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Business · The Punch ·Dangote refinery slashes petrol gantry price by N75/litre
Dangote Refinery has announced a reduction in the gantry price of petrol by N75 per litre. This price adjustment aims to influence the domestic fuel market as the facility continues its production operations. The reduction is part of the refinery's strategy to provide more competitive pricing for petroleum products within the Nigerian economy.
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Business · The Punch ·
Dangote unveils plans for Ondo industrial hub
The Dangote Group has announced its intention to establish a new industrial hub in Ondo State. This initiative aims to enhance the region's economic landscape and expand the conglomerate's manufacturing presence within Nigeria. The project is expected to create local employment opportunities and stimulate industrial growth across various sectors in the state.
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Business · ThisDay ·Relief for Nigerians as Dangote Refinery Cuts Petrol Price by N75 to N1,175/Litre
The Dangote Refinery has reduced the price of petrol by seventy-five Naira, setting the new cost at one thousand, one hundred and seventy-five Naira per litre. This downward price adjustment follows the facility's ongoing efforts to supply the Nigerian domestic market and potentially lower fuel costs for citizens nationwide.
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Business · ThisDay ·
ECOWAS Seeks Renewable Energy Revolution to Power Rural Development
The Economic Community of West African States is promoting a transition to renewable energy sources to enhance rural development throughout the region. This initiative focuses on utilizing sustainable power technologies to improve electricity access and economic opportunities for populations living outside major urban centers.
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Business · The Punch ·
Cooking gas: Marketers plan massive imports after 140% price surge
Cooking gas marketers in Nigeria are initiating large-scale imports of the product following a 140 percent increase in prices. The move is intended to boost domestic supply and mitigate the impact of the significant cost surge on consumers, as the market responds to recent inflationary trends in the energy sector.
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Business · The Punch ·
Oil drops to $83 after US-Iran accord
Global crude oil prices declined to approximately $83 per barrel following reports of a diplomatic accord between the United States and Iran. This development has influenced international energy markets, as investors assess the potential impact of the agreement on global oil supply and geopolitical stability in the Middle East.
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Business · The Punch ·
MAN opposes proposed ban on thin plastics
The Manufacturers Association of Nigeria has formally declared its opposition to a proposed ban on thin plastics within the country. This move follows government initiatives aimed at reducing environmental waste, while the association highlights the significant implications such a restriction could have on industrial production and regional economic stability.
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Business · Daily Trust ·
Prices of Maize, onion, tomatoes, others push inflation to 6-month high
Nigeria's inflation rate has reached its highest level in six months, driven primarily by the rising costs of essential food items. Specifically, the increased prices of maize, onions, and tomatoes have contributed significantly to the upward trend in consumer prices across the country, reflecting broader economic challenges within the agricultural sector.
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Business · Daily Trust ·
CBN unveils overnight financing rate
The Central Bank of Nigeria has introduced a new overnight financing rate to manage liquidity in the banking system. This monetary policy tool aims to provide a benchmark for short-term lending and stabilize the financial market by offering a structured framework for banks to borrow funds on a short-term basis.
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Business · Daily Trust ·
Access Holdings appoints Jijji as MD/CEO of Access ARM Pensions
Access Holdings has appointed Jijji as the Managing Director and Chief Executive Officer of Access ARM Pensions. This strategic leadership change is part of the financial group's ongoing efforts to consolidate its position within the Nigerian pension fund administration industry and enhance its overall service delivery to clients across the country.
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Business · Daily Trust ·
W/Bank ranks Apapa, TinCan among best improved ports
The World Bank has recognized Nigeria’s Apapa and TinCan Island ports as some of the most improved maritime hubs in its latest global assessment. This ranking highlights progress in operational efficiency and port management within the country’s maritime sector, reflecting recent efforts to enhance cargo handling and reduce delays at the nation’s primary gateways.
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Business · Daily Trust ·
FCMB group reports N202.1bn PBT for 2025
FCMB Group has reported a Profit Before Tax of N202.1 billion for the 2025 financial period. The announcement highlights the financial performance of the banking institution as documented in its latest fiscal disclosures. This result marks a specific milestone in the group's earnings within Nigeria's competitive financial services industry.
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Business · Daily Trust ·
Customs records drop in textile smuggling
The Nigeria Customs Service has reported a decline in the illegal importation of textile materials across the country's borders. This reduction follows intensified surveillance and enforcement actions intended to curb smuggling activities, support the local textile industry, and enhance national revenue collection through proper trade channels.
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Business · Daily Trust ·
Dangote secures $600m AFC loan to expand fertiliser production
Dangote Group has secured a $600 million loan from the Africa Finance Corporation to increase its fertilizer production capacity. This funding aims to enhance agricultural output and support food security across Nigeria and the broader African continent through the expansion of existing manufacturing facilities.
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Business · Daily Trust ·
Optiva capital moves to boost African immigration investment
Optiva Capital has initiated efforts to enhance investment opportunities within the African immigration sector. The firm aims to expand its services by providing strategic capital solutions and wealth management options for individuals seeking international residency and citizenship through various investment programmes across the continent.
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Business · ThisDay ·
What Nigeria’s Oil Industry Can Teach Corporate Nigeria About ESG
The Nigerian oil and gas sector provides a framework for other domestic corporations regarding the implementation of Environmental, Social, and Governance standards. Given its historical exposure to international regulatory requirements, the industry offers practical insights into navigating sustainability challenges and corporate responsibility within the country's specific economic landscape.
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Business · The Punch ·
NDLEA nets N6.15bn from Lagos hotel, seized assets auction
The National Drug Law Enforcement Agency has generated 6.15 billion Naira from the public auction of a Lagos hotel and several other seized assets. The revenue was realized through the disposal of properties confiscated during various operations as part of the agency's ongoing asset recovery and enforcement initiatives.
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Business · The Punch ·
FAAN probes alleged gold smuggling by staff
The Federal Airports Authority of Nigeria is investigating reports of gold smuggling allegedly involving its personnel. The agency aims to address the security breach and maintain the integrity of airport operations by identifying those involved in the illicit movement of precious metals through the country's aviation facilities.
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Business · The Punch ·
Customs intercept N403m foreign vegetable oil shipment
The Nigeria Customs Service intercepted a shipment of foreign vegetable oil valued at approximately N403 million. This seizure aligns with the agency's mandate to enforce trade regulations and prevent the illegal importation of restricted goods into the country, aimed at protecting the local agricultural sector and national economy.
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Business · The Punch ·
Peak promotes informed dairy choices for consumers
Peak has launched an initiative to educate consumers on making better dairy selections to improve nutrition. The campaign focuses on providing essential information regarding the benefits of various milk products, ensuring that individuals can select the most appropriate options to meet their specific dietary and health requirements.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.