Business & Economy - Page 43

By Grace Alegba Economic hardship and a pervasive sense of frustration are pushing many Nigerians into the trap of Ponzi schemes, leading to continuous financial losses, says. Prof. Chris Onalo. Onalo is the Registrar/Chief Executive Officer of the National Institute of

By Perpetua Onuegbu The International Conference on Africa’s Democracy (ICAD) has called for the dismantling of borders that separate African countries to promote economic sovereignty and shared prosperity across the continent. Mr Chris Nyama, Team Lead of ICAD, made the call

By Grace Alegba The National Institute of Credit Administration (NICA) chartered, has called for transparency, collaboration, innovations and strict adherence to its mandate for success of the National Credit Guarantee Company (NCGC). Prof. Chris Onalo, Registrar/Chief Executive Officer, NICA, gave

By Funmilola Gboteku The Deputy Mayor of London, Howard Dawber, has identified the ease of opening accounts in London banks as a major hurdle for Nigerian businesses in facilitating seamless cross-border financial transactions. Dawber, who was part of the  London trade

By Rukayat Moisemhe The Centre for the Promotion of Private Enterprise (CPPE) has stressed the need to tackle key inflation drivers, in spite of Nigeria’s inflation declining for a third straight month. Dr Muda Yusuf, CPPE founder, stated this on

By Emmanuella Anokam The House of Representatives says the enactment of the Petroleum Industry Act (PIA 2021) has yielded remarkable results with more than 16 billion dollars investment commitments and significant improvements in oil production. Mr Benjamin Kalu, Deputy Speaker, House

A major strategic shift may be underway at the Nigerian National Petroleum Company Limited (NNPCL), according to its Group Chief Executive Officer, Bayo Ojulari. In a Wednesday interview with Bloomberg from Vienna during an OPEC seminar, he revealed that Phase 1 of

Dangote Petroleum Refinery on Tuesday announced a ₦20 reduction in its ex-depot petrol price, bringing it from ₦840 to ₦820 per litre effective July 8, 2025. This marks the second cut in as many weeks following the previous reduction from ₦880 to ₦840 on

By David Adeoye Oyo state has recorded 12,228 investments in hospitality sector as against 1,328 hospitality businesses operating in the state prior to the advent of the present administration. The State Commissioner for Culture and Tourism, Dr Wasiu Olatunbosun, made this known

Several fuel retailers in Lagos and Ogun States are now selling petrol below ₦900 per litre after Dangote Petroleum Refinery slashed its ex-depot price from ₦880 to ₦840 per litre on June 30, confirmed by Dangote’s spokesman, Anthony Chiejina. MRS Oil reportedly dropped its