Business

The Federal Minister of Women Affairs, Barr. Uju Kennedy-Ohaneye has pledged to allocate over 300 million naira of government resources to a low-cost biogas project designed to address energy poverty and associated socio-economic challenges confronting women in rural communities.  Addressing journalist during press briefing in Abuja yesterday, Uju Kennedy said...

The pump prices of petrol will fall over this year as government and private-owned refineries begin operation, CBN Governor, Olayemi Cardoso has said. He spoke on Wednesday at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report in Lagos. Cardoso said the expected stabilisation or reduction...

Katsina State Governor, Mallam Dikko Umau Radda this afternoon officially inaugurated the commencement of the Ranoair Katsina -Abuja routes. The ceremony took place at the Umaru Musa Yaradua International Airport Katsina and was attended by key figures including Minister of Housing and Urban Development Architect Ahmed Musa Dangiwa, Senior Special...

The Federal Government, has said that the Nigerian maritime industry would play a pivotal role in achieving $1tn economic growth by 2027. The Executive Secretary of the Nigerian Shippers Council, Pius Akuta, disclosed this on Thursday during a courtesy visit at the Tincan Island Container Terminal Limited, Lagos. President Bola...

Management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The associations are Depot and Petroleum Products...

…says Cardoso clueless, cannot drive monetary policy The Centre for Social Justice, Equity, and Transparency (CESJET) has called on Olayemi Cardoso to resign as the Central Bank of Nigeria governor. In a statement signed by its Executive Secretary, Dr. Toyin Dawodu, the Centre described Cardoso as clueless, incompetent, and unprepared...

The Kogi State Government has placed a ban on the issuance of consent letter to miners without its approval. The Kogi State Commissioner For Solid Minerals and Natural Resources, Engr. Bashiru announced this on Thursday in Lokoja at the Glass House, Government House. Gegu told newsmen after a meeting between...

Governor Abdullahi Sule has met with the Minister for Solid Minerals Development, Dele Alake, where they discussed matters concerning security around mining sites as well as developing the mining sector. Governor Sule visited the headquarters of the ministry in Abuja, in the company of Senator Umaru Tanko Al-makura and state...

Retail Supermarket Nigeria Limited (RSNL), operating as Shoprite Nigeria has announced plans to close its Ado Bayero Store in Kano from January 14, 2024, just as it hinted of the retail chain’s two to five-year bullish growth plan for the Nigerian market. While resting the Kano outlet, Shoprite optimistically mulls...

Wema Bank has announced a significant financial loss to the tune of more than N8 billion which has raised concerns among customers of the deposit bank.  According to the tier 2 lender, led by Moruf Oseni, it suffered the huge loss more than N8 billion to litigation and fraud in...