Business - Page 112

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Dangote Refinery To Import 24 Million Barrels Of Crude Oil From U.S.

In a move set to bolster its operations, the Lagos-based Dangote Refinery, spearheaded by Africa’s wealthiest entrepreneur Aliko Dangote, has announced plans to procure 24 million barrels of US crude oil over

Emmanuel Ochayi

7 months ago

Business·Latest News

Why World Bank Blacklists 58 Nigerian Companies, Persons For Corruption

In a move aimed at curbing corruption, the World Bank has blacklisted 58 Nigerian companies and individuals. This action prohibits them from engaging in any projects or operations funded by the World

Emmanuel Ochayi

7 months ago

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Business·Latest News

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Ahead of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting later this month, the Centre for the Promotion of Public Enterprise (CPPE) has issued a plea for a cautious

Emmanuel Ochayi

7 months ago

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Business·Travel

Emirates Resumes Lagos-Dubai Flight Services October 1

Emirates Airlines has announced that it would resume flight services to Nigeria, starting with Lagos to Dubai from October 1, 2024.

Victor Ezeja

7 months ago

Djibouti's Economic Potential Unveiled As Inaugural Forum Sparks Global Interest

Africa·Business·Latest News·World News

Djibouti Forum 2024: Unveiling Economic Potential Sparks Global Interest

The inaugural Djibouti Forum concluded on a high note, igniting optimism among investors worldwide. Attended by nearly 400 delegates, including heavyweight institutional investors overseeing $2.5 trillion in assets, the event showcased Djibouti’s

Emmanuel Ochayi

7 months ago

CBN’s FX Market Intervention Falls Short As Naira Struggles To Gain Ground

Business·Latest News·Markets

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

The Naira showed resilience as it bounced back against the dollar at the end of Wednesday, recovering from a week-long depreciation in both official and unofficial foreign exchange markets. “I’m glad to

Emmanuel Ochayi

7 months ago

Why Inflation Is Rising Rapidly In Nigeria

Business·Latest News

Inflation Hits 33.69%: Imported Food Prices Rise As Economic Hardship Bites

Nigeria’s inflation rate has risen for the 16th consecutive month, reaching 33.69% in April 2024. This increase is attributed to a surge in food prices, electricity tariffs, and transportation costs. The National

Emmanuel Ochayi

7 months ago

Business·Latest News

Anambra Residents Lament As Cost Of Things Bite Harder

Residents of Anambra State have lamented the persistent rise in costs of things across the country.

Jacinta Chisom Oguadinma

7 months ago

Business·Latest News·Markets

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reinforced its stance that it will not intervene in determining the prices of petroleum products from the Dangote Refinery once it becomes

Emmanuel Ochayi

7 months ago

Business·Latest News·Markets

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

In a bid to curb illegal currency trading and stabilize the Nigerian currency, the Economic and Financial Crimes Commission (EFCC) intensified its efforts, conducting raids on Bureau De Change (BDC) operators across

Emmanuel Ochayi

7 months ago

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Business - Page 112

Dangote Refinery To Import 24 Million Barrels Of Crude Oil From U.S.

Why World Bank Blacklists 58 Nigerian Companies, Persons For Corruption

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Emirates Resumes Lagos-Dubai Flight Services October 1

Djibouti Forum 2024: Unveiling Economic Potential Sparks Global Interest

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

Inflation Hits 33.69%: Imported Food Prices Rise As Economic Hardship Bites

Anambra Residents Lament As Cost Of Things Bite Harder

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

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