The Federal Government through the Minister of Works, Senator Dave Umahi on Saturday explained why it awarded the Lagos-Calabar Coastal Highway project to Hitech Construction […]
Nigeria’s $1.1bn loan request may be granted soon – World Bank
The World Bank may approve a total of $1.13bn in loans for Nigeria before the end of March 2025 as part of ongoing efforts to support […]
Dangote refinery gets fresh crude cargoes from NNPCL
The Dangote Petroleum Refinery has received additional crude oil supply from the Federal Government as it was gathered on Friday that large volumes of crude […]
Dangote refinery loses N32bn after petrol price slash
The Dangote oil refinery will lose up to N32.5bn from 500 million litres stock of premium motor spirit following the recent price cut, Politico Gazette […]
Fuel landing cost is now N774/litre
The landing cost of premium motor spirit popularly called fuel dropped to N774.82 per litre, cheaper than the ex-depot price of Dangote Refinery’s fuel, which […]
Nigeria’s stock market down by 0.43%, investors lose N285 billion
The stock market on Tuesday witnessed a downturn as performance indices declined by 0.43 per cent. Specifically, the Nigerian Exchange Ltd market or the stock […]
Over 8,000 telecom subscribers switched operators in Jan – NCC report
Mobile number portability in Nigeria increased by 190 per cent in January 2025, with 8,708 subscribers switching networks compared to 2,998 in December 2024, data […]
ValueTech Launches Tolex, Targeting Nigeria’s Consumer Electronics Market
ValueTech Enters Nigerian Market with Launch of Tolex Consumer Electronics ValueTech, a Nigerian technology company, has launched Tolex, a new consumer electronics brand designed with […]