Business Report
Airline operators confirm Jet A1 purchase from Dangote
Airline Operators in Nigeria have confirmed that they are purchasing Jet A1 fuel from Dangote’s refinery. The spokesperson for Airline...
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FG bans cooking gas export to reduce its soaring price
Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), has directed the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and Liquefied...
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Air Peace hikes Lagos-Abuja ticket to N200,000 from November
From November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace is to hit N200,000. The...
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IMF projects slower economic growth for Nigeria in 2024
The International Monetary Fund has revised its economic forecast for Nigeria, projecting a slowdown in the country’s growth for 2024....
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NERC reveals September report on national grid collapse
The Nigerian Electricity Regulatory Commission has revealed a factsheet on its operational performance for September. PUNCH Online reported that for...
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Cooking gas price rises by 114% in 16 months
The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu...
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FG capital spending drops by 25% – CBN
Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn...
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Nestle announces leadership shake-up as sales slump
Nestle’s new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst...
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Naira weakens to 1,705/$ at parallel market
The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau...
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Nigeria’s inflation rose to 32.70% in September 2024 – NBS
Nigeria’s headline inflation rate for September 2024 rose to 32.70 per cent after slowing consecutively in the previous two months...
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