Nigeria Imported $2.25bn Fuel from Malta – Report A few days after the founder of the Dangote Petroleum Refinery, Alhaji Aliko Dangote, alleged that some officials of the Nigerian National Petroleum Company Limited have blending plants in Malta, indications have emerged that Nigeria imported fuel...

FG’s Revenue Surpassed Budgetary Target – Finance Minister The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for the first half of 2024 has surpassed its budgetary targets. Edun, who announced this at a press briefing...

CAP Post-Tax Profit Decline by 42% Chemical and Allied Products Plc has reported a 42 per cent decline in profit after tax for the second quarter of 2024. The company’s post-tax profit fell from N895m in Q2 2023 to N517m in Q2 2024, driven by escalating...

Vehicle Importation falls 60.8% in H1 2024 – NPCC The number of vehicles imported into the country fell sharply by 60.4 per cent, year-on-year, YoY, to 10,991 in the first half of this year, H1’24, reflecting the impact of the naira depreciation and general economic...

Minister Explains Delay in Direct Payment of FAAC to LGAs The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says there are “practical impediments” to the implementation of direct payment of allocation to local government areas (LGAs) from the federation account. Edun spoke on...

Thinklab Group Joins Forces with Africa International Housing Show for Milestone 18th Edition Thinklab Group, a prominent conglomerate specializing in innovation, development, finance solutions, and infrastructure, has announced its partnership with the Africa International Housing Show (AIHS) for its 18th edition. The event, scheduled from Monday,...