Oando Plc reports a N60.3 billion profit after tax in 2023, marking a strong recovery from its losses in 2022
Oando Plc has reported a strong financial recovery, announcing a profit after tax of N60.3 billion for the fiscal year…
BREAKING: Nigerian Government Allows Direct Petrol Purchases from Dangote Refinery
In a significant policy shift, petroleum marketers in Nigeria are now permitted to directly lift petrol from Dangote Refinery, eliminating…
FEC Approves N158 Billion Contract for Dangote to Construct Lekki Port Service Lanes to Shagamu-Benin Expressway
The Federal Executive Council (FEC) has approved a contract worth N158 billion for the construction of service lanes connecting the…
Average diesel price hits N1,406.05/liter as local marketers boycott Dangote Refinery products
The average price of diesel in Nigeria rose by 1.93% month-on-month in August 2024, reaching N1,406.05 per liter, according to…
Nigerian Shipowners Warn of $86 Billion Annual Loss Due to Foreign Vessel Dominance
Nigerian shipowners have voiced their alarm over substantial financial losses, estimating that the country loses about $86 billion each year…
Trucks Begin Petrol Loading at Dangote Refinery
A fleet of trucks was spotted loading Premium Motor Spirit (PMS), commonly known as petrol, at the Dangote Refinery in…
Boeing Faces Production Shutdown as Workers Vote to Strike
Boeing is facing a major production halt following a massive vote by its workers to go on strike. Represented by…
NAFDAC Orders Recall of Dove Beauty Cream Bar Soap Over Health Risks
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a recall for Dove Beauty Cream Bar…
FG Signs $1bn Iron Ore Deal With China
The Federal Government has entered into a $1 billion iron ore steel deal with China, marking a significant milestone in…
CAC Prepares to Shut Down Unregistered POS Businesses
The Corporate Affairs Commission (CAC) has announced its intent to take firm action, including closing down Point of Sale (POS)…