Wednesday, November 20, 2024

Business

Nigeria: Dangote Refinery Accuses International Oil Companies and NMDPRA of Sabotage

Emeka Udeh - June 24, 2024

In a striking accusation, Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited (DIL), has alleged that International Oil Companies (IOCs) in Nigeria are actively undermining the success of the Dangote Oil Refinery and Petrochemicals. According...

Business

Central Bank Reports Drop in Headline Inflation

Mfon Ekanem - June 22, 2024

The Central Bank of Nigeria (CBN) has announced a significant development in the nation's economic landscape: Nigeria’s headline month-on-month inflation rate has decreased for the third consecutive month in May 2024. This trend marks a notable success in the...

Economy

Nigeria: May Sees a 70.12% Increase in Cooking Gas Prices, Reports NBS

Emeka Udeh - June 21, 2024

In May 2024, the average retail price of refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), commonly referred to as cooking gas, surged by 70.12% compared to the previous year, reaching N7,418.45 from N4,360.69 in May 2023, as...

Business

Alebiosu Confirmed as First Bank’s CEO, Ini Ebong as deputy MD

Emeka Udeh - June 20, 2024

First Bank of Nigeria (FBN) Limited has recently confirmed the appointment of Olusegun Alebiosu as its substantive managing director (MD) and chief executive officer (CEO). This significant development was disclosed in a statement filed with the Nigerian Exchange Limited...

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