Section
Business
634 stories
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Inoperative Ajaokuta Steel Costing Nigeria N1b annually In Pensions, Salaries: Asuquo
The non-functional Ajaokuta Steel Company Limited (ASCL) is costing the country more than N1 billion annually in pensions, salaries, taxes, and administrative costs, NAN reported. Linus Asuquo, director-general…
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NLC Tells Tinubu’s Govt To Sell Crude To Dangote Refinery In Naira
The Nigeria Labour Congress, NLC, has urged President Bola Tinubu’s government to prioritise selling crude oil to the Dangote Refinery in naira, NAN reported. NLC chairwoman in Lagos,…
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IPMAN Calls Off Strike In Akwa Ibom State
By Udeme HOSEA The Independent Petroleum Marketers Association of Nigeria, IPMAN, in Akwa Ibom State had embarked on a statewide strike action yesterday, protesting the impoundment of their…
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Dangote Refinery Withdraws ₦100 bn Lawsuit Against NNPCL, NMDPRA, Others
Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five…
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Champion Breweries Hit Record-setting N2.3 Billion Net Income In Half Year 2025
Champion Breweries hit a remarkable N2.3 billion net income for Half Year 2025. According to Businessday David Olujinmi, this marks an impressive 692 percent year-on-year growth, rebounding from…
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Aliko Dangote Retires as Chairman of Dangote Cement, Ikazoboh Takes Over
Saturday July 26, 2025TheNewsDESK | By Idorenyin UMOREN Nigerian Businessman and Philanthropist, Aliko Dangote, has officially stepped down as Chairman and Director of Dangote Cement Plc, effective,…
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President Tinubu Vows To Address ₦4trn Power Sector Debt In Meeting With GENCOs
Friday July 25, 2025By TheNewsDESK | President Bola Tinubu met with the Association of Power Generation Companies (GENCOs) on Friday, July 25, at the Presidential Villa, assuring…
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Ibom Paint Unveils First Colour Centre In Uyo
In a vibrant ceremony held on Wednesday, 23rd July 2025, Ibom Paint officially opened its premier Colour Centre at 253 Oron Road, Eni Paul Plaza, adjacent to Ring…
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Suppliers Oppose Dangote’s Proposed Direct Fuel Distribution Scheme
Less than a month before the commencement of Dangote refinery’s direct fuel distribution scheme, oil suppliers in Nigeria have asked the company to rescind its decision. From August…
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NNPC Declares N905bn Profit for June, Remits N6.96tn to Federation in Five Months
The Nigerian National Petroleum Company Limited (NNPC) on Monday announced a Profit After Tax (PAT) of N905 billion for its June operations, a drop from the N1.054 trillion…
