BUSINESS Archives - Page 31 of 36

World Bank Approves $300 Million To Boost Support For IDPs And Host Communities In Northern Nigeria 0

August 13, 2025

World Bank Approves $300 Million to Boost Support for IDPs and Host Communities in Northern Nigeria The World Bank has approved a $300 million financing package for Nigeria to strengthen resilience and expand access to essential services for Internally Displaced Persons (IDPs) and their host communities in Northern Nigeria. The approval, granted on August 7,

NLC Urges Federal Government To Sell Crude To Dangote Refinery In Naira 0

NLC Urges Federal Government to Sell Crude to Dangote Refinery in Naira The Nigeria Labour Congress (NLC) has called on the Federal Government to prioritise selling crude oil to the Dangote Refinery in Naira, arguing that such a move would reduce fuel prices and strengthen the country’s refining capacity. Lagos State NLC Chairperson, Funmi

Nigeria’s $3.53bn World Bank Health Loans Show Little Impact, Stakeholders Say 0

Nigeria’s $3.53bn World Bank Health Loans Show Little Impact, Stakeholders Say Over the past nine years, Nigeria has secured a staggering $3.53bn (N5.4tn at the official exchange rate of N1,535/$) in health-related loans from the World Bank, alongside $111.29m in grants, according to publicly available project data. However, health professionals and stakeholders say the impact

Nigerian States Spend ₦235.58bn On External Debt Servicing In First Half Of 2025 0
- BUSINESS, SLIDE
- August 11, 2025
Nigerian States Spend ₦235.58bn on External Debt Servicing in First Half of 2025 Nigeria’s 36 states collectively spent about ₦235.58 billion on servicing external debt in the first six months of 2025, representing a steep 68.4 per cent increase over the ₦139.92 billion recorded during the same period in 2024. The analysis, based on
READ MORE
India Buys Nigerian Crude As Dangote Refinery Leans On US Oil Imports 0
- BUSINESS, SLIDE
- August 11, 2025
India Buys Nigerian Crude as Dangote Refinery Leans on US Oil Imports LAGOS/NEW DELHI — In a development that industry experts are calling an “oil trade irony,” India’s state-run refiners are buying millions of barrels of Nigerian crude while Nigeria’s own Dangote Petroleum Refinery—Africa’s largest—is increasingly sourcing its feedstock from the United States. According to
READ MORE
Dangote Refinery Dismisses Shutdown Rumours, Reaffirms Steady Fuel Supply 0
- BUSINESS, SLIDE
- August 9, 2025
Dangote Refinery Dismisses Shutdown Rumours, Reaffirms Steady Fuel Supply The Dangote Petroleum Refinery has firmly denied claims suggesting a halt in operations, assuring Nigerians that the facility remains fully active and stable. In a statement issued on Friday, Group Chief Branding and Communications Officer Anthony Chiejina labelled recent shutdown reports as false and misleading, stressing
READ MORE