Business

The Independent Petroleum Marketers Association of Nigeria has raised concerns over the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited to ensure it is not sold at a higher price than imported fuel. IPMAN argues that such a disparity would be counterproductive to the…

This was disclosed at a Town Hall Meeting at the State House Banquet Hall Abuja, hosted by Vice President Kashim Shettima. The meeting has in attendance Governor Inuwa Yahaya of Gombe state, some ministers, heads of over 50 federal government agencies and their reform teams, representatives of the organised private…

The Minister of Agriculture and Food Security, Senator Abubakar Kyari, has disclosed that the rise in the price of tomatoes is a result of an infestation known as Tomato Ebola, which reduced its availability. Kyari stated this in a post on X.com on Monday while responding to a user who…

Dangote Cement has been honoured with the top prize at the inaugural Corporate Reporting Award, jointly organized by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited. The leading cement manufacturer received the Platinum award for excelling across all three reporting categories, showcasing exemplary reporting practices that…

The Nigeria custom service (NCS) has signed a Memorandum of Understanding (MoU) with the General Administration of Customs of the People’s Republic of China (GACC) aimed at fostering a bilateral relationship that will enhance trade and drive economic growth. Leading some of his management team in Shenzhen, China where the pact…

After paying a condolence visit to the National Security Adviser (NSA) Nuhu Ribadu over the demise of his brother, the Group Chief Operating Officer of SP Offshore Group, Obafemi Adekunle has announced the company’s plan for a military grade drone manufacturing plant launch with cutting edge technologies, a first of its kind…

The International Monetary Fund (IMF) has suggested that Nigeria enact regulatory measures requiring global cryptocurrency trading platforms to register or seek licenses to operate within the country. This report stresses the importance of establishing a robust regulatory framework to oversee the burgeoning cryptocurrency market in Nigeria, aiming to ensure financial…

The Central Bank of Nigeria, CBN, has directed 0.005 percent Cybersecurity Levy deductions on electronic transfers. A circular issued by the CBN, yesterday, directed the deductions would become effective from the next two weeks. According to the CBN, the deductions shall be applied at the transaction origination. They will be put together…

Massive internet outages have been reported in Nigeria following damage to international undersea cables supplying the country with connectivity. Telecommunications companies and a number of banks which rely on the affected cables for internet services have been affected by the outage. According to reports, the damage affected major undersea cables…

The Nigerian Exchange (NGX) has started the delisting process for the removal of the shares of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc from the stock market. A regulatory document obtained yesterday indicated that the NGX has suspended trading on the shares of GSK Nigeria.  The NGX stated that the suspension…