Business

BusinessNews

Nigeria’s Petrol Import Drops by 3.58 Billion Litres Post-Subsidy Removal

Nigeria’s petrol importation saw a significant drop in 2023, following President Bola Tinubu’s removal of the fuel subsidy in May. Data from the...

BusinessNews

ExxonMobil’s $1.28 Billion Asset Sale to Seplat Will Soon Be Approved – Tinubu Says

President Bola Tinubu has announced that ExxonMobil’s sale of its oil and gas assets to Seplat Energy Plc will receive ministerial approval in...

BusinessNews

Starlink Hikes Monthly Subscription in Nigeria From N38,000 to N75,000, Due To Inflation

Starlink, Elon Musk’s satellite internet service, has raised its monthly subscription fees in Nigeria by 97 per cent, from N38,000 to N75,000. The...

Kebbi Govt Set To Remove Multiple Taxation To Ease Small Businesses
BusinessPolitics

Kebbi Govt Set To Remove Multiple Taxation To Ease Small Businesses

Kebbi State Government is set to introduce a ‘single demand notice’ to remove multiple taxation and enable micro-, small and medium-scale entrepreneurs to...

BusinessNews

Kenyan Court Rules That Facebook Is Subject To Local Labour Laws

Facebook’s parent company, Meta, lost its appeal in a Kenyan labour court on Friday, allowing a lawsuit filed by former content moderators to...

BusinessHealth

PCN Shuts Down 581 Pharmacies, Medicine Shops in Adamawa for Violating Operational Laws

The Pharmacy Council of Nigeria (PCN) has sealed 581 pharmacies and patent medicine shops across Adamawa State for violating operational laws. This was...

BusinessWorld

Burkina Faso, Iran Strengthen Trade Relations

Business people from Burkina Faso and Iran agreed on Tuesday to strengthen economic ties and explore new trade opportunities during a video conference....

EFCC Arrests Five Chinese Men Over Illegal Mining in Akwa Ibom
BusinessNews

EFCC Arrests Five Chinese Men Over Illegal Mining in Akwa Ibom

The Economic and Financial Crimes Commission (EFCC) has arrested five Chinese nationals for alleged illegal mining activities in Akwa Ibom State. The suspects,...

Dangote-NNPC
BusinessNews

Dangote Refinery Begins First PMS Load Amid IPMAN’s Call for Direct Sales to Marketers

The Dangote Refinery in Lagos has commenced the loading of its first batch of Premium Motor Spirit (PMS). This move comes as the...

BusinessNews

Detained Binance Executive’s Wife Appeals to Tinubu to Release Husband After 200 Days

The family of Tigran Gambaryan, a Binance executive detained in Nigeria, has raised concerns about his prolonged detention, which has now lasted 200...

Barely weeks after declaring a net profit of N3.3 trillion in the 2023 financial year, with a purported increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion, NNPC has announced it is under intense financial pressure.
BusinessNews

NNPC Requests Permanent Office Space at Dangote Refinery for Staff

The Nigerian National Petroleum Corporation (NNPC) has requested office space for six to 10 of its staff at the Dangote Refinery as part...

Governor Abiodun Took Credit for my Private Rice Project - Ogun Farmer Speaks Up
BusinessNews

Governor Abiodun Took Credit for my Private Rice Project – Ogun Farmer Speaks Up

Bello Zabarmawa, a farmer and Senior Special Adviser to the Kebbi State Governor, has refuted claims made by Ogun State Governor, Dapo Abiodun,...