Business

President Muhammadu Buhari on Tuesday, March 22, 2022, conducted the commissioning of Dangote Fertiliser Plant in Ibeju Lekki.  The President said he is optimistic that Aliko Dangote, President of Dangote Industries, will replicate the success recorded in the cement industry in the fertilizers segment. According to him, the Group put an end …

The Appeal court in Owerri has ordered Shell oil company to deposit about $2 billion in an account controlled by the court within two working days. This comes after Shell appealed an earlier Federal High Court ruling in November 2020 that ordered Shell to pay 800 billion naira ($1.95 billon) …

The association said the continued rise in the price of diesel had made the price of the commodity to be doubled, warning that a total shutdown of operations by break-makers was imminent. The PBAN President, Emmanuel Onuorah, made the declaration during an interview with newsmen. “This country may collapse on everybody. …

  Recall we reported earlier  about an alleged hijack of aviation fuel by supply chain, in a new development,  the chairman of Air Peace, Allen Onyema, has warned that all Airlines in the country would shut down in three days time over the non-availability of Aviation fuel to run their …

Chukwuka Ekweani popularly known as Ckay whose global hit ‘Love Nwantiti’ has made him the best-selling African artist globally, has accumulated over N2.6 billion in streaming royalties, BusinessDay calculation shows. The song’s 6 official versions of the original audio, remixes, and videos have generated over 1.5 billion streams from streaming …

African fintech Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in just twelve months. In March 2021, the San Francisco-headquartered and Lagos-based startup raised $170 million in a Series C round from Tiger Global and Avenir at a valuation …

Over the weekend, some national news platforms reported that the Central Bank of Nigeria (CBN) has issued a downward review of charges for electronic banking transactions. According to the viral story, the apex bank announced a reduction in the amount payable for cash withdrawals from other banks’ automated teller machines …

For the fourth time in a row, Dangote Group, a fully integrated Conglomerate and proudly Nigeria brand has again emerged as the most Valuable brand in Nigeria while the MTN Nigeria trailed as the Most Popular brand in the new Top of the Mind (TOM) survey conducted among corporate executives …

A South African man identified as Tsepo Rapudi has become a source of inspiration to many with the story of how he opened his own business within a year of losing his job. He lost his job in 2019, but that did not make him depressed or weigh him down, …

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has described as unfortunate President Muhammadu Buhari regime’s reimposition of VAT on cooking gas, warning that Nigerians may have to up to N10,000 to buy a cylinder of cooking gas. The marketers appealed to Mr Buhari’s regime to reconsider the imposition …