Business

  NSCDC shuts down illegal juice factory in Badagry, arrests two THE Nigeria Security and Civil Defence Corps ( NSCDC ), Lagos State Command, on Monday, shut down an illegal juice production factory and paraded two female suspects ( names ...

  Nollywood movie ‘Ikenga’ hits N100m cinema revenue in 1 month – Producer THE Executive Producer of the popular Igbo movie, “Ikenga: The Last Festival”, Anita Odiakaose, says the film has grossed more than N100 million in cinema revenue less ...

  Motorists, commuters decry delay in petrol price cuts MOTORISTS and commuters across the Federal Capital Territory (FCT) have decried the failure by petrol stations to reduce the price of petrol, following the Dangote Refinery’s latest N25 per litre price ...

  Stock market gains N652bn as bullish run continues THE Nigerian equities market extended its bullish run on Tuesday, with investors gaining N652 billion amid sustained buying interest in major stocks. The gains were driven by NGX Group, Aradel Holdings, ...

  Okonjo-Iweala urges N’Delta states to establish special economic zones THE Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has urged Niger Delta states to establish Special Economic Zones (SEZs). Okonjo-Iweala made the call virtually on Tuesday at ...

  Aliko Dangote has said having a male heir is not something he considers a priority, saying his three daughters are more than capable of taking over his business empire when the time comes. The billionaire businessman, who is from Kano, ...

  Former Vice President and ADC presidential candidate, Atiku Abubakar has questioned why petrol is being sold to Nigerians at N1,470 per litre In a statement by his spokesperson, Phrank Shaibu, Atiku said the increase in fuel prices had further worsened the ...

The agency said the alert followed a formal complaint and a market intelligence report on the widespread distribution of the suspected counterfeit product. According to NAFDAC, market surveillance carried out at Ojuwoye Market in Mushin, Lagos, found that the suspected ...

VeryDarkman has thr.eatened legal action against MTN over a Dangote advert he received on his private line He questioned the network provider over how his number was used to deliver the advert, saying he never gave permission for his line to be used for Dangote’s ...

  Africa’s richest businessman, Aliko Dangote, has said he no longer wants to be described as the richest man on the continent, saying he prefers to be recognised as someone who creates wealth for others Dangote made the statement on Monday ...

  FirstBank Expo to strengthen Nigeria’s agricultural exports FIRST Bank of Nigeria Ltd (FirstBank), says its fifth Agric and Export Expo will focus on strategies to strengthen Nigeria’s agricultural export value chain and expand the country’s non-oil export earnings. The ...

  I had my first private jet at 22– Dangote reveals Aliko Dangote, President of Dangote Industries Limited, has disclosed that he acquired his first private jet at the age of 22 and a half. Dangote made this known on ...

  Petrol price rises in Abuja as Dangote increases gantry rate Petrol prices have risen to about N1,430 per litre in Abuja, causing concern among residents. The latest incease comes after Dangote Petroleum Refinery increased it’s gantry price by N85, ...

  Dangote rejects $38bn wealth ranking, says refinery crosses $40bn Alhaji Aliko Dangote, Africa’s richest man and President of Dangote Group, has dismissed recent estimates of his personal wealth, saying he pays little attention to wealth rankings and that his ...

  Navy disrupts illegal refining network, recovers 91,000 litres of crude oil THE Nigerian Navy, under Operation DELTA SENTINEL has discovered and dismantled three illegal refining sites within the Okolomade and Ogbogolo areas of Rivers, recovering approximately 91,000ltrs of crude ...

  ECOWAS to award N91m to startups ECOWAS Acting Director, Private Sector and Industry, Peter Oluonye, speaking at the news conference on Monday in Abuja . THE Economic Community of West African States (ECOWAS) says it is strengthening Micro, Small ...

  Providus Bank boosts Asaba urban renewal with Kainebisi project PROVIDUS Bank has commenced the beautification and restructuring of Kainebisi Roundabout in Asaba, giving fresh impetus to the existing urban renewal initiatives. Speaking at the project’s take off, on Monday, ...

  NDLEA vows to crush drug cartels THE Chairman of the National Drug Law Enforcement Agency, NDLEA, retired Brig.-Gen. Buba Marwa, has vowed to sustain the agency’s crackdown on drug cartels. Marwa said the agency would dismantle criminal networks and ...

  Take NNPCL to capital market, expert urges FG AN energy development economist, Prof. Ken Ife, has called on President Bola Tinubu to take the Nigerian National Petroleum Company Ltd. (NNPCL) to the capital market. The expert made the call ...

  SOME traders and residents in Lagos have expressed relief over the gradual drop in tomato prices across major markets. They said the development had made the commodity more affordable, although some consumers still considered the prices relatively high. The ...

  THE Nigerian Navy, under Operation DELTA SENTINEL, has disrupted three illegal refining sites in Rivers, recovering approximately 85,000 ltrs of products suspected to be illegally refined Automotive Gas Oil. This is contained in an operational report by the Director ...

  Nigeria targets local production of cancer equipment by 2030 – Salako NIGERIA is targeting technology transfer and local production of radiotherapy and imaging equipment by 2030 to strengthen cancer care, Dr Iziaq Salako has said. The Minister of State ...

  Airtel Africa inaugurates Starlink mobile service in DRC AIRTEL Africa has commercially inaugurated Starlink Mobile satellite-to-mobile service in the Democratic Republic of the Congo (DRC), making it the first operator in Africa to deploy the service commercially. Airtel DRC ...

  NPS processes over 26 million transactions as First Bank, Fidelity Bank lead in volume, value The Nigeria Inter-Bank Settlement System  (NIBSS) Plc, Nigeria’s foremost payments infrastructure provider, has commenced the rollout of the National Payment Stack (NPS), a sovereign, ...

  Abuja becoming Nigeria’s most investor-friendly business environment – Wike  THE Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike says the FCT Administration is transforming Abuja into Nigeria’s most investor-friendly business environment. Wike made the remarks in Abuja ...