There are strong indications that domestic airlines operators may reduce ticket prices for passengers due to the imminent supply of aviation fuel, otherwise known as Jet A1, by Dangote Refinery. Considering that there had been sustained increase in the price of jet fuel over the last four years, indigenous carriers were […]

The Asset Management Corporation of Nigeria, AMCON, has initiated bankruptcy proceedings against the Chairman of Milan Industries Limited, Milan Nigeria Ltd and Milan Beverages Ltd, Rajesh Valecha and four other directors of the companies over their alleged inability to repay a N42billion debt. The other directors, named in five petitions, […]

A Bureau de change (BDC) operator identified as Abubakar Mannir has been accused of defrauding the Chief Executive Officer of Allkraft Technology and Industries Limited, Mr Manas Das, of $737,015.00. It was gathered that Das, a Nigeria-based Indian contacted the Bureau de Change operator, who operated under Emirates Booth Company, to […]

Nigeria records 2.54% GDP growth rate in Q3 2023 Nigeria is projected to slip to the fourth largest economy in Africa in 2024, behind South Africa, Egypt, and Algeria, according to IMF forecasts for April 2024. Nigeria which has held the title of “Africa’s largest economy” since the GDP rebasing […]

The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week. Government sources familiar with the case who spoke on condition of anonymity because they were not authorised to speak on the matter confirmed the […]

The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The National Vice President of IPMAN, Hammed Fashola, stated this on Wednesday while appreciating the Dangote refinery for reducing the price […]

The Federal Government is set to receive around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the African Development Bank. Minister of Finance, Wale Edun, disclosed this during a press briefing at the end of Nigeria’s activities at the World Bank/International Monetary Fund […]

The Central Bank of Nigeria (CBN) appeared to have finally subdued arguably one of the most grueling and the multi-faceted attacks on the Naira in recent times. This is just as data compiled by THISDAY on the daily turnover on the official Nigerian Autonomous Foreign Exchange (NAFEM) between January 18 and […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P),… The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), […]

Automotive gas oil (AGO), also known as diesel, sold for as high as N1,500 at fuel stations in Lagos and Abuja on Saturday. TheCable observed that Mobil and TotalEnergies fuel stations in Festac Town, sold for N1,300 per litre and N1,500 per litre, respectively. In Abuja, the price of the product […]