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Business · Daily Post ·BREAKING: Dangote Refinery hikes petrol price
The Dangote Refinery has implemented an upward adjustment to the price of petrol distributed from its facility. This decision directly impacts the cost of fuel available to consumers and marketers across Nigeria, representing a change in the refinery's pricing strategy for its domestic petroleum product supply.
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Business · Nairametrics ·Capitalfield Investment Group Raises ₦5 Billion via Rights Issue, Positions for Strategic Growth and Private Placement
Capitalfield Investment Group has successfully secured ₦5 billion in funding through a rights issue. The capital injection is aimed at supporting strategic expansion and growth initiatives. Additionally, the investment firm is preparing for a private placement to further strengthen its financial position and support its long-term objectives.
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Business · ThisDay ·
STL Trustees Marks 30th Anniversary, Surpasses N2bn Capitalisation Threshold
STL Trustees has celebrated its 30th anniversary while announcing that it has exceeded the N2 billion capitalisation threshold. This milestone signifies the company's sustained growth within the Nigerian financial services industry and its commitment to maintaining a robust capital base to support its operations and meet regulatory standards in the trusteeship sector.
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Business · Daily Post ·BREAKING: Crude oil hits $115 per barrel, highest since 2022
International crude oil prices have surged to 115 dollars per barrel, representing the highest price point observed since 2022. This development indicates a substantial rise in global energy market valuations, which holds implications for the economic landscape and revenue projections of major oil-exporting countries across the globe.
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Business · BusinessDay ·Ashcorp Group redefines corporate success through social impact, health equity
Ashcorp Group has integrated social impact and health equity into its core business strategy to redefine corporate success. The organization focuses on community-driven initiatives aimed at improving healthcare access and societal well-being. This approach highlights the group's commitment to sustainable development and corporate responsibility within the Nigerian business environment.
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Business · BusinessDay ·Nigeria’s historic safety score will propel Africa’s global aviation rating – global bodies
International aviation organizations have indicated that Nigeria's record-breaking safety performance is expected to improve the overall aviation rating for the African continent. This development follows recent assessments showing significant improvements in the country's adherence to global safety standards and operational protocols within the industry.
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Business · Channels TV ·5kg Cooking Gas Price Hits ₦7,655 In March
The average price for refilling a five-kilogram cylinder of Liquefied Petroleum Gas, commonly known as cooking gas, reached ₦7,655 in March. This figure represents the market cost for Nigerian consumers, reflecting significant price movements within the domestic energy sector based on data reported for the period.
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Business · Leadership News ·
ANRML Commissions 4 Borewells In 3 Kaduna Communities
African Natural Resources and Mines Limited has commissioned four borewells across three communities in Kaduna State. The project is intended to provide residents with improved access to potable water, reflecting the organization's commitment to community development and corporate social responsibility within its operational areas in the state.
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Business · Nairametrics ·
UAE exits OPEC: What it means for Nigeria
The United Arab Emirates' departure from the Organization of the Petroleum Exporting Countries presents various economic consequences for Nigeria. This move potentially influences global oil supply and pricing, impacting Nigeria's national revenue and its strategic influence within the international energy market as a member of the remaining oil-producing bloc.
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Business · Nairametrics ·
NASCON posts N14.98 billion Q1 pre-tax profit driven by cost efficiency
NASCON Allied Industries recorded a pre-tax profit of 14.98 billion Naira during the first quarter of the year. The company attributed this financial outcome to enhanced cost efficiency measures. This performance highlights the firm's operational focus and profitability within the Nigerian industrial sector for the reporting period.
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Business · ThisDay ·
Odu’a Investment, Ibadan Economic Team, to Partner on SMEs Growth
Odu’a Investment Company Limited and the Ibadan Economic Team have formed a partnership aimed at fostering the growth of small and medium-scale enterprises. This collaboration focuses on driving regional economic development by providing essential support and resources to local businesses to enhance their commercial sustainability and investment potential.
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Business · Nairametrics ·
States retirees threaten nationwide protest over pension payments review
Retirees from various Nigerian states are planning a nationwide protest to express dissatisfaction with the current status of pension payment reviews. The group aims to pressure state governments into addressing grievances related to the adjustment and disbursement of retirement benefits, citing delays and inconsistencies in the implementation of new payment structures across the federation.
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Business · BusinessDay ·NEPC scales up training, certifications to empower women exporters
The Nigerian Export Promotion Council is increasing its efforts to provide specialized training and professional certifications for female exporters. This initiative aims to enhance the capacity of women-led businesses to compete in international markets and improve the quality of Nigerian exports through structured empowerment programs and regulatory compliance support.
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Business · BusinessDay ·Adidas Q1 profit jumps 16% to €705m amid volatile retail climate
Adidas recorded a 16 percent increase in first-quarter profit, reaching 705 million euros despite facing a volatile retail environment globally. The sportswear manufacturer achieved this growth amidst fluctuating market conditions, reflecting a significant performance improvement compared to the previous year's figures reported during the same period.
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Business · Nairametrics ·
Naira hits fresh low of N1,896/£1 despite british pound meltdown
The Nigerian naira has declined to a record low of N1,896 against the British pound. This depreciation occurs even as the pound experiences its own market challenges, indicating continued pressure on Nigeria's local currency within the foreign exchange market.
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Business · BusinessDay ·Jollof rice cost hits N30,435 as Iran war drives food prices
The cost of preparing a pot of Jollof rice in Nigeria has reached N30,435, reflecting a significant increase in food prices. This surge is linked to global economic disruptions caused by the conflict involving Iran, which continues to impact local commodity costs and overall inflation across the country.
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Business · Premium Times ·How Mbah grew Enugu’s IGR from N26bn to N407bn, By Uche Anichukwu
Governor Peter Mbah of Enugu State has recorded a substantial rise in Internally Generated Revenue, increasing figures from N26 billion to N407 billion. The achievement highlights fiscal management strategies implemented by the state government to enhance local revenue collection and support public expenditure for infrastructure and social services.
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Business · Channels TV ·NNPC Hikes Nigerian Crude Prices As Nations Reap Gains From Iran War
The Nigerian National Petroleum Company Limited has raised the official selling prices for Nigeria's crude oil grades. This decision comes as global energy markets react to the conflict involving Iran, which has allowed various oil-exporting nations to capitalize on shifting trade patterns and higher international oil prices to bolster their economic returns.
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Business · Vanguard ·Oil prices rise further with Iran war peace talks stalled
Global crude oil prices have experienced a further increase following the stalling of peace negotiations related to the conflict involving Iran. Market uncertainty continues to drive up costs as diplomatic efforts fail to yield immediate results, impacting international energy supplies and pricing trends across global markets.
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Business · Nairametrics ·
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria has reported a significant increase in foreign currency tax revenue, reaching a total of N6.33 trillion. This growth in tax receipts highlights a rise in government revenue collected in foreign denominations, reflecting current economic trends and fiscal collections reported by the nation's financial authorities.
Nigerian News
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