Business – Ogunwatch

BREAKING: NNPC to sell Dangote petrol at N1,019 per liter in Borno, N950 in Lagos

In a statement released on Monday, NNPC spokesperson Olufemi Soneye revealed the pricing structure for September 2024, stating that the cost of petrol could reach up to N1,019 per litre in Borno

September 16, 2024

Business

Breaking: Petrol production begins at Dangote refinery

This achievement is anticipated to ease the ongoing petrol shortage affecting the nation, providing much-needed relief to millions of Nigerians.

September 3, 2024

Business

Forex: BDCs target automation to combat street trading and more

Amid the drastic depreciation of Nigeria's local currency to N1,900, ABCON President Aminu Gwadabe stated that an automation platform is ready for launch pending approval from the Central Bank of Nigeria within

February 22, 2024

Business

Naira weakens as banks’ dollar sales plummet by $252m

At the parallel market, the Naira's depreciation continued, reaching N1,670/$ on Friday, compared to the N1,600/$ recorded on Thursday, driven by steady demand for the greenback.

February 19, 2024

Business

DisCos implement rationing amid 15,938MW power deficit in Nigeria

This shortage has led to ongoing power rationing by Distribution Companies (DisCos) nationwide. Only 16 out of 40 GenCos were contributing to the grid, with Egbin Power completely offline. The leading generators

February 19, 2024

Business

CBN appoints new executives after dissolving boards of Union, keystone, Polaris banks

In a statement released on Thursday morning and signed by the acting Director of Corporate Communications, Sidi Hakama, the CBN announced the following key appointments:

January 11, 2024

Business

Our portal is now functioning, register your business, says OGSG

The Ogun State government has urged entrepreneurs to swiftly register their companies on the Business Premises Permit (BPP) portal, assuring that the challenges affecting the portal’s functionality have been completely fixed. Commissioner

January 5, 2024

Business

It is affecting Naira, Reno Omokri asks Tinubu to ban sports bet

The influencer, known for his outspoken views, took to his X profile on Wednesday to express his concerns and proposed solutions.

January 3, 2024

Business

Passengers considering legal action due to flight delay

The tweets described the ordeal: "The 8 a.m. flight finally took off at 2 p.m. after replacing the faulty power pack. Upon landing in Abuja at 1 p.m., passengers were unable to

December 16, 2023

Business

World bank slams NNPCL’s transparency on subsidies and dollar revenues

In response, the Minister of Finance and Coordinating Minister of Economy, Wale Edun, expressed the government's readiness to scrutinize the revenue flow from the NNPCL. The World Bank pointed out that nominal

December 14, 2023

Business