The Dangote Petroleum Refinery and Petrochemicals has dropped the cost of its diesel product to ₦1,020 per litre, down from ₦1,075 per litre at the gantry price.
In a statement, the $20bn company said the reduction was part of its effort to better…
The Nigerian Ports Authority (NPA) has announced a 15 percent increase on all its tariffs and fees across board.
The increment, the Authority says, is coming after 32 years of such increase.
The increase is expected to lead to high cost of Port services …
Guinness Nigeria Plc has announced key changes to its board of directors, reflecting its commitment to strong corporate governance and strategic leadership.
The announcement is contained in a statement signed by the company’s Legal Director/Company Secretary, Abidemi Ademola.
The statement announces as follows: “Dr…
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has identified blockchain technology as a key tool for improving efficiency and strengthening market regulation.
Speaking during a session with a delegation from the Algorand Foundation at the SEC headquarters in…
Two cargoes of jet fuel, averaging about 130 million litres, have been exported from Nigeria to Saudi Arabia by the Dangote Petroleum Refinery.
Coming on the backdrop of projection by the Organisation of Petroleum Exporting Countries (OPEC) that the 650,000 barrel per day (bpd)…
American technology company, International Business Machines (IBM), has exited the Nigerian economic space.
The company announced that it is also leaving other African countries like Ghana, while it transfers its operations to a third-party company.
IBM is one of the latest international companies to…
Fire gutted two petrol-laden tankers at an MRS filling station along the Numan Road, opposite the Jezco filling station near the Yola International Airport on Tuesday.
The road leading into Yola, the state capital, was blocked as curious residents of the area rushed…
The Federal Government (FG) and the Nigeria Labour Congress (NLC) has signed a Memorandum of Understanding (MoU) over the proposed 50 per cent hike in telecommunications tariff.
This was contained in an MoU reached on Monday at a meeting convened by the federal…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that Nigeria generated over 831.14 billion dollars in revenue from the oil and gas sector between 1999 and 2023.
NEITI’s Executive Secretary, Ogbonnaya Orji, stated this on Monday when he appeared before the Senate…
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure investors get equitable access to financial services and investment opportunities.
A statement by SEC said the commission’s Executive Commissioner, Corporate Services, Mrs Samiya Usman, made the commitment on Sunday.
Usman said the…
