Pay-TV operator, Multichoice Group, has revealed that it repatriated $184m (about N192.09bn) from Nigeria in the financial year ended March 2024. This was disclosed in its consolidated financial statements …
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Afreximbank projects African economy grow by 3.8% in 2024
The African Export-Import Bank has projected that the African economy will grow on average by 3.8 per cent this year. This was disclosed in the Economic Outlook Report 2024 …
Read More »Firm wins entrepreneurship competition
Mebic Organic has emerged as the winner of the Entrepreneurship World Cup at the competition’s national finals in Lagos. According to a release, the Entrepreneurs World Cup finals happened …
Read More »NNPC withdraws suit against ExxonMobil, Seplat $1.28bn deal
The Nigerian National Petroleum Company Limited has applied to a High Court of the Federal Capital Territory, Abuja, to stop its ongoing legal action against several subsidiaries of Mobil …
Read More »Stakeholders advocate new industrial policy
The Manufacturing Association of Nigeria and other stakeholders have called for a new industrial policy, as manufactured goods constituted only 1.4 per cent of the country’s total exports in …
Read More »Unremitted gas royalty, flare penalty hit $1.4bn – NEITI
The Nigeria Extractive Industries Transparency Initiative, on Thursday, said its most recent report on the oil and gas sector showed that the total unremitted revenue of gas royalty payments …
Read More »World Bank approves $2.25bn loan for Nigeria
The Federal Government has received significant funding from the World Bank worth $2.25bn. The international lender announced the approval of two significant financial operations aimed at bolstering Nigeria’s economic …
Read More »Dangote refinery projects price fall, expands plant to 5.3bn litres
The President of the Dangote Group, Alhaji Aliko Dangote, has projected that the current pump price of petrol would come down when the product from his refinery hits the …
Read More »Dangote refinery plans 5.3bn litres fuel storage
The President of the Dangote Group, Alhaji Aliko Dangote, says it is expanding the storage capacity of his refinery by 600 million litres. This, according to him, will enable …
Read More »NGX: Investors gain N114bn as NB, Unity Bank, others soar
In the first trading session after the country’s Democracy Day celebration, investors in the Nigerian equities market gained N114 billion at the end of business on Thursday. This followed an …
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