GenCos: Gas Price Hike Looms as NMDPRA Raises Domestic Supply Cost
.Electricity Generation Companies (GenCos) are set to face higher operating costs following a hike in domestic gas prices by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), a move expected to impact thermal...
Illicit Flows Cost Nigeria, Others $88bn Annually – Edun
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that illicit financial flows are currently denying Nigeria and African economies an average of $88 billion annually.
Edun made the disclosure in Abuja on...
FG, IsDB Partner to Drive $1tn Economic Target
The Federal Government and the Islamic Development Bank Group have stepped up efforts to attract investments aimed at driving the country’s ambitious plan to achieve a $1tn economy by 2030.
The high-level engagement, held on Monday in Lagos,...
NNPC Raises Dangote Refinery Crude Supply to Seven Cargoes – Report
The Nigerian National Petroleum Company Limited has increased crude oil supply to the Dangote Petroleum Refinery and Petrochemicals, allocating seven cargoes for May loading in a move aimed at boosting domestic fuel production.
Two trader...
Stock Market Rebounds as ASI Gains 0.40%
The Nigerian equities market snapped a recent bearish streak on Tuesday as the benchmark All-Share Index rose by 0.40 per cent to close at 201,287.78 points.
This upward momentum pushed the year-to-date return to 29.35 per cent, translating into...
BUA Foods Targets N28 Dividend as Profit Rises N520bn
BUA Foods Plc has signalled immense confidence in its operational strategy by proposing a record-breaking dividend payout following a stellar 2025 financial year.
The food manufacturing giant announced a proposed dividend of N28 per share, marking a...
