Dangote Refinery breaks barrier, produces petrol Dangote refinery broke barrier today as its 650, 000 barrels per day capacity refinery rolled out premium motor spirit (pms), otherwise known as petrol, from its factory. The feat elicited celebrations and palpable excitements among the people who gathered in Lekki area[Read More…]
Breaking: NNPC increases fuel pump price to N897 per litre The Nigerian National Petroleum Corporation, NNPC, Limited has increased its pump price of fuel from N617 per litre to N897 per litre. The increment is coming two days after the company lamented it was owing petrol suppliers N6trillion. The[Read More…]
UBA Summit: Experts stress importance of innovation for business growth Experts at the quarterly Business Series of United Bank for Africa on Thursday highlighted innovation, persistence and regular assessment as key factors in building a business that lasts. The special edition of the Business Series, which is part of activities[Read More…]
Ajaero vows to continue the struggle after police invitation Nigeria Labour Congress President, Joe Ajaero, has vowed to continue the struggle for better welfare for Nigerian workers despite police invitation. He said he is committed to dying for the labour movement if need be. Ajaero spoke to NLC members,[Read More…]
Fidelity Bank Trains 1,276 Women in Digital and AI Skills As part of its commitment to empower women with relevant entrepreneurship skills, leading financial institution, Fidelity Bank Plc, partnered with ImpactHER to host another round of free digital and Artificial Intelligence (AI) skills training for businesswomen. The training,[Read More…]
As foreign exchange debt continues to mount for Nigeria’s foremost brewing company, the Nigerian Breweries Plc, the Nigerian Exchange Limited (NGX), has approved a rights Issue of N600 billion to tackle the problem. The NBL Plc, the largest brewer in the country, plans to offer 22,607,491,232 ordinary shares[Read More…]
AMCON to sell Ibadan DisCo Assets Management Corporation of Nigeria (AMCON) says it plans to sell the loss making Ibadan Electricity Distribution Company (IBEDC) to more efficient investors capable of turning the entity around. AMCON Managing Director/Chief Executive Officer, Gbenga Alade, disclosed this at an interactive session with[Read More…]
Nigeria’s GDP rises by 3.1%, NBS Nigeria’s Gross Domestic Product (GDP) grew by 3.1 % for the second quarter of 2024, National Bureau of Statistics (NBS) disclosed this in its report on Monday. In its Q2 2024 report, the Bureau said Nigeria’s GDP rose year-on-year in real terms[Read More…]
Dangote Refinery to commence petrol production in September Dangote’s 650, 000 barrels per day refinery located in the Lekki area of Lagos State will finally begin the production of premium motor spirit (pms) by next month. The Dangote refinery which is the World’s largest single-train facility of its type, has[Read More…]
Tinubu Appoints Mohammed, Ajayi New DGs for NIA, DSS President Bola Tinubu has appointed new Directors-General for the National Intelligence Agency (NIA) and the Department of State Services (DSS). Special Adviser to the President on Media and Publicity, Ajuri Ngelale, announced this in a statement on Monday. He said, Tinubu[Read More…]
