BUSINESS
Obi decries antagonisms to Dangote, says refinery too precious to fail
Obi decries antagonisms to Dangote, says refinery too precious to fail
The 2023 Labour Party presidential candidate, Peter Obi, has voiced his support for the Dangote Refinery, urging the Nigerian government to resolve ongoing conflicts and provide necessary assistanc...
Refinery: “My friend who warned me against investing in Nigeria now making jest of me” - Dangote laments
Africa’s wealthiest man, Aliko Dangote, says one of his friends who started investing abroad four years ago, has been taunting him over the back and forth with the government in recent times. Dang...
Dangote offers to sell refinery to NNPCL amidst indictments of attempting to monopolise the oil industry
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an interview on Sunday, the busine...
Why cement price may soon increase - Distributors adduce reasons
Cement distributors in Lagos have stated that prices of the commodity might rise to levels seen earlier in the year during the next dry season when demand increases. A review of prices across ma...
Shortage of Domestic Supply: Dangote to import one million barrels of crude oil from Brazil
Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday. It said this would add to the large number of overseas barrels of crude feedstock that the Nig...
MTN remits over N549bn taxes, levies to FG, report reveals
MTN Nigeria Communications Plc has announced that it contributed N549.3bn in taxes and levies to the Nigerian government. This was disclosed in the company’s 2023 Sustainability Report filed with ...
NDIC lists Heritage Bank head office, branches, other assets for sale, invites bids from interested buyers
The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its role as liquidator of the bank. NDIC announced...
Dangote says petrol supply no longer feasible in June, shifts it to July
The Dangote refinery has said its plan to release premium motor spirit into the market this month will no longer be possible. The President of Dangote Group, Aliko Dangote, told newsmen on Monday ...
Refinery: Dangote has put successive Nigerian governments to shame - Akpabio
Godswill Akpabio, Nigeria’s Senate President has said Aliko Dangote, the chairman of the Dangote Group shamed successive governments by completing 650,000 barrels per day refinery. Akpabio said th...