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Category: Economy

Business Economy headline

Fuel prices soar as shortages worsen cost of living crisis in Nigeria

Iheanyi Ejiofor May 2, 2024 No Comments #Fuel

Fuel shortages persisted in Nigeria’s major cities on Thursday, causing a sharp increase in prices and exacerbating the country’s cost-of-living crisis. Prices in some retail outlets in Lagos and Abuja…

Read More Fuel prices soar as shortages worsen cost of living crisis in Nigeria
Business Economy headline

Backward Integration: Dangote targets 700,000MT of refined sugar in four years

Iheanyi Ejiofor May 2, 2024 No Comments #Backward Integration#Dangote#Dangote Sugar

…As Q1 revenue rise by 20.1% to N122.7bn   Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in…

Read More Backward Integration: Dangote targets 700,000MT of refined sugar in four years
Business Economy headline

May Day: Welfare of workers remains priority – Gov Otti

Iheanyi Ejiofor May 2, 2024 No Comments

May Day: Welfare of workers remains priority – Gov Otti Abia State Governor, Dr. Alex Otti, OFR, says the welfare of Abia workers will continue to be a priority in…

Read More May Day: Welfare of workers remains priority – Gov Otti
Business Economy headline

Petrol marketers threaten withdrawal of services over N200bn debt

Iheanyi Ejiofor April 30, 2024 No Comments

Our reporter/ The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging…

Read More Petrol marketers threaten withdrawal of services over N200bn debt
Business Economy headline

CBN stops Opay, Moniepoint, others from onboarding new customers

Iheanyi Ejiofor April 30, 2024 No Comments #CBN#Moniepoint#Opay

The Central Bank of Nigeria (CBN) has stopped mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers. A source at the bank,…

Read More CBN stops Opay, Moniepoint, others from onboarding new customers

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