Tuesday, January 21, 2025

Business News

Honeywell Reloaded: Nigerian flour mills revitalize iconic brand Lagos, Nigeria – December 13, 2024

Flour Mills of Nigeria Plc (FMN), Nigeria's leading allied food and agriculture company, is pleased to announce the relaunch of Nigeria's beloved Honeywell brand. This historic event, held in Lagos, unveiled Honeywell's dynamic new identity, featuring vibrant packaging, improved...

JUST IN: TCN announces power supply rationing in FCT

The Transmission Company of Nigeria (TCN) has announced that it will ration power supply to parts of the Federal Capital Territory (FCT) from January 6 to 20. The rationing is due to the Federal Capital Development Authority's (FCDA) road dualization...

Oil marketers want FG to privatize Kaduna and Warri refineries

Petroleum marketers, represented by the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), have called on the Federal Government to privatize state-run refineries, encourage competition and improve transparency and accountability. They also urged the government to invest in infrastructure...

Only a miracle can make Ajaokuta project functional: former CEO Magaji Inuwa

A former CEO of Ajaokuta Steel Company, Magaji Inuwa, has expressed doubts about the government's ability to revive the Ajaokuta steel project. Inuwa, who identified financial constraints, lack of commitment and lack of infrastructure coordination as major obstacles, said only...

CBN early exit program is 100 percent voluntary – Cardoso

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso on Friday revealed that the 'Early Exit Programme' was a 100 percent voluntary exercise initiated by staff of the apex bank. Mr. Cardoso disclosed this in Abuja during the resumption of the...

Why we request 100 per cent tariff increase from NCC: CEO of MTN Nigeria

MTN Nigeria has revealed that it has requested a 100 percent tariff increase from the Nigerian Communications Commission (NCC), although approval of the proposal remains uncertain. The request was revealed by MTN Nigeria CEO Karl Toriola during an interview on...

2025: FG to launch new scheme to facilitate loans to Nigerians

The federal government has announced plans to simplify access to loans for Nigerians in 2025 by establishing the National Credit Guarantee Company. This was revealed in President Bola Tinubu's new year message where he described that the initiative aims to...

2024: Nigerian stock market outperforms inflation with 36% return – ASHON

The Second Vice President of the Association of Securities Dealing Houses of Nigeria (ASHON), Ify Ifejezie, closed operations by 2024 at Nigerian Exchange Limited (NGX), on behalf of ASHON, highlighting the pivotal role of the Association in the development...

Nigerian stocks post gains for fifth consecutive year

On the last trading day of the year, bears dominated the domestic stock market as the NGX All-Share Index (ASI) lost 22 basis points to settle at 102,926.40 basis points. However, the local stock market maintained a positive tragedy...

Ardova agrees on bulk purchasing framework with Dangote Refinery

In a bid to ensure security of supply at affordable prices to its customers, Ardova Plc, one of Nigeria's leading integrated oil and gas companies, has agreed on a bulk purchasing framework with Dangote Refinery. This framework, according to Grant...
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Latest News

2027: Okpebholo promises Tinubu 100 percent of votes in Edo

Governor Monday Okpebholo of Edo State commended President Bola Tinubu for his love for the people of Edo and...
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