A few weeks after Dangote Industries Limited, the operators of the Dangote Refinery raised alarm about the inability to get crude allocation under the Domestic Crude Supply Obligation (DCSO), another …
Read More »Business
NNPC rejects sabotage allegations against Dangote Refinery
The Nigerian National Petroleum Corporation (NNPC) Limited has denied involvement in the alleged attempt to sabotage the Dangote Refinery. The company pointed out its significant financial stake in the project. …
Read More »MTNN, Zenith, FBNH, Oando others top list of stocks to watch this week
The Nigerian equities market reversed the loss recorded in the first trading week in August to post a fairly profitable trading last week. The bourse gained in three of the …
Read More »Why 17.64% Heritage Bank depositors haven’t been paid – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) on Sunday explained why the 17.64% of the insured depositors of defunct Heritage Bank have not been paid. In a statement issued by its …
Read More »Ecobank grows profit to N311bn
Ecobank Transnational Incorporated has reported a profit after tax of N311bn for the first half of the year, marking a 196 per cent increase compared to the N105bn recorded …
Read More »Patients voice frustration as drug prices skyrocket
The escalating financing expenses that pharmaceutical producers have been grappling with are significantly impacting public health, writes ARINZE NWAFOR Financing costs of pharmaceutical manufacturing companies listed on the Nigerian …
Read More »Regulatory agencies choking investors, CPPE warns”
The Centre for the Promotion of Private Enterprise (CPPE) has bemoaned the overbearing policy of regulatory agencies in Nigeria. This, the economic think-tank has led to growing incidents of regulatory …
Read More »Gutter systems in buildings: Protecting your property from water damage
10 reasons gutter system is essential for modern buildings Gutter systems are essential components of a building’s exterior that collect and divert rainwater away from the structure. Typically installed along …
Read More »NGX WEEKLY ROUND-UP: Investors gain N480bn as equities market makes recovery
Investors in Nigerian equities market enjoyed a fairly profitable trading week on the floor of the NGX gaining N480bn in the just ended trading week. This following a loss of …
Read More »CBN tightens screws on foreign investors
The Central Bank of Nigeria (CBN) has issued a new directive requiring foreign investors to provide concrete evidence of their investment transactions before they can repatriate funds or divest their …
Read More »