Tuesday, January 21, 2025

Business News

Reforms, tax gains signal Nigeria's economic recovery: Edun

The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has stated that the Nigerian economy is making significant progress in recovery and growth.He made the disclosure on Monday in Abuja during the defense of the...

CBN, NCC and DMB reach agreement on N200 billion telecom tariff debt

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have expressed concern over the long-running dispute between Deposit Money Banks (DMBs) and Mobile Network Operators (MNOs) regarding the use of USSD platforms for banking services. Despite...

NNPC debunks alleged recruitment for Port Harcourt refinery

The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged the public to ignore the purported recruitment advertisement for Port Harcourt Refining Company (PHRC) circulating on certain online platforms. In a statement signed by its Corporate Communications Director, Olufemi O....

Senator Natasha commends Tinubu and NNPC for inauguration of LNG plants in Ajaokuta

Senator Natasha Akpoti-Uduaghan expressed her sincere gratitude to President Bola Tinubu and the Nigerian National Petroleum Company Limited (NNPC) for the inauguration of the LNG plants in Ajaokuta, Kogi.He made this statement in a press release he personally signed...

FAAC: FG, states and LGs share revenue of N1.424 trillion in December 2024

A total of N1.424 trillion, representing the December 2024 Federation Account revenue, has been shared between the federal, state and local governments.Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation,...

Petrol price stood at 1,214.17 naira in November 2024 —NBS

The National Bureau of Statistics (NBS) says the average retail price of a liter of petrol increased from N648.93 in November 2023 to N1,214.17 in November 2024.According to the News Agency of Nigeria (NAN), he made the statement in...

PHOTOS: Flagship partners of Enugu government to lease 150-hectare complex at Nike Lake

Landmark Africa Group has partnered with the Enugu State Government to lease the 50-hectare Nike Lake complex for 35 years.Announcing the partnership, Governor Dr Peter Mbah highlighted the resort's potential as a catalyst for the state's tourism and investment...

The increase in telecommunications rates should not be more than 30 or 60%: Minister

Minister of Communications, Innovation and Digital Economy Bosun Tijani has stated that the proposed increase in telecommunication tariffs should not be more than 30 to 60 percent. Tijani revealed this during an interview on Politics Today on Channels Television....

CBN sanctions nine banks for not dispensing cash through ATMs

In a clear demonstration of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks (DMBs) for failing to ensure the availability of Naira notes through ATMs ( ATM) during the...

Port Harcourt, Dangote and seven other refineries need 770,500 bpd in H1 2025 – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the Federal Government, Dangote Oil Refinery and eight other domestic refineries are expected to require 770,500 barrels of oil equivalent per day (BOPD) for processing in the first half...
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Latest News

How I lost twins to miscarriage in 2024 – Annie Idibia

Annie Idibia, wife of renowned Nigerian musician 2Baba, has spoken about a miscarriage she suffered last year while expecting...
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