NNPC transforms to new company from Friday
The Nigerian National Petroleum Corporation (NNPC) will from Friday, July 1 become a different entity in its operation. The state-owned...
Nigeria Petrol subsidy hits N2.1trn
Nigeria has incurred an estimated petrol subsidy of N2.1 trillion in the first six months of this year, according to...
Investors make N140bn as Nigeria’s stock market maintains bullish run
The Nigerian capital market maintained its bullish run on Monday following the 0.49 percent rise in equity capitalisation at the...
BUSINESS ROUNDUP: Crude oil trades at $111/barrel; Price of beverages, sweetened drinks to go up; Other stories
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week...
Dangote Refinery can curb Nigeria’s petrol import and scarcity crises
The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery is expected to curb Nigeria’s petrol import and scarcity...
Kenya-based food-tech startup Kune shuts down due to lack of funding
Kenya-based start-up Kune has decided to wind up its operations barely a year after inception. The firm is the latest...
Amidst Fuel scarcity in Lagos and Abuja, Independent Petroleum Marketers Association of Nigeria allays fears over fuel price increase, reiterates N165/litre benchmark
Premium Motor Spirit (PMS), also known as petrol, would not be sold beyond N165 per litre, according to the Independent...
Nigeria begins decentralisation of power grid, invests $550m in power sector
President Muhammadu Buhari said on Tuesday the Federal Government has commenced the decentralisation of the national grid to address the...
Elon Musk makes Aliko Dangote’s net-worth in one day, as Nigerian billionaire loses N105.33bn
Surge in demand for Tesla shares on Tuesday made the Chief Executive Officer of the company, Elon Musk, richer, while...
World Bank condemns CBN policies, says they place Nigeria on fiscal time bomb
The World Bank has declared that the Central Bank of Nigeria (CBN) policies are undermining the business environment within the...