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Category: Business

Business Economy headline

Another explosion hits gas facility in Rivers community

Iheanyi Ejiofor March 24, 2025 No Comments #Explosion #Rivers state

A Soku gas pipeline along the Soku-Elok (Abua)-Rumuji-Bonny export terminal in Rivers state was over the weekend hit by explosion. Christian Otiasah, an environmental manager in Soku community, who confirmed…

Read More Another explosion hits gas facility in Rivers community
Business Economy headline

Federal Allocation: FG, states, LGs share N1.678 trillion in February

Iheanyi Ejiofor March 22, 2025 No Comments #Federal allocations #revenue sharing

The communiqué noted that total revenue of N1.678 trillion comprised statutory revenue of N827.633 billion and Value Added Tax revenue of N 609.430 billion. The Federation Account Allocation Committee has…

Read More Federal Allocation: FG, states, LGs share N1.678 trillion in February
Business Economy headline

Dangote Refinery suspends sale of petroleum products in Naira

Iheanyi Ejiofor March 19, 2025 No Comments #Dangote refinery

Our reporter/ Dangote Petroleum Refinery has suspended the sale of petroleum products to customers in Naira. In a notice made public to customers on Wednesday, the refinery said the decision…

Read More Dangote Refinery suspends sale of petroleum products in Naira
Business Economy headline

CBN projects gradual inflation drop in next six months

Iheanyi Ejiofor March 19, 2025 No Comments #CBN #Inflation

Our reporter/ The Central Bank of Nigeria has projected a gradual drop in inflation rate over the next six months. This is contained in its newly released report on inflation…

Read More CBN projects gradual inflation drop in next six months
Business Economy headline

Court strikes out NNPCL’s request to dismiss Dangote’s import license suit

Iheanyi Ejiofor March 18, 2025 No Comments #Court #NNPCL #Dangote #imporr license

Our reporter/ The Federal High Court in Abuja on Tuesday struck out the preliminary objection of the Nigerian National Petroleum Company Limited (NNPCL), challenging the competence of the ₦100 billion…

Read More Court strikes out NNPCL’s request to dismiss Dangote’s import license suit

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