Business

The recent naira devaluation, which is dampening the production capacity of many businesses in the manufacturing value chain, has however driven up foreign demand for some products. While the naira has continued to depreciate, the West…

About 71 companies enjoyed N390.26bn pioneer status incentives in two years, according to findings by The PUNCH. Data obtained from the Federal Inland Revenue Service annual reports showed that pioneer status incentives gulped N1.43bn in…

Lagos Govt Reopens Sealed Ladipo Market. The government said business activities would commence at the popular spare parts market, after its recent closure for various environmental infractions. The Lagos State Government has reopened…

Dangote, Lafarge, BUA post highest profit margins among global peers Nigerian cement giants – Dangote Cement, BUA Cement, and Lafarge Africa – posted the highest profit margin among global peers in the first half of 2023, according to…

• Forex Crisis Impedes Procurement of Raw Materials and Sparks Financial Issues – NECA • SMEs Express Concerns About Imminent Closure as Reps Investigate Airlines and Schools Requiring Dollars On Tuesday, the naira experienced a further…

Ladipo market remains closed – Lagos govt clarifies 9th October 2023 The Lagos State Government, on Monday, said Ladipo Market was yet to be reopened. According to a release signed by Director, Public Affairs, Mrs Kadiri…

The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconventional measures that might undermine their monetary policies. According to the Washington Bank, these measures include…

Driveinhud, Nigeria's car sharing platform, is thrilled to announce its rebranding as inHud. With a journey that began just five months ago, inHud has already facilitated an impressive 90,000 bookings, transforming daily commuting across…

Gas Flare Reduction: Norwegian Firm Completes Installation of 18 Ultrasonic Meters in Dangote Refinery A Norwegian firm, Fluenta, has announced the completion of work on the Africa’s biggest oil refining facility, the Dangote Refinery in…

•Dangote expects crude from NNPCL November, begins operations October •$3bn crude-for-loan deals, others put pressure on local supply The Dangote Petroleum Refinery is currently importing crude oil and expects its first crude cargo in…