Economy - Page 18

Today, May 26, 2025, we commenced enforcement on the 4,794 properties revoked for non-payment of Ground Rent, from 10 to 43 years. Properties owned by government institutions, corporate organisations and individuals were affected. This demonstrates the Federal Capital Territory Administration’s commitment to

Fidelity Bank Plc has refuted the allegations published by a media organisation on May 21, 2025, accusing the Bank’s Managing Director/CEO, Dr. Nneka Onyeali-Ikpe, of engaging in insider trading. In a formal statement released to NGX Regulation Limited (NGX) and the public,

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that the country’s Port Harcourt Refining Company (PHRC) will undergo a planned maintenance shutdown. The scheduled maintenance and sustainability assessment will commence today, Olufemi O. Soneye, Chief Corporate Communications Officer, NNPC Ltd,

The Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide. The new rates now range from ₦875 to ₦905 per litre, depending on location. A breakdown of the revised prices shows, Lagos:₦875, South-West

The Federal Government plans to raise a total of ₦300 billion in revenue from the domestic bond market in May 2025. The auction will be held on May 26, with settlement slated for May 28, 2025. The bond market remains a critical

President Bola Tinubu has inaugurated the new board of the Nigerian National Petroleum Company Limited (NNPCL) and charged them to use their wealth of experience to turn the country’s economy around. Tinubu inaugurated them in Abuja on Thursday, urging the new NNPC

Fidelity Bank Plc has issued a strong statement refuting an online publication claiming that the bank is facing bankruptcy due to a Supreme Court order requiring it to pay N225 billion in damages to a Nigerian firm. In a statement signed by

The Dangote Petroleum Refinery and Petrochemicals has revealed plans to partner with an international petrochemicals distribution company, Vinmar Group, to export Dangote polypropylene to global markets. The refinery began 25kg bag polypropylene production in March for the local market. Nigeria currently imports

South Africa’s competition authority announced Wednesday it had approved the buyout of Africa’s largest pay TV enterprise, MultiChoice, by France’s Canal+, which wants to expand its footprint on the continent. The merger, which has been in the works for nearly a year,

Oil prices slipped on Monday after Moody’s downgraded the U.S. sovereign credit rating and official data showed a slowdown in the pace of China’s industrial output and retail sales. Front-month Brent crude futures edged down 37 cents, or 0.57%, to $ 65.04