November 14, 2024
Home Archive by category Business

Business

Business Top Story

We Sold PMS in Dollars, Dangote Refutes N898/Litre Claims

By The Insight Team 58 0
By Emmanuel Kwada The Dangote Group has dismissed a statement attributed to the Nigerian National Petroleum Company Limited (NNPCL) spokesperson, Olufemi Soneye, claiming that the company sells Premium Motor Spirit (PMS) to NNPCL at N898 per litre. In a press statement released on September 15, 2024, Dangote Group’s Chief Branding and Communications Officer, Anthony Continue Reading
Business Top Story

NNPCL Makes History: Dangote Refinery Begins Fuel Supply, Nigeria Inches Closer to Petroleum Self-Sufficiency

By The Insight Team 66 0
By Emmanuel Kwada The Nigerian National Petroleum Company Limited (NNPCL) has commenced loading of Premium Motor Spirit (PMS) at the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, marking a significant milestone in Nigeria’s quest for self-sufficiency in petroleum production. According to a statement released by NNPCL on Saturday, over 100 trucks were mobilized to Continue Reading
Business Top Story

Dangote Refinery: A Timely Win for Industrialisation  

By The Insight Team 69 0
By Abiodun Alade Nigeria, rich in resources and with a burgeoning young population, remains paradoxically stagnant due to its over-reliance on imports. This dependency, rather than being a temporary measure, has entrenched itself as a systemic barrier to long-term prosperity. With a population exceeding 200 million and a predominantly young demographic, Nigeria has become Continue Reading
Business Top Story

Nigeria’s Largest Refinery Starts Production, Meets International Standards

By The Insight Team 59 0
Key points: Dangote appreciates the Government’s “Naira for crude” and “Naira for product” initiatives, which enabled the project. The Dangote Refinery produces high-quality gasoline that meets international standards, reducing engine problems. The Refinery meets Nigeria’s gasoline demand and supplies sub-Saharan Africa. The Dangote Continue Reading
Interviews Business Top Story

We’re In September; Will Local Fuel Be Available After 8 Missed Promises?

By The Insight Team 102 0
Key Points: Motorists frustrated with ongoing fuel shortages, criticizing government for not restarting national refineries to address issue. Nigeria’s refineries remain inactive despite investments, causing reliance on imported fuel. Government promises to revive the Port Harcourt Refinery have been consistently broken. The refinery’s dormancy has severe Continue Reading
Business Health News

Over 1,000 Cattle Lost to Haemoragic Septicemia in Taraba State, Government Launches Second Phase of Vaccination

By The Insight Team 67 0
Key Points: Over 1,000 cattle have been lost to Haemoragic septicemia in Taraba State. The Taraba State Government has launched the second phase of its cattle vaccination program and warned against selling fake vaccines. Herders have thanked Governor Agbu Kefas for his swift response in addressing the outbreak. The program’s success depends on the cooperation […]Continue Reading
News Business Features Politics

Floods, Drought Threaten Livelihood In North-East

By The Insight Team 79 0
Key points: Floods destroys farms and infrastructure, causing devastation. Devastating drought withers crops, threatening food security and livelihoods. Governor Bala Mohammed seeks urgent assistance from the Federal Government for affected farmers and communities. Residents of Mayo Belwa, Adamawa State, come together in interfaith prayers, seeking divine intervention to Continue Reading
Business News Top Story

NNPC Ltd Denies Allegations of Economic Sabotage

By The Insight Team 71 0
By Emmanuel Kwada The Nigerian National Petroleum Company (NNPC) Limited has denied allegations of economic sabotage, stating that it has not breached any laws guiding its dealings with partners. Group Chief Executive Officer, Mr. Mele Kyari, made this statement while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Continue Reading
Banking Business News Top Story

Youth empowerment: 10 key points public needs to know about FG approved N110bn

By The Insight Team 101 0
By Emmanuel Kwada The Federal Government through the Ministry of Youth Development has re-opened applications for the Nigeria Youth Investment Fund (NYIF) programme.  The Ministry of Youth Development announced this in a post on the ministry’s official X handle where it posted a link to the application. ” Call for application for Nigeria youth investment […]Continue Reading
Like Us
Follow Us
Subscribe Us
Follow Us