Business & Economy - Page 43

A fully operational Ajaokuta Steel Company could create over 500,000 jobs and save Nigeria $4 billion annually in steel imports, according to its Managing Director, Prof. Nasir Naeem Abdulsalam. At the opening of the 2025 International Conference, Exhibition, and Annual General Meeting

Total Energies’ push to retreat from Nigeria’s onshore oilfields has suffered a major setback after regulators revoked approval for its planned $860 million sale of a 10 per cent stake in the Shell Petroleum Development Company (SPDC) joint venture to Chappal

Governor Bassey Edet Otu has assured Holcim Cement, which has taken over ownership of Lafarge Africa PLC, of his administration’s unwavering support in providing an enabling environment for investment growth in Cross River State. The Governor gave the assurance while receiving

The Nigeria Customs Service (NCS), Apapa Command, has announced plans to scale up its cargo inspection processes with a target of scanning 200 containers per hour, in a move aimed at boosting trade facilitation and reducing congestion at the nation’s busiest

Standards Organization of Nigeria (SON) has lauded Dangote Cement Plc for its significant role in elevating the country’s manufacturing sector and urged other manufacturers to emulate the Company’s dedication to best practices and operational excellence. The commendation followed the successful

By Gabriel Agbeja UN Climate Change Executive Secretary Simon Stiell has said that clean energy investment has increased tenfold since the Paris Agreement, a significant achievement attributed to the multilateral system. This is contained in a statement released in Abuja on

Dangote Petroleum Refinery and Petrochemicals Limited has suspended self-collection gantry sales of petroleum products at its facility, effective Thursday, September 18, 2025. The company announced the directive in a mail correspondence signed by its Group Commercial Operations Department, obtained on Friday. The

Nigeria’s crude oil import volumes have surged to record highs, driven by the operational demands of the Dangote Refinery, which is reshaping global and regional trade flows since beginning large-scale production. Industry sources revealed that the 650,000-barrel-per-day facility, located in Lagos,