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Category: blog
Our Petrol Will Hit Filling Stations In 48 Hours
Businessman, Aliko Dangote, has revealed that petrol produced from his 650,000 barrels per day refining facility will hit filling stations in the next 48 hours as modalities with the Nigerian…
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Banks’ Deposits With CBN Now N3.42trn – Report Reveals
The deposits of banks with the Central Bank of Nigeria hit a weekly high of N3.42tn at the end of last week. This followed the announcement of the operationalisation of…
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Dangote To Roll Out Sale Of Petrol, after ending rift with oil suppliers
The Dangote Petroleum Refinery is now ready to roll out the sale of Premium Motor Spirit, otherwise known as petrol. This is coming a few days after the 650,000-capacity refinery…
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High Cement Price: BUA Boss Blames Middlemen
BUA Cement Plc, has accused middlemen, or ‘dealers,’ of being the primary culprits behind the high cost of cement across the country. The Chairman of the Board of Directors, Abdul…
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External auditors to examine NNPC N2.6tn subsidy claim
The Federal Government has finally initiated plans to enlist the services of an external auditor to verify the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited against…
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GDP growth: Tinubu assures stronger economic performance
The latest National Bureau of Statistics (NBS) report, which shows a promising trend in the nation's economic growth, has excited President Bola Tinubu. The report shows that Nigeria's Gross Domestic…
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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…
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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…
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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…
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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…
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