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Category: Economy

Business Economy headline

Total Energies, AA. Rano, 11 plc, others pay N766 to lift Dangote petrol

Iheanyi Ejiofor September 20, 2024 No Comments #Dangote refinery#Petrol

Total Energies, AA Rano, 11 plc and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide. According to BusinessDay…

Read More Total Energies, AA. Rano, 11 plc, others pay N766 to lift Dangote petrol
Business Economy headline

World Bank to approve another $1.5bn loan to Nigeria

Iheanyi Ejiofor September 19, 2024 No Comments #BPE#World Bank

Nigeria is expected to receive a new loan from the World Bank, totalling $1.5 billion. According to the Washington-based financial institution’s project list, the loan is set to be approved…

Read More World Bank to approve another $1.5bn loan to Nigeria
Business Economy headline

PZ moves to reduce exposure to naira volatility, sells African subsidiaries

Iheanyi Ejiofor September 19, 2024 No Comments #PZ Cussons

The exodus of multinational organizations from Nigeria continued this week as Cussons Plc, the parent company of PZ Cussons Nigeria, says the company is planning to sell its African subsidiaries.…

Read More PZ moves to reduce exposure to naira volatility, sells African subsidiaries
Business Economy headline

NNPC Ltd/TotalEnergies’ $550m Ubeta upstream gas project takes off

Iheanyi Ejiofor September 18, 2024 No Comments #Gas#NNPC#project#TotalEnergy#UBETA

The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to…

Read More NNPC Ltd/TotalEnergies’ $550m Ubeta upstream gas project takes off
Business Economy headline

FG, states, LGs shared N1.203 trillion in August – FAAC

Iheanyi Ejiofor September 17, 2024 No Comments #FAAC

The Federation Accounts Allocation Committee (FAAC) shared N1.203 trillion in revenue among the federal government, states and local government councils (LGCs). According to a communique issued by FAAC after its…

Read More FG, states, LGs shared N1.203 trillion in August – FAAC

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