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Dangote: Biggest mess created in 2023 was devaluation of naira

    Dangote: Biggest mess created in 2023 was devaluation of naira

Aliko Dangote, chairman of Dangote Industries Limited, says the devaluation of naira created the biggest mess for the company in 2023. Dangote spoke on Tuesday during the annual general meeting

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Abbas: VAT collection in Nigeria lowest in Africa

    Abbas: VAT collection in Nigeria lowest in Africa

Tajudeen Abbas, speaker of the house of representatives, says Nigeria’s efficiency in collecting value-added tax (VAT) is the lowest in Africa. Abbas spoke at a two-day retreat for members of

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‘Four days free ride’ — FG inaugurates PH-Aba train service

    ‘Four days free ride’ — FG inaugurates PH-Aba train service

The federal government has inaugurated the 62-kilometre (km) Port Harcourt-Aba train service. FG also declared a 4-day free train ride from May 1-4, to encourage and drive the usage of the

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Kaduna refinery to begin operations by year end, says KRPC

    Kaduna refinery to begin operations by year end, says KRPC

The Kaduna Refining and Petrochemicals Company (KRPC) says the refinery will become operational by the end of 2024. Mustafa Sugungun, managing director of KRPC, spoke on Monday when members of

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Nigeria must reduce dependence on imported drugs, says PMG executive secretary

    Nigeria must reduce dependence on imported drugs, says PMG executive secretary

Frank Muonemeh, executive secretary of the Pharmaceutical Manufacturers Group of Manufacturers Association of Nigeria (MAN), says the country should reduce

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$600m investment: FG, Maersk didn’t seal any deal, says Onanuga

    $600m investment: FG, Maersk didn’t seal any deal, says Onanuga

Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, says no agreement or deal was signed between

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Binance founder sentenced to four months in prison for money laundering

    Binance founder sentenced to four months in prison for money laundering

Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison for money laundering, unlicensed money transmitting

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Report: Maersk says no $600m investment deal signed with Nigeria

    Report: Maersk says no $600m investment deal signed with Nigeria

Officials of A.P Moller-Maersk, a Danish shipping company, say there is no $600 million investment deal with the Nigerian government,

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Petrol scarcity: Major oil marketers to lift 300m litres of PMS this week

    Petrol scarcity: Major oil marketers to lift 300m litres of PMS this week

The Major Energies Marketers Association of Nigeria (MEMAN) says its members have commenced loading of over 300 million litres of

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Nestle Nigeria: Naira devaluation caused net loss of N142.7bn in Q1 2024

    Nestle Nigeria: Naira devaluation caused net loss of N142.7bn in Q1 2024

Nestle Nigeria Plc says naira devaluation in the first quarter (Q1) of 2024 caused a net loss of N142.7 billion.

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