Thursday, 09 January, 2025

Category: Business


The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied allegations by Dangote Refinery that it is issuing import licenses indiscriminately to marketer’s despite the country’s capacity to refine diesel. According to the NMDPRA, the deregulation of the downstream sector allows Read more…


There is tension at the Balogun Business Association International Centre for Commerce shopping complex, BBA, International Trade Fair Complex, Lagos State over the activities of suspected thugs extorting, threatening and harassing traders in the market. Some of the aggrieved traders Read more…


Politics is said to be holding down the takeoff of the Onitsha River Port after it has been commissioned three times since 1983; BusinessDay report. The port, described as a potential cash cow for Nigeria if it becomes operational, may Read more…


Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused the International Oil Companies (IOCs) in Nigeria of plotting to cripple its operations. Edwin said the IOCs are deliberately frustrating the refinery’s efforts to buy local Read more…


The Federal Government, under the administration of President Bola Tinubu, disbursed a total sum of N14.77bn for the repair and maintenance of the presidential air fleet in 11 months, Sunday PUNCH can confirm. The payments, made in 11 tranches between Read more…


The Presidential Candidate of the Labour Party (LP), in the 2023 election, Peter Obi, has implored President Bola Ahmed Tinubu to stop downplaying the hardship currently being suffered by citizens with his view that it’s not peculiar to Nigeria alone. Read more…


The Securities and Exchange Commission has released a framework designed to support the Central Bank of Nigeria’s bank recapitalisation programme. This framework, published on the SEC website on Friday, aims to ensure a smooth, transparent, and efficient capital-raising process for Read more…


Abuja, the federal capital, is pulsating, energised by the flurry of activity brought on by the dynamism of the Minister, Barr. Ezenwo Nyesom Wike. For most city residents, it is a welcome development, especially after the laid-back eight-year tenure of Read more…


South African President, Cyril Ramaphosa visited Nigerian President, Bola Tinubu in a private meeting on Thursday in Johannesburg to discuss enhancing bilateral relations between both countries.   The private meeting at the Radisson Blu Hotel underscored the need for a stronger Read more…


Head of the Civil Service of the Federation (HoSF), Folasade Yemi-Esan, has disclosed that no fewer than 1618 fake civil servants have been discovered after the revalidation exercise carried out recently.Mrs Esan however, explained that majority of them with fake Read more…


From Ifeoma Ejiofor In an extraordinary demonstration of keeping society in perfect equilibrium, Omepuruchukwu Charity Foundation has empowered a young family with two hundred thousand Naira. Omepuruchukwu Charity Foundation has shown again that her philanthropy is not limited to providing Read more…


From Ifeoma Ejiofor An early morning fire has on Wednesday destroyed two shops housing clothing materials at Afor Nnobi market, by Nnobi roundabout, in Idemili South LGA of Anambra State. Mr Chukwudi Chiketa, Chief Fire Officer, Anambra Fire Service has Read more…