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Equity market sustains recovery with N577bn gain

Market capitalisation closed at N55.709tn. Unilever Nigeria, Vitafoam Nigeria, and MTN Nigeria Communications led the gainers, each rising by 10 per…

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business

Shippers Council blames port congestion on poor rail system

The meeting was themed, ‘Limitations to rail transportation of cargo in Nigeria,” Akutah added that the lack of functional rail has also led to dela…

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business

Nigeria doesn’t need fuel importers anymore, refiners warn

Earlier, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, had accused the Dangote refinery …

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business

MAN asks CBN to settle $2.4bn forex contracts

Ajayi-Kadir explained that the CBN issued foreign exchange forward contracts promising to deliver foreign currency at a specified future date in exch…

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