Dangote Sugar Annual loss Widens to N193bn Dangote Sugar Refinery Plc has reported a loss after tax of N192.6bn for the financial year ended December 31, 2024, representing a 161 per cent increase from the N73.76bn loss recorded in the corresponding period of 2023. The company’s...

Illegal Charter Services in Nigeria Gulps N120bn in 10 Years - Report  The Chairman of the Ministerial Task Force set up by the Ministry of Aviation and Aerospace Development, Captain Ado Sanusi, revealed that the Federal Government has lost over N120bn in revenue in the...

USAID Funding Freeze Sparks Massive Layoffs in Nigeria In a devastating blow to Nigeria's economy, thousands of workers have been laid off following the suspension of funding by the United States Agency for International Development (USAID). The freeze, which has affected numerous development projects across...

Nigeria, Indonesia Partner to Inject over $1 billion into Agricultural Sector Nigeria has entered into an agreement with Indonesian investors with a commitment to inject over $1 billion focusing on renewable energy systems for farming, and food processing. Minister of Agriculture and Food Security, Senator Abubakar...

Dangote Petroleum Refinery & Petrochemicals has said it would absorb N16bn loss by refunding N65/litre to marketers so Nigerians will benefit from cheaper fuel.

This came as the Dangote Petroleum Refinery in Lekki, Lagos, has successfully purchased its first shipment of one million barrels of Algeria’s high-quality light sweet Saharan Blend crude