Revenue from rail transportation system surged to ₦1.69bn in the second quarter of 2024, fresh data on Rail Transportation Data (Q2 2024) released by the National Bureau of Statistics (NBS) …
Read More »Business
CBN denies reintroducing cyber security levy
The Central Bank of Nigeria (CBN) has denied reintroducing the controversial cybersecurity levy that was previously suspended. The denial was contained in a statement titled “Clarification On The Monetary, Credit, …
Read More »Dangote officials, refiners tackle marketers over imported PMS
Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil …
Read More »Nigerian economy to hit $400bn by 2026 – Rewane
The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing …
Read More »Solid mineral industry growth fuels transparency calls
Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding …
Read More »Africa Creatives Alliance launched to boost economy
The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The …
Read More »Investors lose N130bn as equity market reverses gains
Equity investors lost N130bn as the Nigerian Exchange reversed the previous day’s gain on Thursday. The All Share Index declined by 0.23 per cent to settle at 98,003.75 points …
Read More »Coca-Cola plans $1bn investment for Nigeria over five years
Coca-Cola Hellenic Bottling Company has announced plans to invest $1bn in Nigeria over the next five years as part of its expansion drive in the country. A statement signed …
Read More »SEC to boost NGX listings with govt-owned enterprises
The Securities and Exchange Commission has encouraged government agencies and state-owned enterprises to list on the Nigerian Exchange Ltd. The Director-General of SEC, Emomotimi Agama, disclosed this in an …
Read More »Firm canvasses tyre recycling to curb environmental pollution
In commemoration of World Cleanup Day 2024, a tyre waste recycling and rubber manufacturing company, FREEE Recycle, has reaffirmed its commitment to advancing Nigeria’s environmental sustainability through innovative recycling …
Read More »