19
Sep, Thursday
0°C
Current location
Category: blog
Nigeria’s Discos generate N3.95tn revenue in five years
Nigeria’s electricity distribution companies collectively raked in about N3.95tn revenue between 2019 and the first quarter of 2024, data from the National Bureau of Statistics showed. NBS data revealed an…
Read More
Dangote Refinery Boosts Domestic Crude Oil Processing, Reduces Crude Imports from US
The Dangote Petroleum Refinery is reducing its importation of crude from the United States, taking more of Nigeria’s oil for processing, a report by Bloomberg said. The report stated that…
Read More
EIU Report : Delay in crude supply to Dangote Refinery Poses Risk To Nigeria’s Economy
The Economist Intelligence Unit has issued a warning that further delays in crude oil feedstock to the Dangote Petroleum Refinery and Petrochemicals could jeopardise Nigeria’s economic recovery and put additional…
Read More
Oyo Govt Approves N500m For Youth Agribusiness Initiative
Engineer ‘Seyi Makinde’s government in Oyo State has approved N500 million to support beneficiaries of the Youth Entrepreneurship in Agribusiness Project. This decision, announced during an Executive Council meeting presided…
Read More
FG Lifts Suspension On Arik Air’s Operations
The President Bola Tinubu-led federal government has lifted the suspension on the operations of Arik Air’s planes. The airline’s planes were grounded over a dispute between Atlas Petroleum and Arik…
Read More
Dangote Refinery’ll Gulp N1.7tn Crude Monthly,Report Says
The Dangote Petroleum Refinery is going to need about N1.7tn worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited to…
Read More
President Tinubu Proposes Lifeline to Dangote Refinery won’t end Dangote Refinery woes – Experts
Experts in the oil and gas industry have stated that the difficulties facing the 650,000 barrel per day refinery in the sector will persist despite President Bola Ahmed Tinubu's recent…
Read More
Nigeria’s Malta Petrol Imports Rise 342%, Reaching $2.8 Billion Last Year
Nigeria has witnessed a dramatic increase in its importation of petroleum from Malta, with figures skyrocketing by 342% to reach $2.8 billion in 2023. This significant rise comes amid ongoing…
Read More
USD/NGN exchange rate appreciates massively
The Naira appreciated massively against the dollar upon resumption of trading at the official market on Monday. FMDQ data showed that the Naira appreciated to N1500.32 to the dollar on…
Read More
9mobile Takes Another Giant Step, Appoints New Chief Financial Officer
The Board of Directors of Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has announced the appointment of seasoned business and finance professional; Abolaji Idowu as the new Chief…
Read More
