Business

Edo Refinery Struggles with Crude Shortage, Calls for NNPC to Fulfill Supply Agreements

Edo Refinery has raised alarm over crude supply issues despite agreements with NNPC, operating below capacity due to persistent shortages.

2 months ago

OPEC: Dangote Refinery To Challenge Europe’s Oil Industry And Shake Up Global Oil Flows

An OPEC report has stated that Nigeria's Dangote Refinery could significantly disrupt Europe's oil industry, reshaping global fuel supply dynamics.

2 months ago

Dangote: We Have Not Received 29 Million Barrels Of Crude NUPRC Says Was Allocated To Us

Dangote Group says the NUPRC has not fulfilled crude allocation promises, raising concerns about PIA enforcement.

2 months ago

Cost of Healthy Diet in Nigeria Soars to N1,241 in June, Marking 19.2% Increase, NBS Reports

NBS has reported a 19.2% increase in healthy diet cost to N1,241 in June, with regional disparities and inflation impact…

2 months ago

CBN Allocates $876m FX to Banks At N1495/$ In Recent Auction Amid Rising Demand

The CBN sold $876.26 million in foreign exchange via the rDAS, aiming to alleviate market demand pressure.

2 months ago

Google’s Lucrative Deal With Apple Under Threat

A US judge ruling has put Google's $20 billion deal with Apple at risk.

2 months ago

Hyundai Invests $28m In Thailand EV Facility

Hyundai's $28 million Thailand EV factory has sparked local industry growth, amid surging Southeast Asian demand for electric vehicles.

2 months ago

Heirs Insurance Appoints Puri, Iroche as Independent Non-Executive Directors

HIG has appointed Ibrahim Puri and Sonny Iroche as Independent Non-Executive Directors, bolstering its leadership and governance for future growth.

2 months ago

Central Bank Approves Providus Bank’s Takeover of Unity Bank with N700bn Loan Boost

The CBN has approved Providus Bank Limited’s acquisition of Unity Bank Plc, granting an 80-20 asset ownership split.

2 months ago

Edun Clarifies Windfall Tax, Ways and Means Increase, Others

Finance Minister Wale Edun has defended the controversial banking sector windfall tax, stating it aims to redistribute unearned income.

2 months ago