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…
ExxonMobil Plans $10 Billion Investment in Nigeria’s Owo Deep-Water Project, Presidency Confirms
The Bola Tinubu administration has confirmed ExxonMobil’s proposal to invest $10 billion in Nigeria’s offshore oil sector, specifically targeting the…
Tinubu Administration Proposes Bill to Enable Naira Collections by Maritime Agencies
The Bola Tinubu administration has put forward a proposal in the Economic Stabilisation Bill currently before the National Assembly. This…
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…
BMW Recalls 1.5 Million Cars Over Faulty Brakes, Lowers Financial Forecast
BMW has announced a recall of 1.5 million vehicles due to defective brake systems, which is expected to negatively affect…
Dangote Refinery Won’t Sell Fuel Below Market Price, Says Tinubu Presidency
The Nigerian Presidency has clarified that the Dangote Refinery will not sell its refined products, including Premium Motor Spirit (PMS),…
‘You Dealt A Blow To Oil Cabals’, Otedola Lauds Dangote
Billionaire businessman Femi Otedola has extended his congratulations to his friend and fellow entrepreneur, Aliko Dangote, on the successful realization…
Nigerian Stocks End August in the Red as Investors Hesitate Over Economic Outlook
The Nigerian All Share Index (ASI) ended August on a negative note, reflecting investor concerns over several macroeconomic challenges and…
NNPC Acknowledges $6 Billion Debt to Petrol Suppliers
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed that it owes a substantial debt to its petrol suppliers,…
FG Gives Traders One-Month Deadline to Lower Prices
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a one-month ultimatum to traders and market stakeholders engaged in…