Business

He is soft-spoken yet highly prolific. He cannot be caught indulging in banality. He does not engage in any form or shade of falsehood. This disposition is rooted in his background: with a father who was the first university graduate in his village of Ewatto in Edo State and a mother who was a headmistress, his upbringing was predictably spartan. …

By: Emmanuel Wise Jipoh After nearly ten years of litigation, the Supreme Court of Liberia has ruled in favor of Modern Development & Management Corporation (MDMC) Express Incorporated, granting the company ownership of over 16.47 acres of Land situated in Johnsonville Township, Mount Barclay, Montserrado County.  Copy of the High Court’s ruling signed Her Honor, Chief Justice Sie-A- Nyene G. …

Investors in the Nigerian equity market lost N193 billion at the close of trading on Wednesday. This follows a decline in the prices of shares such as Oando, RT Briscoe and NSL Tech among others on the trading floor. After five hours of trading in the capital market, equity capitalization dropped to N55.4 trillion from N55.6 trillion recorded by the …

The United States’ investment forecast on Liberia says the West African nation holds huge potential for natural resource investments.  Monrovia, Liberia, September 4, 2024 – A 2024 investment forecast by the United States for Liberia says the country offers opportunities for investment, especially in natural resources such as mining, agriculture, fishing, and forestry, but also in more specialized sectors such …

The Manufacturers Association of Nigeria (MAN) has warned that the recent increase in the price of premium Spirit PMS petrol could lead to a fresh spike in inflation figures in the country. This in turn may affect the new purchasing power of many households further deepening poverty. The association further warned that Small and Medium Enterprises (SMEs), which often operate …

Billionaire businessman Femi Otedola on Tuesday warned oil gangs in the country to dismantle their depots and sell them for scrap before it is too late. He made the suggestion in a post on his X platform shortly after the launch of Premium Motor Spirit (PMS) which is known as petrol from the Dangote Refinery. Otedola described the launch of …

Nigeria’s equity market maintained its bullish sentiment on Tuesday as investors made N46 billion at the close of trading for the day. This follows the rise in share prices of stocks such as IMG, CIL EASING and GUINEAINS among others on the trading floor. After five hours of trading in the capital market, equity capitalization jumped to N55.67 trillion from …

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Tuesday that the Dangote Refinery will supply 25 million litres of petrol to the Nigerian market daily starting this month. The oil industry regulator revealed this in a post on its X platform, adding that refineries will increase supply to 30 million liters daily in October. The article reads: …

Cryptocurrency exchange platform Binance Holdings Limited on Tuesday filed a fresh appeal to the Federal Government to release its detained executive, Tigran Gambaryan. The platform also expressed its readiness to “resolve any alleged past issues” with the Nigerian government as it has done with the governments of Brazil and India where the platform has recently been involved in legal disputes. …

Businessman Aliko Dangote announced on Tuesday that the Federal Executive Council (FEC) is working on setting a new pricing structure for petrol produced at the Dangote Refinery. The refinery, which has a production capacity of 650,000 barrels per day, officially launched its refined gasoline on Tuesday, with Dangote indicating that the product would be available at filling stations within the …