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Oando Revenue Hits N4.1tn

Oando Plc reported a 45 per cent increase in revenue to N4.1tn for the financial year ended December 31, 2024, compared to N2.9 trillion recorded in the previous year. The company’s unaudited financial statements, released on Friday on the Nigeria Exchange Limited, also…

CBN Plans To Curb Inflation, Stabilise Economy – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the apex bank is determined to curb inflation and stabilise the nation’s economy. He stated this in Abuja during the Monetary Policy Forum 2025, featuring fiscal authorities, legislative, private sector, development…

Dangote Cuts Petrol Loading Cost To ₦890 Per Litre

The Dangote Refinery has slashed its ex-depot price for premium motor spirit (PMS), better known as petrol, from ₦950 per litre to ₦890. In a statement, the company said the move is “effective from Saturday, 1st February 2025”. The Dangote Group Chief Branding and…

NAICOM Issues Additional Annuity Rules For Insurers

The National Insurance Commission has issued additional regulations for insurers in the annuity business in Nigeria. According to a statement on Friday, NAICOM which said the new regulations are effective February 1, said they were issued in a bid to sanitise that segment…

FCMB Group’s Gross Earnings Jump By 53.9% In 2024

FCMB Group Plc’s gross earnings experienced an increase of 53.93% year-over-year, December 31, 2024, rising to N794.8 billion compared to N516.3 billion reported for the year 2023. The company also reported a pre-tax profit of N117.2 billion for the year ended December 31,…

Naira Rises To N1,493/$ In Official Market

The Naira rose to N1,493 in the official foreign exchange market on Thursday. According to data published by the Central Bank of Nigeria (CBN), the exchange rate for the Nigerian Foreign Exchange Market (NFEM) fell to N1,493 per dollar from N1,506 per dollar…

NNPCL Launches Five Mini LNG Plants

The Nigerian National Petroleum Company (NNPC) Limited on Thursday launched five Liquefied Natural Gas (LNG) mini-plants in Ajaokuta, Kogi State. The five LNG mini-plants are PRIME LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG, and LNG Arete. These plants will take their feedstock, which is…
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