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Category: Economy

Business Economy headline

Why pharmaceutical multinationals left Nigeria – PMG-MAN

Iheanyi Ejiofor July 15, 2024 No Comments #multinationals#PMG-MANforex

On Sunday, the Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) bemoaned the paucity of foreign exchange in the country, saying it had negatively affected the local pharmaceutical…

Read More Why pharmaceutical multinationals left Nigeria – PMG-MAN
Business Economy headline

Nigeria’s inflation rate surges to 34.19 % amid rising food cost

Iheanyi Ejiofor July 15, 2024 No Comments #inflation#NBS

Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National Bureau of State Statistics (NBS). This is an…

Read More Nigeria’s inflation rate surges to 34.19 % amid rising food cost
Business Economy headline

Dangote Group to become Nigeria’s largest forex supplier, targets $30 billion in revenue by 2025

Iheanyi Ejiofor July 15, 2024 No Comments #Aliko Dangote#Dangote refineryforex

The Dangote Group on Sunday revealed that it is targeting around $30 billion in revenues by the year 2025 whilst projecting to become the largest supplier of foreign exchange in…

Read More Dangote Group to become Nigeria’s largest forex supplier, targets $30 billion in revenue by 2025
Business Economy headline

NNPC now owns 7.2% of Dangote Refinery, not 20%, says Aliko Dangote

Iheanyi Ejiofor July 14, 2024 No Comments #Aliko Dangote#Dangote refinery#NNPC

Our reporter/ The Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20% stake in Dangote Refinery, Aliko Dangote, the chief executive officer of Dangote refiney said on Sunday.…

Read More NNPC now owns 7.2% of Dangote Refinery, not 20%, says Aliko Dangote
Business Economy headline

Tinubu appoints Abubakar Dantsoho as MD of NPA

Iheanyi Ejiofor July 13, 2024 No Comments #Abubakar Dantsoho#NPA

Our reporter/ President Bola Tinubu on Friday removed Mohammed Bello-Koko as the managing director (MD) of the Nigerian Ports Authority (NPA) and appointed Abubakar Dantsoho as his replacement. Bello-Koko was…

Read More Tinubu appoints Abubakar Dantsoho as MD of NPA

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