Warri Refining and Petrochemicals Company, (WRPC) has commenced operations. This was disclosed by the NNPCL Group Chief Executive Officer, Mele Kyari, during a tour of the facility on Monday, December…
Category: Business
Currency Swap: Nigeria,China renew deal
Nigeria and China have renewed their 15 billion yuan (about $2.09 billion) or N3.28 trillion, Bilateral Currency Swap Agreement (BCSA), designed to boost trade and investment between the two…
NAFDAC Seizes Unregistered Food Products Worth N3.8bn In Lagos
The National Agency for Food and Drug Administration and Control (NAFDAC), has seized unregistered food products valued at N3.8 billion in a Lagos warehouse. This according to NAFDAC was a…
Nigeria sets to Partner Bloomberg for Global Investment Opportunity
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), has disclosed it’s readiness to partner with financial news outfit, Bloomberg, in a two-year initiative. The government said…
Reps Task CBN to address shortage of Naira
The House of Representatives has urged the Central Bank of Nigeria (CBN) to as a matter of urgency address the lingering scarcity of naira notes, calling for an investigation into…
Bitcoin hits $100,000 for first time
Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president…
Dangote announces reduction in petrol price
Dangote Refinery has announced reductions in its price of Premium Motor Spirit (PMS), also known as petrol, for marketers. Dangote, in a statement on Sunday signed by Anthony Chiejina, Group…
Oyebanji Restates Backing for Ekiti Business Owners As LG Lifts 250 Traders
The Ekiti State Governor, Biodun Oyebanji, has promised solid financial backing for the drivers of Micro, Small and Medium Enterprises (MSMEs) as his government’s efforts on poverty mitigation policy. This…
Naira appreciates to N1,720/$ in parallel market
The Naira appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday. Similarly , the Naira appreciated to N1,671.32 per dollar in the Nigerian Autonomous…
Petrol Landing Cost comes down From N945.63/litre To N939.86 –MEMAN
Fuel landing cost has reportedly dropped to N939.86 as of November 1, 2024 from N945.63/litre as of September 27. The fuel landing cost was N981/litre on September 25, 2024. These…