The Naira has surpassed the N1,300/$ mark on the Peer-to-Peer cryptocurrency window as reported on Tuesday. Traders in the parallel market have confirmed that the…
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Category: Business
Shell to Sell Nigerian Onshore Subsidiary, SPDC, for $2.4 Billion
Shell Plc has announced an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium…
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Resolution Reached as BRT Drivers Suspend Strike
The drivers employed by Primero Transport Services Limited, one of the operators of the Lagos State Bus Rapid Transit (BRT) system, have returned to work…
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Fire Incidents Engulf Mechanic Workshop in Anambra
A mechanic workshop located along Onitsha-Enugu Expressway, opposite Building Materials International Market in Ogidi, Anambra, reportedly succumbed to fire on Sunday. Mr. Martin Agbili, the…
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Federal Government Announces Collaboration with Oil Marketers for Fuel Distribution
The Federal Government has revealed that seven major oil marketers in Nigeria have partnered with the Dangote Refinery for the distribution of refined petroleum products.…
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Dangote Refinery Initiates Diesel and Aviation Fuel Production
Dangote Petroleum Refinery has officially begun the production of diesel and aviation fuel, marking a significant step in its operational activities. However, the refinery has…
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EU Unveils New Import Policy with Enhanced Safety Measures
The European Union has revealed its intention to implement a comprehensive customs pre-arrival safety and security system designed to scrutinize shipments entering the region via…
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CBN Appoints New Leadership for Union, Keystone, and Polaris Banks After Dissolution
In a brief statement on Wednesday, the Central Bank of Nigeria (CBN) announced the dissolution of the boards and management of Union Bank, Keystone Bank,…
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Naira Records Significant Drop to N1089.51/$ on Official I&E Window
The Nigerian naira experienced a substantial decline to N1089.51/$ on the official Investor and Exporter (I&E) window on Tuesday, marking a 27.19% decrease from its…
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NNPCL Reports Record N2 Trillion Profit in 2022
The Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday that it achieved a remarkable profit of N2.548 trillion in 2022, marking the “highest profit…
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