BUSINESS Archives - Page 14 of 36

Dangote Refinery Cuts Diesel Price by ₦200 As Imported Fuel Supply Increases Competition 0

The Dangote Petroleum Refinery has reduced the gantry price of Automotive Gas Oil (diesel) by ₦200 per litre, marking a notable shift in Nigeria’s downstream petroleum market amid rising competition and increased fuel supply. The new adjustment brings the price of diesel down from ₦1,800 to ₦1,600 per litre at the depot level, according

Investors Traded N161.8bn Shares On NGX In Five Days — Down By 50%0

Stock market activity on the Nigerian Exchange Limited (NGX) slowed significantly last week, as investors traded shares worth about N161.75 billion over a five-day period, reflecting a sharp 50 percent decline compared to the previous week. The latest trading data highlights reduced investor participation across the equities market, alongside a mild dip in key performance

CBN Retains Interest Rate At 26.5% After MPC Meeting 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate, known as the Monetary Policy Rate (MPR), at 26.5%. The decision was reached during the committee’s 305th meeting held in Abuja, with all 11 MPC members participating in deliberations on inflation, lending conditions, and the broader

Petrol Marketers Oppose Dangote’s Fresh Legal Challenge Over Fuel Import Licences 0
- BUSINESS, SLIDE
- May 18, 2026
Petroleum marketers in Nigeria have opposed a fresh legal move reportedly initiated by Aliko Dangote concerning fuel import licences, deepening tensions within the country’s downstream oil sector. The dispute is linked to ongoing disagreements over the importation of petroleum products following the commencement of operations at the Dangote Refinery, widely regarded as one of Africa’s
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President Tinubu: Nigeria Attracted $20b Foreign Investments This Year 0
- BUSINESS, SLIDE
- May 15, 2026
President Bola Ahmed Tinubu has announced that Nigeria has attracted nearly $20 billion in foreign direct investment this year, attributing the inflow to improved efficiency, transparency, and a more business-friendly economic environment. He made the remarks while speaking on Nigeria’s economic direction and Africa’s broader development challenges, stressing that the country is repositioning itself to
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Southwest Secures Rail Licence To Transform Regional Trade And Transport 0
- BUSINESS, SLIDE
- May 15, 2026
The South West Development Commission (SWDC) has taken a major step toward reshaping transportation and logistics in Nigeria’s southwest region after securing a provisional rail operating and track access licence from the Nigerian Railway Corporation (NRC). The approval allows the commission to operate passenger and freight rail services across existing railway corridors spanning key states
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