Business
Nigeria’s Oil Output Declines to 1.5 Million Barrels Per Day
Nigeria’s oil production reached its lowest level in three months in October, with the country producing just 1.5 million barrels of crude oil per...
Business
N190m Tax Default: Kano Revenue Service Seals Max Air
The Kano State Board of Internal Revenue Service (KIRS) has sealed the head office of Max Air Limited in a dramatic move to enforce...
Business
Good News: Unemployment Rate Drops to 4.3% in Q2
Nigeria’s unemployment rate has dropped to 4.3% in the second quarter of 2024, according to the latest figures released by the National Bureau of...
Business
Lagos Reclaims Control Over Lotteries After Supreme Court Victory
The Lagos State Government has secured a landmark victory at the Supreme Court, reclaiming its constitutional authority to regulate lotteries and gaming within its...
Business
Naira Under Siege: Currency Falls to ₦1,750/$ in Parallel Market
The Nigerian Naira has continued its downward slide, hitting ₦1,750 per dollar in the parallel market on Friday, marking a ₦5 drop from Thursday’s...
Business
NNPC Orders Halt to Petrol Imports, Banks on Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC) has directed oil marketers to stop importing petrol, citing the Dangote Refinery’s capacity to meet the country’s...
Business
Dangote Refinery Struggles with Naira-Based Crude Sale
The Dangote Petroleum Refinery, one of the largest in Africa, has revealed that the federal government’s ambitious initiative to sell crude oil priced in...
Business
Nigerian Government Targets 100,000 Barrels From New Bayelsa Oil Rig
The Nigerian government has set an ambitious target to increase crude oil production to 100,000 barrels per day (bpd) at the new Abigail Joseph...