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Category: Economy

Business Economy headline

Report: Dangote refinery ships jet fuel to US amid petrol trade crisis in Nigeria

Iheanyi Ejiofor March 25, 2025 No Comments #Dangote refinery #Jet fuel

Six vessels carrying about 1.7 million barrels of jet fuel from the Dangote refinery arrived at U.S. ports this month, data from ship-tracking service Kpler showed. Another vessel, Hafnia Andromeda,…

Read More Report: Dangote refinery ships jet fuel to US amid petrol trade crisis in Nigeria
Business Economy headline

UBA proposes N3 final dividend, grows profit to N804b

Iheanyi Ejiofor March 24, 2025 No Comments #UBA #Final dividend

Directors of the United Bank For Africa (UBA) have proposed a final dividend of N3.00 per share from the retained earnings account as of 31 December 2024. The development which…

Read More UBA proposes N3 final dividend, grows profit to N804b
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

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