Business
FG Flags Off Sale of 30,000 Metric Tonnes of Rice, Limits Purchase to Public Servants with NIN
The Federal Government has announced that only public servants with registered National Identification Numbers (NIN) will be eligible to purchase rice from its newly...
Dangote Group Denies Reports of NNPC Lifting Petrol from Refinery, Refutes Price Claims
The Dangote Group has denied reports suggesting that the Nigerian National Petroleum Company Limited (NNPCL) has commenced lifting fuel from its refinery.
Recent claims had...
FCCPC Issues One-Month Ultimatum to Traders on Exploitative Pricing
The Federal Competition and Consumer Protection Commission (FCCPC) has given traders and market stakeholders a one-month ultimatum to reduce exploitative prices of goods.
This warning...
Consumers in Akwa Ibom, Oyo, and Delta Pay Highest Prices for Household Kerosene in July 2024
In July 2024, consumers of household kerosene in Akwa Ibom, Oyo, and Delta states faced the highest average prices per litre, with costs recorded...
Fire Ravages 7-Storey Building in Lagos Island
A devastating fire broke out early Friday morning, engulfing a 7-story building on Sanni Adewale Street in Lagos Island, Lagos State. The building, which...
President Bola Tinubu Inaugurates 30 Hybrid CNG-Powered Buses to Boost Nigeria’s Transportation Sector
President Bola Tinubu on Monday in Abuja inaugurated 30 hybrid Compressed Natural Gas (CNG)-powered buses, capable of transporting 3,000 passengers daily.
These locally manufactured buses...
Federal Government Deploys Over 10,000 Agro Rangers to Boost Food Security and Protect Farmers
The Federal Government has deployed over 10,000 Agro Rangers across 19 states and the Federal Capital Territory (FCT) to enhance food security and safeguard...
Gabon President, Brice Nguema Invites Aliko Dangote to Invest in Cement and Fertilizer Production
Gabon President, Brice Oligui Nguema has invited Aliko Dangote, President of Dangote Group, to invest in the country’s cement and fertilizer sectors. This invitation...
Miyetti Allah Cattle Breeders Hail President Tinubu’s Creation of Livestock Development Ministry
Miyetti Allah Cattle Breeders Association of Nigeria, MACBAN, has applauded President Bola Tinubu for creating the ministry of livestock development.
President of the Association, Alhaji...
NNPC Declares State of Emergency on Oil Production
Nigerian National Petroleum Company (NNPC) Limited has declared a State of Emergency on Oil and Gas Production in Nigeria.
Group Chief Executive Officer of the...
CBN Warns Banks, BDCs Against Rejection of Lower Dollar Bills
The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and Authorised Forex Dealers, advising them against rejecting old...
CAC Urges Nigerian Creatives to Register Their Businesses
The Corporate Affairs Commission (CAC) has called on young Nigerian entrepreneurs to register their businesses on the commission’s platform to aid ease in operation
The...
Dollar Recovers Some Losses Post Weak Economic Report
The dollar strengthened on Tuesday following an overnight decline to its lowest level versus the euro, sterling, and Swiss franc since mid-March, indicating a...
Official Market Reports Naira Strengthening to 1,339.33/$
The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 percent from Friday’s rate of 1,482.81/$.
According...
