The Federal Government, through the Central Bank of Nigeria (CBN), has announced an increase in the exchange rate for cargo clearance from N952/$ to N1.356…
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Category: Business
CBN Warns Against FX Market Manipulation as Naira Hits N1,500, Clears Aviation Forex Backlog
As the Nigerian naira experiences a continued decline, trading at approximately N1,500 to a dollar, the Central Bank of Nigeria (CBN) has issued a caution…
View More CBN Warns Against FX Market Manipulation as Naira Hits N1,500, Clears Aviation Forex Backlog
Mandilas Group Disclaims Ownership of Fire-Damaged Lagos Building
The Mandilas Group has officially disassociated itself from the ownership of the Mandilas building in Lagos, which was engulfed in a devastating fire on January…
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Dangote Refinery Set to Manufacture Gasoline and Polypropylene from March
Aliko Dangote, the President/Chief Executive of Dangote Industries Limited, has revealed that the Dangote Refinery is poised to commence the production of gasoline and polypropylene…
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EEDC Addresses Decrease in Electricity Supply
The Enugu Electricity Distribution Company PLC (EEDC) would like to update our valued customers regarding the current state of power supply within our network, which…
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Emeka Uzoeto: Transitioning from Trading Magnate to Real Estate Luminary
Anambra, known for producing individuals of exceptional prowess, continues to showcase outstanding achievements across diverse fields. From law and academia to oil and gas, pharmaceuticals,…
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Ibeto, Facing N4.8bn Fraud Charges, Seeks Out-of-Court Settlement, States EFCC
The Economic and Financial Crimes Commission (EFCC) has revealed that Cletus Ibeto, the Chairman of Ibeto Energy Development Company, who is accused of a N4.8bn…
View More Ibeto, Facing N4.8bn Fraud Charges, Seeks Out-of-Court Settlement, States EFCC
Federal Government Plans to Sell Five Power Plants for $1.15 Billion
The Federal Government, through the Bureau of Public Enterprises (BPE), is currently engaged in negotiations for the sale of five power plants as part of…
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Ogun State Government Reveals Plans to Extend Lagos Blue Rail Line to Border Towns
In a recent announcement, the Ogun State Government unveiled its commitment to extending the Lagos Blue Rail Line project into the border towns of the…
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Dangote Refinery Enlists Three Oil Marketers Associations as Distributors
The Dangote Petroleum Refinery has officially registered oil marketers to serve as its distributors, according to an announcement made by the Dangote Group on Tuesday.…
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