Dangote Refinery Receives Another One Million Crude Barrels   The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited. A statement from tne $20bn firm...

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in the third quarter (Q3) of 2023. Foreign investors brought in their investments only into Lagos, FCT,...

NNPC Oil Revenue Remittance Raises Fresh Questions   The Nigerian National Petroleum Corporation Limited’s alleged failure to remit enough oil revenues to the federation’s coffers has sparked concerns about the organisation’s transparency. Experts suggest auditing the corporation’s books to enhance transparency...

NGX: Foreign Firms Raise Stake To N71.4bn   The total foreign transactions on the Nigerian Exchange Limited (NGX) jumped by 113.94 per cent to N71.37bn (about $75.76m) in November compared to N33.36bn a month earlier. This was revealed in the latest Domestic...

JUST IN: Tinubu Signs N28.7trn 2024 Budget Into Law   President Bola Tinubu on Monday afternoon signed into law the 2024 Appropriation Bill at the State House, Abuja. Tinubu signed the N28.7tn budget document earlier approved by the National Assembly hours after...

Banks to Collect Stamp Duty on Foreign Transactions   Banks are set to charge customers stamp duty on old foreign transactions between January 2021 to December 2023 by January 31, 2024. This is according to a directive from the Federal Inland Revenue...