NNPC distances itself from refinery sabotage
The Group Chief Executive Officer of NNPC Limited, Mele Kyari has said the company has not breached any of the
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Dangote refinery’s impact shows up in global oil markets
Nigeria’s $20 billion Dangote refinery is set to shake up international crude flows when it reaches full capacity, having already
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Nigeria secures $500m AfDB loan to boost electricity access
The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal
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Flutterwave wins payment service provider licence in Ghana
Flutterwave, a payments technology company, says it has been granted a Payment Service Provider licence under the Enhanced Category by
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Otedola backs windfall tax, says banks maintain private jets with $50m yearly
Femi Otedola, a billionaire businessman, has said Nigerian banks are spending an estimated $50 million on the maintenance of private
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Stock investors lose N1trn in July amid banks’ capital raising
Investors in the Nigerian stock market saw the value of their holdings fall by N1.05 trillion in July amid banks’
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Salt refiner NASCON’s profit dips as inflation, devaluation bite
Nascon Allied Industries Plc, a salt refiner owned by Dangote Industries Limited, reported a 16 percent drop in its pretax
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FBN Holdings suffers N165bn forex loss in six months
FBN Holdings Plc, the parent company of First Bank of Nigeria, posted a foreign exchange loss of N165.05 billion in
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Dangote Sugar’s half-year loss widens fivefold to N144bn on weaker naira
Dangote Sugar Refinery Plc saw its loss after tax widen to N144.01 billion in the first half of this year
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BUA Foods’ profit shrugs off N54.67bn FX loss in H1
BUA Foods reported a profit before tax of N137.19 billion in the first half of this year, up from N109.38
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