Business

Dangote Refinery Explains Petrol Price Hike, Cites 15% Surge in International Crude Oil PricesDangote Refinery Explains Petrol Price Hike, Cites 15% Surge in International Crude Oil Prices

Dangote Refinery Explains Petrol Price Hike, Cites 15% Surge in International Crude Oil Prices

Dangote Refinery has explained petrol price increase, citing 15% rise in international crude oil prices as the main cause.

10 hours ago
Nigeria’s Maiden AfCFTA Shipment Arrives in KenyaNigeria’s Maiden AfCFTA Shipment Arrives in Kenya

Nigeria’s Maiden AfCFTA Shipment Arrives in Kenya

Nigeria's first AfCFTA shipment, synthetic filaments by Lucky Fibres, has arrived in Kenya, marking a milestone in African trade integration.

10 hours ago
Arik Air Shareholders Dispute AMCON’s Debt Claim of N227.6 BillionArik Air Shareholders Dispute AMCON’s Debt Claim of N227.6 Billion

Arik Air Shareholders Dispute AMCON’s Debt Claim of N227.6 Billion

Arik Air shareholders have refuted AMCON's debt claim, accusing the corporation of disinformation and mismanagement of the airline's assets.

1 day ago
PFAs’ Exposure in FGN Securities, Stock Market Hits N15.96 Trillion in 2024, Surging by 13.4%PFAs’ Exposure in FGN Securities, Stock Market Hits N15.96 Trillion in 2024, Surging by 13.4%

PFAs’ Exposure in FGN Securities, Stock Market Hits N15.96 Trillion in 2024, Surging by 13.4%

PFAs’ exposure to FGN securities and the stock market has reached N15.96 trillion, driven by attractive returns and low-risk investments.

1 day ago
AMCON Announces Plans to Liquidate Arik Air After Resolving Ongoing Legal DisputesAMCON Announces Plans to Liquidate Arik Air After Resolving Ongoing Legal Disputes

AMCON Announces Plans to Liquidate Arik Air After Resolving Ongoing Legal Disputes

AMCON has said it will sell Arik Air after resolving the airline's legal cases, citing over N455bn owed by the…

2 days ago
Dangote Refinery Raises Petrol Bulk Price to N955 Per Litre Amid Rising Global Crude Oil CostsDangote Refinery Raises Petrol Bulk Price to N955 Per Litre Amid Rising Global Crude Oil Costs

Dangote Refinery Raises Petrol Bulk Price to N955 Per Litre Amid Rising Global Crude Oil Costs

Dangote refinery has increased bulk petrol prices to N955/litre, citing escalating global crude oil prices, a deregulated market

2 days ago
Supreme Court Upholds Law Banning TikTok Unless Sold by Chinese Parent CompanySupreme Court Upholds Law Banning TikTok Unless Sold by Chinese Parent Company

Supreme Court Upholds Law Banning TikTok Unless Sold by Chinese Parent Company

The US Supreme Court has backed legislation requiring TikTok’s sale by ByteDance or a nationwide ban will take effect.

3 days ago
Apple Suspends Controversial AI News Summarisation Feature Amid Criticism  Apple Suspends Controversial AI News Summarisation Feature Amid Criticism  

Apple Suspends Controversial AI News Summarisation Feature Amid Criticism

Apple has suspended its AI news summarisation feature after repeated inaccuracies sparked backlash from media organisations and journalism watchdogs.

3 days ago
NEXIM and US EXIM Bank Sign MoU to Boost US-Nigeria Trade RelationsNEXIM and US EXIM Bank Sign MoU to Boost US-Nigeria Trade Relations

NEXIM and US EXIM Bank Sign MoU to Boost US-Nigeria Trade Relations

NEXIM and US EXIM have signed an MoU to strengthen collaboration in sectors like clean energy, infrastructure, aviation, digital connectivity.

3 days ago
Lokpobiri Hosts First Oil Sector Stakeholders’ Forum to Address Challenges and Policy ConflictsLokpobiri Hosts First Oil Sector Stakeholders’ Forum to Address Challenges and Policy Conflicts

Lokpobiri Hosts First Oil Sector Stakeholders’ Forum to Address Challenges and Policy Conflicts

Nigeria’s oil industry stakeholders have held their first forum, aiming to foster collaboration, resolve policy conflicts in the petroleum sector.

3 days ago