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Nigeria Business News

MTN Asks Court to Quash $3.9bn Fine

South African telecoms giant, MTN, has filed a suit at the Federal High Court in Lagos to challenge the $3.9…

Naira depreciates to N270/Dollar, N365/Pounds

The Naira Wednesday depreciated further to N270 per dollar at the parallel market, following reduction of dollar sales to bureaux…

Dangote Buys 65% Of Tiger Brands Nigeria For $1

The bid by Dangote Industries Limited (DIL) to buy Tiger Brands Nigeria, has been sealed as Tiger Brands, yesterday, announced…

FG to increase fuel price from N87 to N97 next year

The Federal government Monday alerted Nigerians to prepare ahead for what it termed, more austere conditions in view of the…

Average pump price of petrol, N115 per litre

Average pump price of premium motor spirit, otherwise known as petrol, across the country in the month of November was…

Court Orders Nwankwo Kanu accounts Frozen over unpaid N924m Loan

In a bid to recover a debt of N924,788,754.56, a Federal high court sitting in Lagos, western Nigeria, has ordered…

NNPC: We Lost N50bn To Oil Thieves In 9 Months

The Nigerian National Petroleum Corporation (NNPC) has announced that a total of 531 million litres of petrol valued at over…

NNPC apologises to Nigerians over fuel scarcity

The Nigerian National Petroleum Corporation, NNPC, yesterday, apologised to Nigerians for the hardship experienced in purchasing petrol, while it also…

Dismantle regime of subsidy incentive –Soludo tells FG

Former Governor of the Central Bank of Nigerian, (CBN) Prof Chukwuma Soludo yesterday urged the President Mohammadu Buhari- led administration…

MTN Shares rebound as New CEO takes Charge

MTN shares rebounded at the close of trading yesterday afternoon at the Johannesburg Stock Exchange (JSE), South Africa after falling…

MTN CEO resigns over N1.04 trillion Nigeria fine

Sifiso Dabengwa, the Group Chief Executive Officer of telecom company, MTN, has resigned following the massive N1.04 trillion ($5.2 billion)…

DPR gives fuel marketers 3 days to revert to N87 pump price

The Department of Petroleum Resources (DPR), Eket Office, on Monday gave petrol marketers in Akwa Ibom, three days to revert…
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