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2024: NASCON suspends merger plans with Dangote Sugar/Rice
Nascon Allied Industries Plc (NASCON) says it has suspended its proposed merger with Dangote Sugar Refinery Plc and Dangote Rice Ltd.
Mr A. A. Samuel, Company Secretary, NASCON, disclosed this in a notification sent to the Nigerian!-->!-->!-->…
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‘Set up task force to address recurring national grid collapse’ — Peter Obi advises FG
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has called on the federal government to constitute a technical task force of professionals to address the reoccurring national grid collapse.
Obi spoke in!-->!-->!-->…
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Fuel Subsidy: FG replies El-Rufai, says ‘ex-governor wrong’
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has responded to various claims on the alleged return of subsidy on Premium Motor Spirit, popularly called petrol.
The minister said those making the claims!-->!-->!-->…
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BDCs now buying dollar less than N1,000 — ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were presently buying dollars at N980/$ at the open market and selling at N1,020/$.
ABCON President, Aminu Gwadabe, announced!-->!-->!-->…
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KEDCO invests N1.2bn in network expansion
Kano Electricity Distribution Company (KEDCO) said it has concluded plans to invest ₦1.2billion Naira in network expansion and improvement in power supply to the famous Dawanau International Grains Market, in Kano.
Network expansion and!-->!-->!-->…
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JUST IN: FG commences disbursement of N200bn palliative loans
The Ministry of Industry, Trade and Investment says it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process.
The government, through the Bank of Industry, had!-->!-->!-->…
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JUST IN: Nigeria’s inflation rate hits 33.20%
Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to the February 2024 headline inflation rate which was 31.70%.
The National Bureau of Statistics (NBS)'s Consumer Price Index (CPI) report released on Monday revealed this!-->!-->!-->…
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Fleeing Binance executive found in Kenya
Binance executive, Nadeem Anjarwalla, who escaped custody in Nigeria, has reportedly been found in Kenya, the Punch reports.
A presidency source who confirmed the development to select journalists on Friday was quoted as saying the!-->!-->!-->…
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Arewa forum supports Air Peace on traditional water salutation at London airport
The Arewa Youth Consultative Forum (AYCF) says it will support Air Peace’s intention to engage in the traditional water salutation at Gatwick Airport.
The President General of AYCF, Mr Yerima Shettima, said this in a statement made!-->!-->!-->…
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Naira best-performing in April, to exchange below N1,000 per dollar –Report
Goldman Sachs has described Naira as the best-performing currency this month (April), saying the currency will exchange below N1,000 per Dollar.
The firm disclosed this in its latest report on Nigeria’s economic realities.
According!-->!-->!-->!-->!-->…
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