Fuel prices at filling stations across Lagos and Ogun States have started falling below the N900 per litre mark following a N40 reduction in ex-depot prices by Dangote Petroleum Refinery. …
Nigeria
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BusinessDangote IndustriesEconomyEnergyMarketsNigeriaOil & Gas
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EconomyEnergyGOVERNMENTInfrastructureInternational RelationsNigeriaTechnology
FG Unveils $150,000 Solar Testing Centre to Tackle Substandard Products
The Federal Government has commissioned Nigeria’s first Mini-grid Simulation and Standardisation Centre, a $150,000 facility aimed at regulating the quality of solar components and promoting local manufacturing of renewable energy …
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The Manufacturers Association of Nigeria (MAN) has endorsed the Ogun State Government’s approach to plastic waste management, describing its ‘Blue Box’ and ‘Plastics for Cash’ initiatives as forward-thinking and economically …
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DevelopmentEconomyEnergyEnvironmentGOVERNMENTNigeriaOil & GasPolicies
NUPRC Generates N28.11bn from Oil Licence Fees in Five Months
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of N28.11 billion in miscellaneous oil revenue between January and May 2025. This amount, which was fully remitted to …
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BusinessEconomyEnvironmentFinance & ServicesLeadershipNewsNigeria
Unilever Nigeria Appoints Ibrahim Sodipe as Executive Director
Unilever Nigeria Plc has appointed Ibrahim Sodipe as its new Executive Director, effective July 1, 2025. The company announced this appointment in a statement released to the Nigerian Exchange Limited, …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …
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BusinessEnvironmentInnovationManufacturingManufacturing & Consumer GoodsNigeria
Henkel Nigeria Expands Homecare Portfolio with Launch of WAW Liquid Detergent and All-Purpose Cleaner
Henkel Nigeria has unveiled two new cleaning products—WAW Complete 5 in 1 Liquid Detergent and WAW Active 5 All-Purpose Cleaner—further deepening its presence in the Nigerian homecare market. The launch …
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AgricultureBusinessDevelopmentFood ProductionGOVERNMENTInfrastructureNigeriaSecurityTechnology
Agritech Expert Urges FG to Invest in Cold Storage to Cut $9bn Post-Harvest Losses
A Nigerian agritech expert, Ayomide Olugbade, has called on the Federal Government to invest heavily in cold-chain infrastructure to reduce the huge post-harvest losses that continue to affect the agricultural …
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EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Royal Exchange Posts N496.8m Profit Amid Lower Earnings
Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …