Business - Page 205

Why We Resort To Importing Crude From U.S. – Dangote

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the refinery is producing inferior quality diesel. Dangote, who

Victor Ezeja

July 21, 2024

Business·News·Oil & Gas

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Troops Seize Over 700,000 Litres of Crude Oil In a significant crackdown on oil theft, Nigerian troops have recovered 715,325 litres of stolen crude oil and 148,415 litres of illegally refined diesel

Emmanuel Ochayi

July 20, 2024

Meta Fined €91 Million By EU For Password Security Breach

Business·News

Nigeria Fines Meta $220m For Data Violations

Meta Faces Significant Penalty Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has announced a $220 million fine against Meta Platforms for violating consumer and data protection laws. The penalty follows a

Emmanuel Ochayi

July 19, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·News

Rise In Crude Oil Exports Will Strengthen The Naira, Says CBN

CBN’s Macroeconomic Outlook The Central Bank of Nigeria (CBN) has highlighted the crucial role of increased crude oil production and exports in strengthening the naira. In its latest report, “Macroeconomic Outlook: Price

Emmanuel Ochayi

July 19, 2024

Nigerian Banks Face New FX Gain Tax: Impact On Profitability, Capital Adequacy

Business·Markets·News

Nigerian Banks New FX Gain Tax: Impact On Profitability, Capital Adequacy

Nigerian banks are at risk of facing profits and capital adequacy declines as the Federal Government plans to tax 50 per cent of profits realised from foreign exchange (FX) revaluation in 2023.

Emmanuel Ochayi

July 19, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Equity Market Surges As Investors Eye Interim Dividends, Bonus Shares

Focus on Equities Market Action Nigeria’s equity market rebounded strongly on Thursday, rising by 0.47 per cent or N263 billion. This surge is attributed to corporate announcements, including interim dividends and bonus

Emmanuel Ochayi

July 19, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th July 2024

What is the Dollar to Naira Exchange rate at the black market, especially the Aboki fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the black market,

Emmanuel Ochayi

July 19, 2024

Business·News

NNPC Uncovers 221 Cases Of Oil Theft In Niger Delta

Surge in Oil Theft Cases Across Niger Delta The Nigerian National Petroleum Company (NNPC) has reported a significant rise in oil theft incidents in the Niger Delta region. Over the past week,

Emmanuel Ochayi

July 18, 2024

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Business·News·Oil & Gas

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

MEMAN Unveils Real Cost of Petrol The Major Energies Marketers Association of Nigeria (MEMAN) announced on Wednesday that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, stood at

Emmanuel Ochayi

July 18, 2024

Business·Markets·News

Nigeria’s Stock Market Sees First Negative Close Of The Week Amidst Q2 Financial Reports

Nigeria’s Stock Market Decline Nigeria’s stock market witnessed a decline on Wednesday, marking its first negative close of the week. The equities market decreased by 0.04 per cent as second quarter (Q2)

Emmanuel Ochayi

July 18, 2024

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Business - Page 205

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Nigeria Fines Meta $220m For Data Violations

Rise In Crude Oil Exports Will Strengthen The Naira, Says CBN

Nigerian Banks New FX Gain Tax: Impact On Profitability, Capital Adequacy

Equity Market Surges As Investors Eye Interim Dividends, Bonus Shares

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th July 2024

NNPC Uncovers 221 Cases Of Oil Theft In Niger Delta

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

Nigeria’s Stock Market Sees First Negative Close Of The Week Amidst Q2 Financial Reports

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