BUSINESS Archives - Page 28 of 36

States Borrow N458bn In First Half Of 2025 Amid Soaring Debt Servicing Burden 0

September 27, 2025

States Borrow N458bn in First Half of 2025 Amid Soaring Debt Servicing Burden At least 20 states in Nigeria borrowed a combined sum of about N458bn in the first half of 2025, according to findings by Saturday PUNCH. This borrowing spree comes at a time when state governments are grappling with a sharply rising external

CBN Cuts Interest Rate To 27% As MPC Moves To Bolster Economic Growth 0

BUSINESS, SLIDE

September 23, 2025

CBN Cuts Interest Rate to 27% as MPC Moves to Bolster Economic Growth The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has lowered the country’s benchmark interest rate to 27 per cent, marking a 0.5 percentage point reduction from the 27.5 per cent adopted in July. The decision, reached at the Committee’s 302nd

Nigeria Customs Service Moves To Automate Overtime Cargo Clearance In Zone A 0

BUSINESS, SLIDE

September 16, 2025

Nigeria Customs Service Moves to Automate Overtime Cargo Clearance in Zone A The Nigeria Customs Service (NCS) on Monday announced plans to fully automate its overtime cargo clearance system in Zone A, a landmark move expected to reduce corruption, cut down port congestion, and promote transparency in cargo management. The Comptroller-General of Customs (CGC), Adewale

24000 Jobs To Be Created By CNG Trucks Dangote Debunks Job Loss Claims 0
- BUSINESS, SLIDE
- September 16, 2025
24000 jobs to be created by CNG trucks Dangote debunks job loss claims Africa’s richest man and President of Dangote Group, Aliko Dangote, has dismissed claims that the Dangote Petroleum Refinery’s operations will lead to widespread job losses in Nigeria’s petroleum sector. Speaking on Monday at a press conference inside the refinery complex, Dangote addressed
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Nigeria Faces Looming Fuel Scarcity As Dangote Refinery, NUPENG Clash Deepens As Tanker Drivers Begin Strike Today 0
- BUSINESS, SLIDE
- September 8, 2025
Nigeria Faces Looming Fuel Scarcity as Dangote Refinery, NUPENG Clash Deepens Nigeria may begin to experience fuel scarcity from today (Monday) unless the Federal Government swiftly resolves the industrial face-off between the Petroleum Tanker Drivers (PTD) Branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Dangote Refinery. The dispute erupted
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Presidency Reports N20.59 Trillion Revenue, Highlights Shift From Oil Dependence 0
- BUSINESS, SLIDE
- September 4, 2025
Presidency Reports N20.59 Trillion Revenue, Highlights Shift from Oil Dependence The presidency has announced that the federal government generated N20.59 trillion in revenue between January and August 2025, surpassing its annual revenue target months ahead of schedule. According to Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, this milestone reflects a
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