Business & Economy - Page 115

*Says it’s a recipe for disaster in energy sector Major oil marketers have asked the Abuja Division of the Federal High Court to dismiss the suit by Dangote Petroleum Refinery and Petrochemicals seeking to stop  issuance of licenses for the importation

A civil society organization (CSO), International Eagle Watch, has condemned the current hardship faced by Nigerians, alleging that the situation is being compounded by sharp practices by petroleum marketers across the country. Its National Convener, Sunday Udeh, in a statement in

By RUKAYAT ADEYEMI The stock market on Tuesday recorded 0.22 per cent or N131 billion gain after six successive sessions of losses. Specifically, the market capitalisation, which opened at N58.721 trillion, added N131 billion or 0.22 per cent to close at N58.852

The naira depreciated at the official market on Monday, trading at N1,676.90 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the national currency lost N10.18. This

By MIKE ABBAH United Nigeria Airlines and Cronos Airlines have entered into a strategic partnership to establish a Maintenance, Repair, and Overhaul (MRO) facility in Nigeria, aimed at reducing operational costs and boosting the global competitiveness of Nigerian airlines. As part

By MIKE ABBAH Access Holdings Plc recorded a 114.5 per cent, year-on-year, increase in Gross Revenue to N3.4 trillion in the third quarter ended September 30, 2024 from N1.6 trillion in the corresponding period of 2023 The triple

By MIKE ABBAH MTN Nigeria Communications PLC (MTN Nigeria) has announced plans to raise N50 billion through its latest issuance of commercial paper (CP) under its N250 billion Commercial Paper Issuance Programme. This Series 11 and 12 CP issuance

Eight member nations of the OPEC+ alliance announced on Sunday that they would be extending their current oil supply cuts until the end of December. This decision is intended to stabilize oil prices amid fluctuating demand and increasing supply levels, with

To reduce operational costs and enhance Nigerian airlines’ global competitiveness, United Nigeria Airlines and Cronos Airlines have signed a strategic partnership to set up a Maintenance, Repair and Overhaul (MRO) facility in Nigeria. Both companies also sealed an agreement on interline

The Dangote Refinery has rejected claims by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), that its petroleum products are overpriced, describing the other claim that its products are of poor