BUSINESS
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Cash flow from $12bn Refinery Project’ll go towards Crude Oil Production–Dangote
As the commencement date for operations at the Dangote Refinery and Petrochemical Limited draws closer, the company has disclosed that cash flow…
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Olam Stakes N120b to Take Over Dangote Flour Mills
Olam International Limited has submitted a final offer of N120 billion to acquire all the outstanding shares of Dangote Flour…
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AfDB identifies 14 sites for Agro-Industrial Processing Zones in Nigeria
The African Development Bank (AfDB), says it has identified 14 sites for the proposed Special Agro-Industrial Processing Zones (SAPZs) in…
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Fraud, Cyber-crimes Cost Banks N15billion in 2018–NDIC
The Nigerian banking industry lost N15.15 billion to cyber-crime and forgeries in 2018. This amount was 539% higher than the N2.37…
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NNPC to Extend Trade Relations with Turkey
The Nigerian National Petroleum Corporation (NNPC) has expressed its desire to extend trade dealings between Nigeria and the Republic of Turkey.
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Why NUPENG threatens to ground Chevron’s operations
The United States multinational oil corporation, Chevron seems to be in trouble after the Nigeria Union of Petroleum and Natural…
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NSE market begins August with N14bn growth
The Nigerian Stock Exchange (NSE) on Thursday, August 1, 2019 started trading for the month with a growth of N14…
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Poor Power Supply, Other Factors Hurting Business Operations – CBN Survey
The Central Bank of Nigeria (CBN) Wednesday disclosed that some firms in the country have identified insufficient power supply, high…
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Stock market investors lose N1.37tn in first quarter
Nigeria’s stock market investors have lost a total of N1.3tn in seven months, as the total market capitalisation of equities…
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Dangote to dedicate more than 50% of refinery capacity to petrol
The Dangote Group says it will upon the completion of its refinery dedicate 53 per cent of the capacity to…
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