After obtaining all necessary regulatory approvals, Guinness Nigeria Plc has confirmed the completion of the sale of Diageo’s shareholding in Guinness Nigeria to Tolaram, effective Monday,…
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All the latest business news in Nigeria
Nigeria will receive a total of $1.57 billion from the World Bank to enhance human capital by improving health services for women, children, and adolescents. The…
The Federation Allocation Accounts Committee (FAAC) has deducted a total of N622.75 million over 15 months to repay loans disbursed to farmers under the Central Bank…
The Nigeria Extractive Industries Transparency Initiative (NEITI) audited the petroleum industry and revealed that oil companies owe the Nigerian government about $6.175bn in royalties and taxes.…
The Central Bank of Nigeria has increased the Monetary Policy Rate (MPR) to 27.25% from 26.75%, marking a 50 basis point rise. Olayemi Cardoso, the CBN…
Oil marketers have guaranteed Nigerians that Premium Motor Spirit (PMS) or petrol prices will decrease once they begin directly obtaining products from the Dangote Refinery. This…
Nigeria’s external reserves reached a 22-month high of $37.31 billion, indicating a significant increase in foreign inflows into the country’s economy. According to the Central Bank…
The rail transportation system in Nigeria is gaining popularity, with revenues reaching ₦1.69 billion in the second quarter of 2024, marking a 53.14% increase from the…
PZ Cussons has announced its intention to offload its African subsidiaries to potential buyers due to foreign exchange difficulties. This decision was disclosed in the company’s…
Following the official lifting of petroleum from the Dangote Refinery by the Nigerian National Petroleum Corporation Limited (NNPCL), oil and gas expert Jide Pratt says it…