BREAKING: The FG has announced that the loading of the first batch of PMS from the Dangote Refinery will commence today

The FG has announced that the loading of the first batch of PMS from the Dangote Refinery will commence on Sunday, 15th September, by NNPC. “I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday 15th September” –…

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NNPCL Confirms Purchase of Fuel from Dangote Refinery at N898 Per Litre

The Nigerian National Petroleum Company Limited clarifies the price of fuel purchased from Dangote Refinery, setting the record straight. NNPCL Purchases Fuel from Dangote Refinery at N898 Per Litre The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it bought fuel from the Dangote Refinery at a price of N898 per litre, clarifying previous…

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Apple Launches AI-powered iPhone 16 to Usher in the Future of Mobile Technology

Apple Introduces iPhone 16 with Groundbreaking AI Features to Revolutionize User Experience Apple has officially unveiled its latest innovation, the AI-powered iPhone 16, designed to revolutionize the mobile experience by integrating advanced artificial intelligence into its core. With the release, Apple aims to rejuvenate its sales by leveraging cutting-edge AI capabilities, setting a new standard…

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Naira Sees Further Decline in Parallel Market Amid Fluctuations in Official Exchange Rate

Naira Weakens to N1,660 in Parallel Market as Gap with Official Rate Widens The Naira down to N1,660 in the parallel market marks a significant depreciation from its previous level of N1,645 per dollar last Friday. This downturn highlights the growing pressure on the Nigerian currency, which continues to fluctuate in informal markets. However, despite…

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Lagos Government and Sanwo-Olu Sued Over Alleged $100 Million Dangote Refinery Land Deal

A lawsuit has been filed at the Federal High Court in Lagos, demanding that the Lagos State Government provide full disclosure regarding an alleged $100 million payment made by billionaire businessman, Alhaji Aliko Dangote, for land used for the construction of the Dangote Refinery. The case, initiated by two civic groups—De Renaissance Patriots Foundation and…

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Aba Businesses Thrive as Infrastructure Sees Major Upgrades

Aba businesses are experiencing significant growth, thanks to ongoing infrastructure improvements in the city. Under Governor Alex Otti’s leadership, these developments are reshaping the commercial landscape of Abia State’s most prominent business hub. This transformation has enhanced the ease of doing business, attracting investors and ensuring that Aba’s bustling markets, like Ariaria International and Ekeoha…

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Company Income Tax Revenue in Nigeria Surges by 151% in Q2 2024

In a remarkable financial turn, Company Income Tax revenue in Nigeria surged by 151% during the second quarter of 2024, climbing from N984.61 billion in Q1 to an impressive N2.47 trillion. This significant growth, reported by the National Bureau of Statistics (NBS), reflects the increasing contributions from both local and foreign companies. This leap highlights…

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CBN Raises N9.27tn via NTBs as Investors Seek Longer Maturities, Higher Returns

The Central Bank of Nigeria raises N9.27 trillion through NTBs, driven by investor demand for longer maturities and higher yields. In a move to meet rising investor demand, the Central Bank of Nigeria (CBN) successfully raised N9.27 trillion through Nigerian Treasury Bills (NTBs). The strong interest in NTBs in Nigeria reflects investors’ appetite for longer…

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