Business
Subsidy Removal: Exploring the Facts behind the Figures By Femi Soneye
With Nigeria’s total debt stock projected to hit N80 trillion by the end of 2023 further subsidy payments could cause a total collapse...
Nigeria leads countries owing foreign airlines, its debt soars to $812m
Nigeria with a huge $812.2 million debt maintains its lead among countries owing foreign airlines collectively about $2.3 billion. The $812.2 million foreign...
First Bank’s gross earnings rise to N245.7bn in Q1 2023 from N170.4bn in 2022
In a stellar performance, First Bank of Nigeria Ltd has announced a significant growth across key metrics in the first quarter of 2023...
810m litres of petrol still in depots, tanks, outlets across Nigeria, says Mele Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, has disclosed that about 810 million litres...
Fuel subsidy: Commuters in FCT groan over hike in Transport fare
Aftermath of petrol subsidy removal by the President Bola Tinubu administration, commuters in the Federal Capital Territory (FCT) are now groaning over the...
No money to finance petrol subsidy — Mele Kyari
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, says Nigeria does not have the...
CBN has not devalued the Naira — Spokesman
Contrary to a report, the Central Bank of Nigeria (CBN) says it has not devalued the Naira to N631 per dollar at the...
10 Benefits of Petroleum Subsidy Removal You Must Know
1. Infrastructural Development: Frees up public funds for more meaningful infrastructure and developmental program that stimulates industrialization, create jobs, economic growth and social...
Inside Mele Kyari’s Gas Credentials
By Femi Soneye In March 2021 a few months before the Petroleum Industry Act (PIA) came into force, President Muhammadu Buhari announced the...
Just in: CBN increases interest rate to 18.50 percent
The Central Bank of Nigeria (CBN), after a two-day Monetary Policy Committee (MPC) meeting on Wednesday, has once again raised the interest ceiling...
Whatsapp unveils new features for editing sent messages
A new feature that allows users to edit messages that have already been sent has been unveiled by WhatsApp. With the new feature,...
Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, Lekki-Lagos inaugurated
Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals planted in Ibeju-Lekki area of Lagos, was on Monday inaugurated by President Muhammadu Buhari and...
Dangote lauds Buhari, Tinubu for assistance on $19bn Dangote Refinery
Ahead of the commissioning of the $19 billion Dangote Refinery, Aliko Dangote the President/Chief Executive of Dangote Group, has expressed appreciation to President...
Breaking: FCMB founding Chairman/CEO, Otunba Subomi Balogun exits
Otunba Tunwase of Ijebuland, Olori Omoba of Ijebuland and the Asiwaju of Ijebu Christians, Otunba Michael Subomi Balogun, founder of First City Monument...
Elumelu’s Power Companies To Generate 2000MW As VP Osinbajo Inaugurates Transcorp Afam 3 Fast 240MW Power Station
The Vice-President, Prof. Yemi Osinbajo (SAN) has inaugurated Transafam Power, a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in...
I welcome Otedola’s investment in Transcorp — Tony Elumelu
Mr Tony Elumelu, Group Chairman of Transnational Corporation Plc (Transcorp) and UBA, says he welcomes the former Chairman of Forte Oil Plc, Mr...
