Business

Updated: Reps to probe alleged sabotage at Warri refinery

The House of Representatives is set to investigate alleged sabotage at the Warri Refining and Petrochemical Company, which has reportedly…

4 years ago

FEC approves $1.5bn for Port Harcourt refinery repairs

The Federal Executive Council has approved $1.5bn approved for the rehabilitation of the Port Harcourt Refinery, one of the four…

4 years ago

Apapa gridlock: Train to move 50% of Lagos port containers

The Nigerian Shippers Council says about 50 per cent of all containers coming to the Lagos ports will be evacuated…

4 years ago

BMW goes green, invests heavily in CO2-reduction steel production

BMW has announced that it is investing in an innovative method of CO2-free steel production being developed by an American…

4 years ago

EFFC gives bankers June 1 deadline to declare assets

The Economic and Financial Crimes Commission says bank workers in Nigeria will be expected to show evidence of their asset…

4 years ago

USSD now to attract N6.98 flat rate, says CBN

The Central Bank of Nigeria (CBN) has announced a new charge of N6.98 for customers using the Unstructured Supplementary Service…

4 years ago

NCAA suspends Azman Air flight operations

The Nigerian Civil Aviation Authority has suspended all flight operations by Azman Air over a number of incidents involving its…

4 years ago

Nigeria’s 33.3% unemployment rate ranks third globally

The country’s unemployment rate hit a new record high of 33.3 per cent in the fourth quarter, 2020 from 27.1…

4 years ago

Okonjo-Iweala urges Nigeria to begin fossil fuel transition, pledges WTO’s trade assistance

Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has expressed the WTO’s willingness to assist the country in surmounting…

4 years ago

Nigeria’s debt rises by N700bn to ₦32.9tn in three months

Nigeria’s total public debt rose to N32.9tn at the end of December 2020, the Debt Management Office has said. It…

4 years ago