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News - Page 391

Lagos Police Bust Fake Kidnapping Syndicate, Arrest Five Suspects

The Lagos State Police Command has successfully dismantled a staged kidnapping operation, arresting five suspects involved in a fake abduction that had sparked widespread concern across the state, Prime Business Africa reports. According to the Police, the Anti-Kidnapping Tactical Squad apprehended the

December 19, 2025

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·News·Oil & Gas

Dangote Refinery Rolls Out First PMS Products

Dangote Refinery has finally begun refining Premium Motor Spirit (PMS) also known as petrol. President of Dangote Group, Aliko Dangote, made a presentation of the first sample of petrol produced from the refinery on Tuesday. This comes after a series of postponements

September 3, 2024

News

Why Nigeria Lost US Aviation Category One Status

The Nigeria Civil Aviation Authority (NCAA) has explained why the country lost the United States aviation Category One status. Reacting to some reports of purported ban of Nigerian airlines by the US, the NCAA acting Director General, Capt. Chris Najomo, in a

September 3, 2024

News

Why Nigeria’s Sugar Tax Removal Sparks Controversy

By Elsie Udoh In a country where over 11.2 million people suffer from diabetes, Nigeria has removed its sugar tax. While this move should be seen as a step in the right direction to cushion the effect of the crouching inflation in

September 3, 2024

Business·News·Technology·World News

iPhone 16: Apple Shifts Focus to AI-Driven Software, Experts Weigh In

Apple Inc. is set to unveil its latest flagship device, the iPhone 16, on 9th September, marking a significant shift in the company’s strategy. Moving away from its traditional hardware-centric focus, Apple is now emphasising software innovation, with artificial intelligence (AI) taking

September 3, 2024

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·News

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Nigeria’s external debt servicing surged by 53.63% to $2.78bn in 2024. Experts warn of economic risks as debt servicing strains government resources. Nigeria’s Soaring External Debt: A Growing Concern Nigeria’s external debt servicing costs have surged significantly in 2024, raising concerns among

September 3, 2024

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Business·News·Oil & Gas

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

The price of petrol in Nigeria is on the verge of a significant increase, with estimates suggesting it could reach N1,300 per litre. This rise is attributed to the financial challenges faced by the Nigerian National Petroleum Company (NNPC) Limited, which is

September 3, 2024

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Markets·News

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Naira Struggles in FX Market at Month-End The foreign exchange (FX) market witnessed a challenging end to August, with the naira recording significant losses against the dollar across various trading platforms. The Nigerian Autonomous Foreign Exchange Market (NAFEM) saw the naira close

September 3, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Equity Market Rallies, Conoil, Oando Lead Gains In September’s First Trading Day

Opening of September Trading in Nigeria’s Equity Market Nigeria’s equity market kicked off September on a positive trajectory, closing Monday’s trading session with a notable rise of 0.22 per cent. This gain translated into an increase of N124 billion, underscoring the resilience

September 3, 2024

World News

Netanyahu Pleads For Forgiveness As Israeli Hostage Deaths Spark Protests

Israeli Prime Minister, Benjamin Netanyahu, has issued a plea for forgiveness to the families of hostages whose bodies were recovered from Gaza last weekend. Speaking at a press conference on Monday, in Jerusalem, the Israeli capital, Netanyahu addressed the nation, acknowledging the

September 2, 2024

APC Fixes NEC Meeting Next Week, Allays Fears Of Ganduje's Removal

News·Politics

APC Holds NEC Meeting Next Week, Allays Fears Of Ganduje’s Removal

The All Progressives Congress (APC) has scheduled to hold its national caucus and National Executive Council (NEC) meetings next week. This was made known in separate statements signed by the APC National Secretary, Senator Surajudeen Ajibola Bashiru. While the national caucus meeting

September 2, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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News - Page 391

Lagos Police Bust Fake Kidnapping Syndicate, Arrest Five Suspects

Dangote Refinery Rolls Out First PMS Products

Why Nigeria Lost US Aviation Category One Status

Why Nigeria’s Sugar Tax Removal Sparks Controversy

iPhone 16: Apple Shifts Focus to AI-Driven Software, Experts Weigh In

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Nigeria’s Equity Market Rallies, Conoil, Oando Lead Gains In September’s First Trading Day

Netanyahu Pleads For Forgiveness As Israeli Hostage Deaths Spark Protests

APC Holds NEC Meeting Next Week, Allays Fears Of Ganduje’s Removal

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Lagos Police Bust Fake Kidnapping Syndicate, Arrest Five Suspects

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