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Category: Economy

Business Economy headline

Report: Stranded cargo shows credit challenges at Dangote refinery

Iheanyi Ejiofor April 26, 2024 No Comments #Dangote refinery

Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Dangote’s new refinery for nearly a month due to payment issues, according to four…

Read More Report: Stranded cargo shows credit challenges at Dangote refinery
Business Economy

Q1: More Nigerians buy Dangote Cement, as volume rises by 26.1% to 4.6MT  

Iheanyi Ejiofor April 25, 2024 No Comments #Dangote cement

Strategies adopted by Dangote Cement to increase sales and ensure an adequate supply of products to customers are yielding the desired results as domestic sales volume increased, by 26.1 percent to…

Read More Q1: More Nigerians buy Dangote Cement, as volume rises by 26.1% to 4.6MT  
Business Economy headline

Cause of tightness in fuel supply resolved, says NNPC

Iheanyi Ejiofor April 25, 2024 No Comments #Fuel#NNPC

Our reporter/ The Nigerian National Petroleum Company Limited (NNPC Ltd.) On Thursday evening said the cause of the tightness in the supply of fuel that has led to the scarcity…

Read More Cause of tightness in fuel supply resolved, says NNPC
Business Economy headline

Naira loses 0.64% against dollar at official market

Iheanyi Ejiofor April 25, 2024 No Comments #official FX marketdollarnaira

The naira has further depreciated at the official market, trading at N1, 308.52 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees…

Read More Naira loses 0.64% against dollar at official market
Avaition | Transport Business Economy headline

Keyamo orders immediate suspension of Dana Air pending audit

Iheanyi Ejiofor April 24, 2024 No Comments #Dana airKeyamo

The Minister of Aviation, Festus Keyamo, has directed the Nigerian Civil Aviation Authority (NCAA) to suspend Dana Air, a day after one of the airline’s planes skidded off the Murtala…

Read More Keyamo orders immediate suspension of Dana Air pending audit

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