NDIC Partners Judiciary on Depositors Funds’ Recovery   The Nigerian Deposit Insurance Corporation (NDIC) has announced the strengthening of its partnership with the judiciary to expedite the prosecution of failed financial institutions. NDIC’s Managing Director, Bello Hassan, disclosed this on Monday at...

Unsold Finished Goods Now N1.24trn – MAN The value of unsold finished goods inventory has surged by 42.93 percentage points in the first half of 2024, reaching 1.24 trillion against 869.37 billion recorded at the close of 2023, the Manufacturers...

'We Invested Over $25bn in Oil, Cement, Sugar in Seven Years'   Africa’s richest man, Aliko Dangote, has disclosed that his business conglomerates have invested over $25 billion in sectors such as oil and gas, cement and sugar in the last...

Maritime Workers to FG: Tackle Forex Crisis to Boost Importation   As the country marks its 64th anniversary today (Tuesday), maritime operators have urged the Federal Government to tackle the issue of fluctuating exchange rates to boost importation. The operators who spoke...

Nigeria Loses 362.28m Barrels of Crude to Sabotage — NEITI   A new report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has indicated that Nigeria lost 362.28 million barrels of crude oil due to measurement errors, sabotage, and production adjustments...

Petrol Landing Cost Drops as Naira Appreciates   The landing cost of petrol has dropped from the N981/litre recorded on September 25, 2024, to N945.63/litre as of September 27. This is according to data released by the Major Energies Marketers Association of...