Business

The Nigerian Exchange Ltd. (NGX) has lifted the suspension placed on trading in the shares of Guinea Insurance Plc, effective Aug.12. In its weekly report made available to newsmen in Lagos, NGX confirmed that the suspension was lifted because the insurer had filed its audited financial statements for the year …

The Economist Intelligence Unit has issued a warning that further delays in crude oil feedstock to the Dangote Petroleum Refinery and Petrochemicals could jeopardise Nigeria’s economic recovery and put additional pressure on the naira. The research and analysis division of the Economist Group said the Dangote refinery which began production …

The judge refused the ex parte motion, describing it as a clear breach of Section 36 of the 1999 Constitution, which guarantees the right to a fair hearing.  NewsOnline Nigeria reports that the Federal High Court in Abuja has denied a motion by the Inspector General of Police (IGP) seeking …

The Economic and Financial Crimes Commission, EFCC, has detained the Executive Chairman of the National Hajj Commission of Nigeria, NAHCON, Jalal Arabi, and the commission’s secretary, Abdullahi Kontagora, over mismanagement of the N90bn 2024 Hajj subsidy. In a document sighted by The PUNCH, on Wednesday, the anti-graft agency said, “A total of SR314,098 was …

Dangote Cement Plc has launched a novel Internship Scheme for students of tertiary institutions in the country that will see the students undergoing a one-year internship fully funded by the leading cement company. The scheme, according to the Dangote Cement Lagos Regional Sales Director, Mr. Tunde Mabogunje during the induction …

The Nigeria Customs Service (NCS) on Tuesday handed over the Vice-Chairmanship seat of the World Customs Organisation (WCO), West Africa and Central Region, to Mali at a ceremony held at Abuja, At the ceremony, the Comptroller-General of Nigeria Customs Service, Adewale Adeniyi, handed over to his Malian counterpart, Amadou Konate. …

Nestlé Nigeria’s iconic breakfast cereal, Golden Morn, proudly announces the launch of its new sustainable packaging, underscoring the brand’s dedication to providing nutritious food while championing environmental responsibility. This significant update reflects Golden Morn’s over three-decade legacy of nourishing Nigerian families and its forward-thinking approach to sustainability. Aligned with Nestlé’s …

Nigeria’s crude oil production rose to 1.307 million barrels of crude oil daily in July 2024. This figure is according to the latest monthly oil market report from the Organisation of Petroleum Exporting Countries. This marks a rise of 30,000 bpd from June’s production level of 1.276 million bpd. The …

A federal high court sitting in Lagos has dismissed the applications filed by three foreigners to quash a bench warrant issued for their arrest and extradition over a $42.48 million fraud allegations. The foreigners are two Indian nationals, Prem Garg and Devashish Garg and a Briton, Marcus Wade, chairman of …

The Program Director and Chief Executive, Presidential CNG Initiative (Pi-CNG), Michael Oluwagbemi has said that centres to convert vehicles to run on Compressed Natura Gas (CNG) will be extended to 20 states by October. Oluwagbemi disclosed this during an interview monitored by THE WHISTLER. Oluwagbemi said, “Conversion has started. Under …