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The Nigerian Ports Authority (NPA) has suspended the electronic call-up system (ETO) into the APM Terminal (APMT) following the disruption of cargo evacuation and operation y the Maritime Workers Union of Nigeria (MWUN). MWUN are…

The Central Bank of Nigeria (CBN) plans adding sugar and wheat on the list of commodities banned from accessing foreign exchange (FX). With the inclusion of wheat and sugar, the number of produce banned from accessing FX will be 43.  The…

Two of Nigeria’s leading industrialists , Alhaji Aliko Dangote  of Dangote Group and Alhaji Abdulsamad Isyaka Rabi’u of BUA Group met to put to an end a decade feud over sugar production, and also agreed to work together to supply enough…

BUA Group and a French company, Axen have signed a progress acknowledgement statement for the construction of 200,000 barrels per day refinery sited in Akwa Ibom. This is coming even as the French President, Emmanuel Macron, through the…

Nigeria’s annual inflation stood at a four-year high in March, rising 82 basis points from a month earlier to 18.17 percent, the statistics office said on Thursday. High increase in food prices has put pressure on households in the…

More than four months after suspending issuance and registration of Subscriber Identification Module (SIM) cards, the Federal Government (FG) has lifted the order, effective from Monday, April 19, 2021. This follows the approval  by…

Members of the Maritime Workers Union of Nigeria (MWUN) have embarked on a protest against alleged anti-labour practices and the protest has disrupted activities at the premises of APM Terminals and has stopped cargo evacuation out of the…

BUA Group has said it was working towards unveiling its 10,000 tons cane per day (tcb) sugar refinery in the first quarter of the year. The refinery will be a four-in-one entity that has incorporated a sugar mill, an ethanol production…

The Federal Government says it is targeting about $500 million in signature bonuses from the successful companies in the bid rounds for the marginal oilfields which began on June 1, 2020. The marginal field is any field that has reserves…

Specta and PaywithSpecta , an online instant lending platform, introduced by  Sterling Bank,  has disclosed that it disbursed over N100 billion in digital loans and about N5 billion digital credits, respectively in the last three years.…