business
-
Ten Completed Refineries In Nigeria And Their Production Capacity
Commercial crude oil production started in Nigeria in 1956 but local crude oil refining did not start until 1965 when the first crude oil refinery was commissioned. The first set…
-
GTBank Drags 60 Bank Chiefs To Court
Guaranty Trust Bank has dragged no fewer than 60 top executives of 13 commercial banks to court as a pending suit between GTBank and Afex Commodity Exchange over N17bn Anchor…
-
DSTV Complains That Subscribers Have Dropped Massively In Nigeria
African Pay-TV operator, Multichoice Group, has blamed Nigeria’s economy as DStv active subscribers in the country declined by 18 per cent. The company stated this on Wednesday in its financial…
-
Heritage Bank’s Offices, Assets Put Up For Sale
Heritage Bank assets, buildings have been put up for sale by the Nigeria Deposit Insurance Corporation (NDIC) after its license was revoked by the Central Bank of Nigeria. It had…
-
Guniness Announces Plan To Leave Nigeria After 75 Years
Guinness has announced it will exit the Nigerian market and sell off its controlling shares to Singaporean conglomerate Tolaram Group on Tuesday, June 11. Guinness has joined a long list…
-
Local Refining May Crash Petrol Price To N300/Litre
The pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers,…
-
Dangote Opens Truck Assembling Plant In Lagos
President of the Senate, Hon. Godswill Akpabio joins other dignitaries for the commissioning of the CKD plant at Dangote Sinotruk West Africa Limited in Ikeja. With the capacity to assemble…
-
IMF: Nigeria Account Balance Surplus Hits ₦1.432 Billion
Nigeria’s current account balance has experienced a surplus of $1.432bn in 2024, according to a report by the International Monetary Fund (IMF). The report, ‘World Economic Outlook Database’ seen by…
Crowna'lamode news updates 