Dangote Refinery begins sale of petrol, but offers no price relief
The Dangote Refinery, a $20 billion project with a capacity to process 650,000 barrels of crude oil per day, has begun selling refined petrol...
NNPC blames “financial strain” for petrol scarcity, a hint price may rise
The Nigerian National Petroleum Corporation (NNPC) Ltd. says it is facing a “financial strain” that is affecting the supply of petrol in the country,...
Nigerian companies predict naira decline in coming months
Nigerian businesses expect a decline in the value of the naira from now until December, with hopes for a rebound next year, according to...
BUA Foods expands wheat flour milling capacity with four new plants
BUA Foods Plc, a top food manufacturing company in Nigeria, has announced a significant expansion of its wheat flour milling capacity.
The company has signed...
Tinubu buys $100 million jet as Nigerians suffer severe hardship
Nigerian President Bola Tinubu has acquired a new private jet, an Airbus A330 business aircraft, even as millions of Nigerians continue to struggle with...