Business

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 blocks put forward for sale by the Federal Government. Vanguard gathered…

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Dangote/NNPC rift: Nigeria’s petrol import from Malta jumps 43 times to $2.08bn

Nigeria’s importation of petroleum from Malta has skyrocketed to 43 folds, amounting to $2.08 billion in 2023. A report by…

Dangote, local refineries to end fuel importation

Owners of local refineries in Nigeria, including the Dangote Petroleum Refinery, say they can help the country stop the importation…

Netflix raises subscription by 40% for Nigerian users

Video streaming platform, Netflix, has once again increased its subscription prices in Nigeria with its Premium Plan going up by…

Nissan shares plunge after profit warning

Nissan tumbled more than 10 percent on Thursday after the Japanese automaker issued a profit warning, citing “intense sales competition”,…

NACCIMA, others kick as CBN hikes interest rate to 26.75%

The Central Bank of Nigeria, CBN yesterday intensified its efforts to curb rising inflation as it announced further hike in its…

First Bank/Visa promo to reward 520 cardholders

First Bank has unveiled its continuous Visa Cross Border and Summer campaign in partnership with Visa. The campaign, which commenced…

We’re leaving AAAN stronger than we met it — Babaeko

Immediate Past President of the Association of Advertising Agencies of Nigeria (AAAN), Mr Steve Babaeko, has expressed the delight that…

Inferior fuel: FG demands Dangote refinery’s diesel report, orders new test

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is expecting fresh reports to confirm the real…