Business

Dangote Refinery debunks report of selling PMS between N1, 015, N1, 028/l

Some oil marketers had reportedly on Friday said the price of petrol, produced by the Dangote Refinery stood between N1, 015 and N1, 028/litre. They said it would be reasonable…

August 14, 2025

Business

Nigeria’s Oil Imports Drop by 35% in Q2, CBN Report Reveals

Nigeria’s oil imports saw a sharp decline of 35% in the second quarter of 2024, totalling $2.79 billion, down from $4.31 billion in the first quarter of the year. This…

August 14, 2025

Business

World Bank Flags $32m Missing in Nigeria’s Water Project Funds

The World Bank has uncovered a staggering $32 million in unaccounted funds in a Nigerian water sector project, sparking concerns of potential embezzlement and financial mismanagement. The discovery, made through…

August 14, 2025

Business

Nigeria Saves $20 Billion from Subsidy Removal, Naira Float Policies – Edun

The Minister of Finance, Wale Edun, revealed that Nigeria has saved a significant $20 billion as a result of the removal of the petrol subsidy and the implementation of market-based…

August 14, 2025

Business

NNPCL Hits Back at Rivers Community Leader Over Refinery Claims

The Nigerian National Petroleum Company Limited (NNPCL) has swiftly rejected claims made by Timothy Mgbere, a leader from Alesa community in Rivers State, who accused the company of misleading…

August 14, 2025

Business

NNPC Kicks Off Export Operations from Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPC) has commenced operations at its Port Harcourt refinery with the sale of its first cargo of low sulfur straight run fuel oil (LSSR).…

August 14, 2025

Business

Coca-Cola Nigeria Challenges N186 Million Penalty, Cites 15 Legal Grounds in Appeal

Coca-Cola Nigeria Limited (CCNL) has formally appealed the N186 million penalty imposed on it by the Federal Competition and Consumer Protection Commission (FCCPC), asserting that the fine, related to its…

August 14, 2025

Business

Dangote Partners MRS to Sell Petrol at ₦935/Litre Nationwide

In a move expected to bring relief to Nigerians, Dangote Refinery has announced a partnership with MRS to sell petrol at ₦935 per litre across the country. This development comes…

August 14, 2025

Business

World Bank Reveals Inefficiencies Cost Nigeria, Others Billion Dollars

A report by the World Bank has exposed the significant losses Nigeria and other developing nations incur due to inefficiencies in public spending. The report, titled "How Can Developing Countries…

August 14, 2025

Business

China Bankrolls Kano-Kaduna Railway Project With $254m Loan

The China Development Bank (CDB) has approved a $254.76 million loan to support the construction of the Kano-Kaduna railway project in Nigeria. The Kano-Kaduna railway spans a total of 203…

August 14, 2025