The importance of banks in driving the economy cannot be over-emphasised. In developing countries, banks are noted as the most important intermediary and which provides the greater financial services and which is…
Category: Business & Economy
NUPRC oil, gas reform delivers 28 FDPs worth $18bn
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s competitive reform agenda has delivered 28 Field Development Plans (FDPs) with $18.2 billion worth of investment commitments. The Commission Chief Executive, Mr Gbenga…
Shoppers applaud Konga’s Category Month as campaign gains momentum
Konga, Nigeria’s leading composite e-commerce group, has continued to record remarkable feedback from shoppers as its ongoing Category Month Campaign builds momentum. Since its kick-off in early September, the initiative has spotlighted…
Vitol, Sunoco take first gasoline cargo from Nigeria’s Dangote to the US, sources say
September 16, 2025 Top global oil trader Vitol and North American fuel distributor Sunoco took delivery of the first U.S. import of gasoline from Nigeria’s new Dangote refinery on Monday, according to…
7,000 Nigerian tourists visit Zanzibar in 2024 – Envoy
Sept. 16, 2025 The Tanzanian High Commissioner to Nigeria, Selestine Kakele, has said that more Nigerians are choosing Zanzibar as holiday destination, with tourists rising to 7,000 in 2024 from 5,000 in…
FG introduces single-window platforms for land registration, agricultural credit
Sept. 16, 2025 Vice-President Kashim Shettima says President Bola Tinubu’s administration is introducing single-window platforms for land registration, strengthening agricultural credit systems, expanding irrigation infrastructure, and scaling mechanisation. Shettima said this in…
Dangote announces plans to expand refining capacity to 700,000bpd, says fuel queues now history
Sept. 15, 2025 President, Dangote Petroleum Refinery, Alhaji Aliko Dangote, says the nation’s 50 years battle with fuel queues has ended, following one year of petrol production at the company’s 650,000 barrels-per-day…
Sub-Saharan Africa’s major economies hit by high finance costs – Moody’s says
September 15, 2025 Borrowing costs for governments and businesses in South Africa, Nigeria and Kenya have risen in the last five years due to policy weaknesses, unfavourable market conditions and inflation, according…
DAPPMAN sends strong message to Dangote on petroleum pricing
The DAPPMAN executive also suggested that the refinery reviews its product delivery arrangements to give marketers more flexibility and reduce costs. Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has advised…
Understanding Oborevwori’s investment drive, by Jackson Ekwugum
Governor Sheriff Oborevwori’s recent investment drives to China and Brazil have, quite predictably, been subjected to all manner of distortions and misinformation by his traducers. Political jobbers, professional armchair critics, paid political…