The Nigeria LNG Limited – NLNG – claims it cannot be held responsible for an alleged shortage of liquefied petroleum gas (LPG), commonly known as cooking…
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All the latest business news in Nigeria
Nigeria Exchange resumed trading with a loss of ₦83Bln billion this week following sell pressure on bellwether stocks. The market capitalisation, which began the week at…
Dangote’s $2 billion petrochemical plant located at Ibeju-Lekki in Lagos State, South-West Nigeria will produce 77 different high-performance grades of polypropylene. The Group Executive Director, Strategy,…
The Nigerian Exchange (NGX) Ltd on Friday moved 232.85 million shares worth N1.85 billion in 3,351 deals, creating a growth in turnover of 24.97 per cent…
The Nigerian National Petroleum Corporation (NNPC) has declared ₦287 billion as its profit after tax for the year 2020. The figure was announced on Thursday by…
Multichoice Nigeria Limited, the owners of cable television services, DSTV, has been directed to pay 50 per cent of ₦1.8 trillion tax backlog – about ₦900…
Africa-focused digital payment business, OPay, has announced raising $400 million in new financing led by SoftBank Vision Fund 2, valuing the company at $2 billion. The…
Shell Petroleum Development Company of Nigeria Ltd. has declared a force majeure on the loading of Nigeria’s key crude grade Forcados. Shell announced the force majeure…
Trading at the Nigerian Exchange (NGX) Ltd. started the week on Monday with the market capitalisation shedding ₦9 billion. The market capitalisation had opened the week…
The World Bank (WB) and African Development Bank (AfDB) have provided $550 million in funding to the Rural Electrification Agency (REA) in support of the implementation…