August 9, 2025

Business

Business World

Dangote Refinery Makes History, Ships 1.7 Million Barrels of Jet Fuel to US Amidst Nigeria’s Petrol Crisis

In a groundbreaking achievement, Dangote Refinery has successfully shipped 1.7 million barrels of jet fuel to the United States, defying the odds amidst Nigeria’s ongoing petrol trade crisis. According to reports, six vessels carrying the jet fuel arrived at US ports this month, with another vessel, Hafnia Andromeda, set to arrive at the Everglades terminal

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Business

Federal Government Plans Large-Scale Cattle Ranch in Niger State –

The Federal Government has unveiled plans to establish a large-scale cattle ranch in Niger State in collaboration with JBJ Brazil, one of the world’s leading cattle ranching companies. Minister of Livestock Development, Idi Mukhtar, made this known during a visit to Governor Umaru Bago in Minna on Monday, accompanied by representatives from JBJ Brazil. The

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Business

NGX Transactions Drop to N509bn Amid Foreign Investor Exit.

The Nigerian Exchange Limited (NGX) witnessed a sharp decline in trading activity in February 2025, as total transactions fell by 16.07 percent to N509.47 billion, down from N607.05 billion recorded in January. The decline was largely driven by a 40.36 percent slump in foreign investor transactions, which dropped from N71.51 billion to N42.65 billion during

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Business

EFCC, ICPC Urged to Investigate Alleged ₦500 Million Bribe by Benue Government

The Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have been urged to investigate an alleged ₦500 million bribe by the Benue State Government to influence the National Judicial Council (NJC). The Centre for Judicial Integrity (CJI), which made the call, also condemned the ongoing strike

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Business

Osun State Governor Introduces New Standard Measuring Bowl for Market Traders –

Governor Ademola Adeleke of Osun State has unveiled a new standard measuring bowl, named ‘Osunwon Imole,’ for use in markets across the state. He called for the cooperation of traders to ensure the successful implementation of the initiative. Speaking at the unveiling event in Osogbo, Governor Adeleke stated that the introduction of the new measuring

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Business

Stock Market Struggles as Index Declines to 1536 Points

The stock market struggled over the past week, with the benchmark index shedding 1.25 percent week-on-week to close at 1536.89 points on Friday. According to data from the Nigerian Exchange Limited, the All-Share Index opened the week on a weak note at 1,528.03 points, down from 1,517.93 points in the previous session. The index further

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Business

Nigeria to Learn Agricultural Development Strategies from Egypt – Minister

The Federal Government has announced plans to adopt agricultural development strategies from Egypt, describing the country as a model in modern farming techniques and food production. The government also reaffirmed its commitment to improving food security and boosting rural development through advanced agricultural practices. The Minister of Agriculture, Adebayo Adelabu, disclosed this during a recent

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Business Politics

Fubara Denies Allegations of Business Fraud, Warns Against Misinformation

Suspended Rivers State Governor, Siminalayi Fubara, has dismissed allegations linking him to fraudulent business dealings, cautioning against attempts to tarnish his reputation through misinformation. Fubara addressed the claims in a statement released on Monday by his Chief Press Secretary, Nelson Chukwudi, in Port Harcourt, the state capital. The governor was responding to viral reports suggesting

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Business

FG Proposes Standard Operating Procedures for Gold Exploration in Zamfara State –

The Federal Government has unveiled plans to regulate gold exploration in Zamfara State by introducing a Standard Operating Code (SOP) aimed at ensuring a structured and transparent mining process. Regulating Gold ExplorationThe Minister of Solid Minerals Development, Dele Alake, disclosed this initiative during a press briefing marking the first anniversary of the Mining Marshals, a

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Business

Nigeria to Gain Insights on Power Generation from Egypt – Minister

The Federal Government of Nigeria has announced plans to learn from Egypt’s power generation and transmission strategies, recognizing the North African nation as a role model in the energy sector. Strengthening Bilateral Energy CooperationThe Minister of Power, Adebayo Adelabu, made this known during a meeting with Egyptian Ambassador to Nigeria, Mohammed Fouad, in Abuja. The

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