•Dangote refinery The Dangote Petroleum Refinery has confirmed the registration of oil marketers as its distributors. Dangote Group said today that it had registered three associations of marketers in the Nigerian oil sector. In a statement on its X today, the Dangote Group listed the marketers to include members of the Depot and Petroleum Pro...
Dangote Cement reached N10tn market capitalisation at the close of business today, Monday, January 22, making it the first firm on the Nigerian Exchange to reach that milestone. It closed trading with a N10.098tn market cap. Recall that, it displaced Airtel Africa as the most capitalised stock on the local stock exchange earlier this month. [&...
•Dangote Refinery The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria following a meeting between the management of the refinery and executives of IPMAN. Last week Monday, it was reported that IPMAN had scheduled a meeting with the management of...
Nigerian Ports Authority (NPA) said it has taken trade facilitation a notch higher with the berthing of the largest container carrier. The Lekki Deep Seaport yesterday berthed the largest container vessel to sail on Nigerian territorial waters. This was disclosed in a statement by the Nigerian Ports Authority (NPA) which said it has taken trad...
•Uniliver has left Unless audacious steps are taken to fix the ailing Nigerian economy and halt the exodus of multinational firms, the country, literally on ventilators, may eventually collapse, experts warned at the weekend. The warning comes as the federal government, banking on the exaggerated capacity of local firms to fill the void, maint...
•Ajaero, Tinubu and Osifo As Nigeria prepares for negotiations for a new national minimum wage, Organised Labour and other critical stakeholders have tasked the federal government to ensure a hitch-free negotiation process that would result in a timely agreement and implementation of the new wage. They noted that considering the socio-economic...
The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion Council has said. The drop represents a $300m or 6.3 per cent decline from the $4.8bn revenue accrued to government coffers in 2022 and $500m less than the $5bn target set by the council for the […]
•Platform Twelve deep offshore blocks will be up for grab in this year’s oil bloc bid round, Nigerian Upstream Regulatory Commission (NUPRC) Chief executive Officer (CEO) Gbenga Komolafe said yesterday. He also said that the agency has scheduled the 2022/2023 mini-bid round for completion soon. Komolafe spoke during his engagement with the Oil...
•CBN headquarters, Abuja The Northern Elders Forum (NEF) has expressed concern over the reported plans by the Central Bank of Nigeria (CBN) to relocate major departments from the Abuja headquarters to the former headquarters in Lagos. NEF made this known a statement signed by Abdul-Azeez Suleiman Director Publicity and Advocacy/Spokesperson an...
Some telecommunications subscribers expressed displeasure today over the barring of their lines by telcos, despite having linked their National Identification Number (NIN) with their SIM cards. The subscribers expressed their displeasure in separate interviews with our correspondents in Lagos, reports NAN. Telecommunications (Telcos) operators...
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