India has emerged as a key buyer of Nigerian crude oil in recent months, filling a gap left by the…
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AJE Group Unveils State-of-the-Art Production Line to Boost Output
AJE Group, a leading multinational beverage manufacturer, has commissioned a new production line aimed at increasing output and meeting growing…
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RMRDC Seeks Major Reduction in Nigeria’s Raw Material Imports
The Raw Materials Research and Development Council (RMRDC) has called for a 60% reduction in Nigeria’s raw material imports to…
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UAC Nigeria Sees 14% Profit Decline to N7.36bn in First Half of 2025
UAC of Nigeria Plc has reported a 14% year-on-year drop in profit after tax, sliding to N7.36 billion for the…
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Dangote Refinery Resumes Petrol Sales After Week-Long Halt, Adjusts Pump Price Upwards
The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) after suspending supply for one week, with…
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Shell Nigeria to Award Majority of Contracts to Local Firms — MD
Shell Nigeria has announced plans to allocate 90 percent of its contracts to indigenous companies, reinforcing its commitment to boosting…
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Toyota Slashes Profit Forecast Amid Rising U.S. Tariffs
TOKYO — Toyota Motor Corporation has cut its annual profit forecast, citing escalating tariffs imposed by the United States as…
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Foreign Outflows Hit ₦576bn as Confidence in Nigerian Equities Wanes
The Nigerian capital market suffered a major blow in the first half of 2025 as foreign portfolio investors dumped equities…
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SAHCO’s Profit Skyrockets by 131% in H1, Signals Strong Recovery in Aviation Services
Skyway Aviation Handling Company (SAHCO) Plc has recorded a remarkable 131% surge in its profit for the first half of…
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Local Refineries Sidestepped as Fuel Imports Skyrocket to 71% Report Reveals Industry Shift
Nigeria’s dependence on imported fuel has surged dramatically, with new data showing that imports now account for 71% of the…
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