The manufacturing sector is facing a severe crisis following the Central Bank of Nigeria’s (CBN) delay in settling $2.4 billion worth of foreign exchange forward contracts....
Zarma Mustapha, Deputy President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has reassured the public that the Port Harcourt Refinery is poised to meet...
Africa’s largest oil refinery, the Dangote Refinery, has raised concerns over the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) failure to enforce domestic crude supply obligations. This...
GCR Ratings has affirmed Dangote Industries Limited with national-scale long-term and short-term issuer ratings of AA+ and A1+, respectively. This affirmation highlights the company’s robust financial...
We are pleased to announce that the Central Bank of Nigeria has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc,...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has made a significant addition to the global oil market with the introduction of a new crude oil...
BUA Foods Plc, one of Nigeria’s leading food manufacturing companies, has reported N130.9 billion profit after tax (PAT) for the first half (H1) of 2024, ending...
Nestle Nigeria Plc has reported an after-tax loss of N176.9 billion for the first half of 2024 as the naira devaluation plunged profitability. This represents a...
Nigeria’s modular refineries are facing significant challenges due to bureaucratic obstacles imposed by the Nigerian National Petroleum Company (NNPC) to secure alternative crude oil supplies. This...
The Nigerian Ports Authority (NPA) has reported a drop in vehicle imports from 28,024 units in the first quarter of 2023 to just 10,991 units in...
