Business

10,000 Filling Stations Face Closure Amid Fuel Consumption Downturn Approximately 10,000 filling stations in Nigeria are on the verge of shutting down due to a significant decline in fuel consumption.…

Dangote Cement Posts Marginal Increase in 9-Month Pre-Tax Profit Lagos, Nigeria - October 26, 2024 - Dangote Cement Plc has announced a marginal increase in its pre-tax profit for the…

Naira Depreciates to N1,739/$ in Parallel Market, Appreciates to N1,601.2/$ in NAFEM The Nigerian Naira experienced mixed fortunes yesterday, depreciating to N1,739 per dollar in the parallel market while appreciating…

MTN Nigeria CEO Warns of Potential Shutdown Without Tariff Hike MTN Nigeria's CEO, Karl Toriola, stressed the urgent need for the telecommunications sector to return to profitability to sustain operations.…

Shell Accused of Diverting $1 Billion Insurance Claim for Bonga Oil Spill Victims Lagos, Nigeria - October 16, 2024 The Oil Spill Victims Vanguard (OSPIVV) has accused Shell Trading and…

Bank of Industry Disburses N38.7 Billion to Nano Businesses Under Trade Grant Scheme The Bank of Industry (BOI) has confirmed the disbursement of N38.7 billion to nano businesses through the…

Dangote to Commence Crude Oil Production by Year-End Dangote Group, owner of West Africa's largest refinery, plans to start crude oil production at its Nigerian oil assets before the end…

Nigeria Signs $3.3 Billion Gas Deal for Methanol Plant The Federal Government has signed a gas sales and purchase agreement with Shell, TotalEnergies, and Agip to supply gas to the…

Federal Government Allows Marketers to Buy Petrol Directly from Dangote Refinery The Federal Government has authorized petroleum marketers to purchase petrol directly from the Dangote refinery and other local refineries,…

Norway Offers Up to €85,000 to Address Skilled Trades Worker Shortage Norway is facing a critical shortage of skilled trades workers, impacting key sectors and hindering economic growth. To address…