Business

The rhythm of Nigeria's business world
The Nigerian Federal Government has terminated the ₦740 billion contract with Julius Berger for the Abuja-Kaduna dual carriageway due to non-performance. Minister of Works David Umahi cited prolonged delays and unmet obligations as key reasons. The decision follows months of failed negotiations...
Nigeria’s economic struggles have slashed foreign travel by 60% at Lagos and Abuja airports. Currency devaluation and soaring airfare costs deter casual trips, impacting the tourism and aviation sectors. Experts recommend boosting domestic tourism as Nigerians seek affordable alternatives amid...
Dangote Refinery has set petrol prices at N960 per litre for ships and N990 per litre for trucks, emphasizing the quality of its products. The company warns that cheaper alternatives may be substandard, urging support for Nigeria's local refining sector. Dangote Refinery has announced its...
Dangote Refinery has dismissed claims of selling petrol at N1,015 to N1,028 per litre as "fake news." The refinery's response follows accusations from oil marketers, who suggested importing petrol instead, citing lower landing costs. On Saturday, Dangote Refinery strongly refuted claims that it...
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Jubilee-Life Mortgage Bank Nigeria is a prominent Nigerian mortgage sector institution that facilitates homeownership and provides tailored financial solutions. With a commitment to excellence and customer-centric services, Jubilee-Life Mortgage Bank has become a trusted partner for many...
The naira depreciated to N1,735 per dollar in the parallel market, while appreciating to N1,666.72 in the official NAFEM market. With trading volumes down and the exchange rate margin widening to N68.28, economic concerns over currency stability intensify as Nigeria faces foreign exchange...
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Jubilee-Life Mortgage Bank, a leading institution in Nigeria’s housing and mortgage sector, has been operational for over 30 years. Its mission is to transform Nigeria’s homeownership landscape. Known for its customer-centred approach, the bank provides tailored mortgage and investment solutions...
Festus Keyamo, Nigeria's Minister of Aviation, clarified that the House of Representatives did not request the revocation of Living Faith Church’s airstrip license. He explained that any motion regarding private airstrips was referred to the Aviation Committee for review, emphasizing the...
The Nigerian Federal Government has issued a nine-month ultimatum for individuals holding US dollars outside the banking system to deposit their cash without penalties. Finance Minister Wale Edun announced that this initiative, effective from October 31, aims to promote financial inclusion and...
The Dangote Petroleum Refinery clarified it hasn't received payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for petrol sales. The refinery stated that no approval from the Nigerian National Petroleum Corporation (NNPC) exists for such transactions, emphasizing...
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