Business News Report

Lagosian spends 57% of working hours in traffic, 28% income on transport—Yabatech

Lagos residents on average spend about 57 per cent of their working hours commuting to and from their work place, while 28% of their income is...

NASS sets up committee to investigates fuel imports after Dangote Refinery rift with regulator

House of Representatives has set up a committee to investigate the allegations made by Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) against Dangote refinery and...

MOSOP calls for better oil Company-Host Communities relations to curb conflicts in Ogoni

Movement for the Survival of the Ogoni People, MOSOP, has called for a better relationship between prospective drilling companies and their host communities. MOSOP said this...

Dangote challenges NMDPRA, tests diesel in the presence of House Reps leadership as refinery begins talks with Libya for crude supply 

President of Dangote Group, Aliko Dangote, has asserted that products refined at the Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery, are of...

Access Bank UK Polo Day holds to raise funds for education

Access Bank UK Limited has concluded arrangements to host its annual Polo Day at Guards Polo Club, Windsor, today, Saturday, July 20. The Access Bank UK...

JTF destroys illegal refining sites, intercepts 14 boats in Abia 

The joint task force, codenamed Operation Delta Safe (OPDS), says it destroyed several illegal The commander, Rear Adm. John Okeke, disclosed in a statement on Sunday...

NESG seeks coordinated reforms to stabilise Nigeria’s economy

Nigerian Economic Summit Group (NESG) CEO, Tayo Aduloju, has stressed the need for well-sequenced and timely economic reforms to stabilise Nigeria’s economic landscape. Mr Aduloju made...

CBN directs banks transfer funds in dormant account to it

Central Bank of Nigeria  (CBN) has directed all banks and other financial institutions to transfer funds in all dormant accounts to.the apex bank. A circular by...

CBN sells $106.6m to banks, BDC; to continue regular intervention in FX market

NGX All-Share Index closes the week positive

Recovering from the previous weekly losses, the Lagos bourse gained 0.87% week-on-week as gains in telco giant, AIRTELAFRI (4.76% w/w) as well as ACCESSCORP (+1.84%) outweighed...

U.S. President’s Advisory Council on African Diaspora engagement concludes landmark visit to Nigeria

U.S. President’s Advisory Council on African Diaspora Engagement has successfully completed its first visit to the African continent, marking a significant milestone in U.S.-Africa relations. From...

MAN urges FG to Assist OPS on implementation of new minimum wage as promised by Mr. President 

The Manufacturers Association of Nigeria (MAN) has commended President Bola Tinubu on the breakthrough in the negotiation of national minimum wage with the organised labour, while...

New Africa Sustainable Development Report shows critical importance of scaled-Up development financing

The United Nations Development Programme, the United Nations Economic Commission for Africa, and the African Development Bank, have presented the 2024 Africa Sustainable Development Report, at...

DMO offers N300bn FGN bonds for subscription at N1,000 per unit

The Debt Management Office (DMO) is offering three Federal Government of Nigeria (FGN) bonds valued at N300 billion for subscription at N1,000 per unit. According to...

FG clamps down on illegal gold mine in Kogi; arrests seven suspects

The federal government has shut down an illegal gold mine site in the Yagba East Local Government Area (LGA) of Kogi State. The Minister of Solid...