Business

Refineries Will Never Work, Obasanjo Insists, Cites Failed Reform Efforts

Former President Olusegun Obasanjo has reiterated his long-standing position that Nigeria’s state-owned refineries are unlikely to function effectively under current structures, renewing his call for greater private sector involvement. Obasanjo…

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INEC Insists Voter Registration Ends Today Despite Calls for Extension

The Independent National Electoral Commission (INEC) has reaffirmed that the ongoing Continuous Voter Registration (CVR)…

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Anthony Joshua Battles Back from Two Knockdowns to Stop Kristian Prenga

Anthony Joshua produced a dramatic comeback to defeat Albanian heavyweight Kristian Prenga, recovering from two…

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Lagos Commissioner Wahab Refutes No Movement During Sanitation Exercise Claim

  The Lagos State Government has reiterated that any arrest based solely on movement  during…

Police Deny IGP Ordered Officers To Shoot Illegal Firearm Holders

    The Nigeria Police Force has refuted reports claiming that the Inspector-General of Police,…

Nigeria Police Orders Investigation Into Viral Derogatory Incident On Lagos-Benin Expressway 

  The Nigeria Police Force has begun disciplinary proceedings after a video went viral showing…

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NPA, TTP introduce E-tag for efficient cargo delivery

THE Nigerian Ports Authority, NPA, in collaboration with the management of the Truck Transit Parks Limited, TTP, have commenced moves to…

NEITI cites resource mobilization as reason for oil industry audit

The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, has said that the need to mobilise domestic…

Zenith Bank’s Shareholders Approve N125.59bn Dividend

Shareholders of Zenith Bank Plc Wednesday approved the proposed final dividend payment of N3.50 per share, bringing the total dividend…

Otunba Oriowo joins board of Odu’a Investment Company Limited

Otunba Layiwola Folorunso Oriowo has been appointed as a Director of Odu’a Investment Company Limited (OICL) effective 7th May 2024.…

Shell paid over $1bn tax to FG in 2023

Shell Nigeria says it exclusively paid a total of $1.09bn in corporate taxes and royalties to the Nigerian government in…

Nigeria’s exports sector threatened as 4,817 containers are trapped at Lagos port

•616 export containers abandoned  •Maersk shipping to evacuate 1,900 by tomorrow — APM Terminal The drive by the government to raise…

Nestle Nigeria grows revenue by 43% to N183.5bn in Q1’24

Nestle Nigeria Plc has posted a 43.4 percent Year-on-Year (YoY) increase in its revenue for the first quarter ended March 31,…

Equity investors position ahead of dividend earnings, gain N811bn

Equity researchers have said that the stock market will continue on a positive trajectory this week after six weeks of consecutive…

Local firms, IOCs to bid for 12 onshore, 7 deep offshore oil blocks

Many indigenous companies and International Oil Companies, IOCs, have indicated interest in bidding for the 12 onshore and seven deep offshore…

Lagos-Calabar highway: Telcos fear shutdown as construction threatens cables

Undersea fibre cables linking Europe to Nigeria pass through construction corridor – ALTON, ATCON Barely 48 hours after Multichoice alerted…