Inflation Drops to 20.12% Amid Moderation in Energy, Food Prices
The Consumer Price Index (CPI), which measures the rate of change in prices of goods and services, dropped to 20.12…
Category: Business
Maritime Expert Calls for Greater Investment in Seafarer Training and Certification
Nifemi Babasanmi Maritime expert, Capt. Caleb Danladi, has stressed the urgent need for increased investment in the training and certification…
Dangote’s Crude Imports Hit 60m Barrels in H1, as Nigeria’s Petrol Bill Swells to N4tn
Nigeria’s ambition of achieving self-sufficiency in fuel production and fully harnessing the gains of local oil refining continues to hang…
Recapitalisation: With 200 Days to Deadline, Banks Intensify Efforts to Scale Hurdle
With just 200 days left before the Central Bank of Nigeria’s (CBN) March 31, 2026 recapitalisation deadline, Nigerian banks…
GHL: First Bank Wins Battle, But Loses War to Retain Crude Proceeds from FPSO Tokoni
After a string of losses, First Bank Nigeria Limited (FBN) has won a battle to set aside the ruling of…
Firm Launches Cost-saving Package for Freight Forwarders
OnePort 365, a global freight management solutions company, has introduced FreightSaver, a new product designed to reduce costs for sea…
BPE to List Genco, Two DisCos on Stock Market through IPO
The Bureau of Public Enterprises (BPE) is set to take two electricity distribution companies (DisCos) and one generation company (GenCo)…
Amid Excess Liquidity in Financial Sector, Banks’ Borrowing from CBN Slumps 28.2% to N2.9tn in August 2025
Amid excess liquidity in the financial sector, banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by…
Gov Mbah Revamps, Upgrades Nigergas after 30-year Dormancy
Governor of Enugu State, Dr. Peter Mbah, on Thursday, unveiled NigergasCompany Limited, revamped and upgraded by his administration after over three decades…
Dangote Group, Ethiopia Strike Deal to Build $2.5 Billion Fertiliser Plant
The Dangote Group and Ethiopia government yesterday signed an agreement to build a $2.5 billion fertiliser manufacturing plant in the North-eastern African country, part…