Business

Nigeria Suspends Petrol Import Licenses as Dangote Refinery Expands Supply

Nigeria Suspends Petrol Import Licenses as Dangote Refinery Expands Supply

Nigeria has halted the issuance of new petrol import licenses in a move that signals a strategic shift toward strengthening…
Diesel Price Surge Raises Pressure on Nigeria’s Generator-Dependent Economy

Diesel Price Surge Raises Pressure on Nigeria’s Generator-Dependent Economy

Rising diesel prices are increasing operational pressure on Nigerian businesses as the cost of self-generated electricity continues to climb across…
Iran Conflict Disrupts Fertiliser Supply, Boosts Demand for Dangote Products

Iran Conflict Disrupts Fertiliser Supply, Boosts Demand for Dangote Products

Global demand for fertiliser produced by Dangote Industries has increased as geopolitical tensions involving the United States, Israel and Iran…
Oil Prices Set for Weekly Gain as Geopolitical Risks Push Brent Above $100

Oil Prices Set for Weekly Gain as Geopolitical Risks Push Brent Above $100

Global crude oil prices advanced on Friday and are on track to close the week higher as rising geopolitical tensions…
Jaiz Bank Appoints Omolara Ismail as Executive Director

Jaiz Bank Appoints Omolara Ismail as Executive Director

Jaiz Bank Plc has announced the appointment of Omolara Muinat Ismail as Executive Director, following approval from the Central Bank…
Oil Price Turbulence Sparks Volatility Across Global Financial Markets

Oil Price Turbulence Sparks Volatility Across Global Financial Markets

Global financial markets traded cautiously on Wednesday as oil prices surged again, triggering renewed volatility across equities and currency markets…
Brent Falls Below $93 as Trump Comments Calm Oil Supply Concerns

Brent Falls Below $93 as Trump Comments Calm Oil Supply Concerns

Global oil prices declined sharply on Tuesday after remarks from U.S. President Donald Trump suggested that the ongoing conflict in…
Vitafoam Declares ₦3 Dividend, Approves Bonus Shares at 64th AGM

Vitafoam Declares ₦3 Dividend, Approves Bonus Shares at 64th AGM

Shareholders of Vitafoam Nigeria Plc have approved a dividend of ₦3.00 per share for the financial year ended September 30,…
Petrol Hits ₦1,175 Per Litre as Dangote Refinery Raises Gantry Price Again

Petrol Hits ₦1,175 Per Litre as Dangote Refinery Raises Gantry Price Again

Petrol prices in Nigeria have climbed further after the Dangote Petroleum Refinery increased the gantry price of Premium Motor Spirit…
Dangote Sugar Refinery Narrows Loss to N64.1 Billion as Revenue Climbs to N829.2 Billion in FY2025

Dangote Sugar Refinery Narrows Loss to N64.1 Billion as Revenue Climbs to N829.2 Billion in FY2025

Dangote Sugar Refinery Plc reported a significant improvement in its 2025 financial performance despite remaining in negative territory as rising…
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