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Business & Economy
Dangote Refinery’s New Fuel Distribution Model: A Game-Changer or Monopoly? Says Kelvin
The announcement by Dangote Petroleum Refinery to commence distribution of Premium Motor Spirit (PMS) and diesel nationwide — with free logistics and a fleet of 4,000 new compressed…
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African Economies Under Pressure as World Bank Warns of Deeper Economic Decline
In the midst of a difficult external environment characterized by trade tensions, inflationary pressures, and growing debt loads, African economies are battling growing budgetary…
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Dangote Set to Reshape Nigeria’s Downstream Oil Sector
Aliko Dangote, President of the Dangote Group and the founder of the Dangote Petroleum Refinery, has hinted at a "shakeup" in Nigeria's downstream oil industry.
Speaking after…
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Nigeria’s Economy Sees Fresh Momentum Under Tinubu
The President stated that his primary goals from the beginning, as outlined in the Renewed Hope Agenda, were to address economic instability, enhance national security, decrease…
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Dangote Announces Major Export Expansion Plans in Nigeria
Aliko Dangote, the president of Dangote Industries Limited (DIL), the richest man in Africa, has announced plans to increase Nigeria's export capacity with a bold project that focuses…
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Nigerian Exchange Hits Record High as Investors Inject ₦583bn
The Nigerian Exchange (NGX) saw a great performance this week, with the All-Share Index reaching historic heights and market players adding ₦583 billion in value.
Monday's trading…
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Nigeria formally joins European Bank for Reconstruction and Development
Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a significant step towards boosting private sector access to…
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itel Solar Energy Opens First Customer Experience Centre at Alaba International Market, Lagos
itel Solar Energy, a top provider of affordable and reliable solar solutions in Nigeria, has launched its first sales and service centre at Alaba International Market, Lagos. This…
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Shippers’ Council Saves Nigerian Government ₦31 Billion in 6 Months Through Automation
The Nigerian Shippers’ Council (NSC) has announced that it saved the Federal Government of Nigeria over ₦31 billion within six months—January to June 2024—through the automation of port…
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