Business Archives - TheCitizen - It's all about you https://thecitizenng.com/category/business/ Nigeria's leading online newspaper Mon, 20 Jul 2026 23:56:02 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://thecitizenng.com/wp-content/uploads/2017/04/cropped-TheCitizen-330x50-1-32x32.png Business Archives - TheCitizen - It's all about you https://thecitizenng.com/category/business/ 32 32 Asharami Energy hits 6 million LTI-free man-hours, advancing Goal Zero Safety Culture https://thecitizenng.com/asharami-energy-hits-6-million-lti-free-man-hours-advancing-goal-zero-safety-culture/ https://thecitizenng.com/asharami-energy-hits-6-million-lti-free-man-hours-advancing-goal-zero-safety-culture/#respond Mon, 20 Jul 2026 23:56:02 +0000 https://thecitizenng.com/?p=285346 Asharami Energy Limited (AEL), Sahara’s upstream Exploration and Production business, through its subsidiary, Enageed Resources Limited (ERL), has achieved 6 million Lost Time Injury (LTI)-free man-hours in its OML-148 operations, reinforcing its commitment to operational excellence and safety leadership as Sahara Upstream targets 350,000 barrels of oil per day by 2030. LTI is a key […]

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]]> https://thecitizenng.com/asharami-energy-hits-6-million-lti-free-man-hours-advancing-goal-zero-safety-culture/feed/ 0 Sahara Group Foundation expands recycling, unlocks opportunities in Jigawa, Kaduna https://thecitizenng.com/sahara-group-foundation-expands-recycling-unlocks-opportunities-in-jigawa-kaduna/ https://thecitizenng.com/sahara-group-foundation-expands-recycling-unlocks-opportunities-in-jigawa-kaduna/#respond Mon, 20 Jul 2026 23:50:04 +0000 https://thecitizenng.com/?p=285341 Sahara Group Foundation has commissioned two new Sahara Go Recycling Hubs in Jigawa and Kaduna States, extending structured waste management and economic opportunity to communities in Northern Nigeria. The hubs, at Gidan Hakimi, Shuwarin Local Government Area, Jigawa State, and Asharami Retail Station, Badiko, Kaduna South Local Government Area, Kaduna State, are the Foundation’s 21st […]

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]]> https://thecitizenng.com/sahara-group-foundation-expands-recycling-unlocks-opportunities-in-jigawa-kaduna/feed/ 0 Poverty threatens 79% of Nigerians despite reforms – World Bank https://thecitizenng.com/poverty-threatens-79-of-nigerians-despite-reforms-world-bank/ https://thecitizenng.com/poverty-threatens-79-of-nigerians-despite-reforms-world-bank/#respond Thu, 16 Jul 2026 06:19:34 +0000 https://thecitizenng.com/?p=285237 Despite nearly three years of sweeping economic reforms by the Federal Government, about 79 per cent of Nigerians remain poor or vulnerable to falling into poverty, highlighting the country’s deepening social and economic challenges, new World Bank documents have shown. The findings are contained in the World Bank’s newly approved Country Partnership Framework for Nigeria, covering […]

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]]> https://thecitizenng.com/poverty-threatens-79-of-nigerians-despite-reforms-world-bank/feed/ 0 Dangote Refinery resumes petrol sales in dollars https://thecitizenng.com/dangote-refinery-resumes-petrol-sales-in-dollars/ https://thecitizenng.com/dangote-refinery-resumes-petrol-sales-in-dollars/#respond Tue, 14 Jul 2026 00:59:51 +0000 https://thecitizenng.com/?p=285185 Dangote Petroleum Refinery has switched payment for the sale of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Aviation Turbine Kerosene (ATK) to U.S. dollar. The new policy, which took effect immediately, applies to both gantry and coastal product sales. Industry sources familiar with the refinery’s operations said the decision was driven by increasing […]

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]]> https://thecitizenng.com/dangote-refinery-resumes-petrol-sales-in-dollars/feed/ 0 Crude oil tops $80 as US revives Iran blockade https://thecitizenng.com/crude-oil-tops-80-as-us-revives-iran-blockade/ https://thecitizenng.com/crude-oil-tops-80-as-us-revives-iran-blockade/#respond Mon, 13 Jul 2026 23:38:06 +0000 https://thecitizenng.com/?p=285159 Cruse oil prices climbed above $80 per barrel on Monday after renewed military confrontation between the United States and Iran heightened concerns over shipping through the Strait of Hormuz, one of the world’s most critical oil transit routes. The latest escalation came as United States President Donald Trump announced plans to impose a 20 per […]

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]]> https://thecitizenng.com/crude-oil-tops-80-as-us-revives-iran-blockade/feed/ 0 Shell gets recognition for landmark achievements at NOG Energy Awards https://thecitizenng.com/shell-gets-recognition-for-landmark-achievements-at-nog-energy-awards/ https://thecitizenng.com/shell-gets-recognition-for-landmark-achievements-at-nog-energy-awards/#respond Thu, 09 Jul 2026 14:34:50 +0000 https://thecitizenng.com/?p=285087 Shell has won awards at the 25th edition of the Nigeria Oil and Gas (NOG) Energy Week Conference and Exhibition in Abuja in recognition of pioneering contributions to the energy industry in the country. It won the Equality in Energy award while a Shell company, Daystar Power was honoured with the Sustainability in Energy award. […]

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]]> https://thecitizenng.com/shell-gets-recognition-for-landmark-achievements-at-nog-energy-awards/feed/ 0 CBN warns against rejection of standard N100 notes https://thecitizenng.com/cbn-warns-against-rejection-of-standard-n100-notes/ https://thecitizenng.com/cbn-warns-against-rejection-of-standard-n100-notes/#respond Wed, 08 Jul 2026 14:01:17 +0000 https://thecitizenng.com/?p=285012 The Central Bank of Nigeria (CBN) has warned members of the public, businesses and financial institutions against rejecting the standard N100 banknote, stressing that it remains legal tender and that violators risk enforcement measures under the CBN Act. The clarification followed reports that some individuals and businesses had refused to accept the standard N100 note […]

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]]> https://thecitizenng.com/cbn-warns-against-rejection-of-standard-n100-notes/feed/ 0 FG probes Meta, X, others over alleged unfair practices https://thecitizenng.com/fg-probes-meta-x-others-over-alleged-unfair-practices/ https://thecitizenng.com/fg-probes-meta-x-others-over-alleged-unfair-practices/#respond Mon, 06 Jul 2026 21:11:40 +0000 https://thecitizenng.com/?p=284973 The Federal Competition and Consumer Protection Commission (FCCPC) has launched an investigation into Meta, X and other global technology companies over allegations of unfair business practices affecting Nigeria’s media industry. The probe follows a directive by President Bola Tinubu after the Nigerian Press Organisation (NPO) petitioned the Presidency over the activities of major digital platforms and […]

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]]> https://thecitizenng.com/fg-probes-meta-x-others-over-alleged-unfair-practices/feed/ 0 PufferPay CEO, Emmanuel Ovaga, to keynote Business Journal Fintech & Financial Inclusion Roundtable 2026 https://thecitizenng.com/pufferpay-ceo-emmanuel-ovaga-to-keynote-business-journal-fintech-financial-inclusion-roundtable-2026/ https://thecitizenng.com/pufferpay-ceo-emmanuel-ovaga-to-keynote-business-journal-fintech-financial-inclusion-roundtable-2026/#respond Mon, 06 Jul 2026 10:49:07 +0000 https://thecitizenng.com/?p=284954 Mr. Emmanuel Ovaga, the Chief Executive Officer (CEO) of PufferPay Limited will deliver the keynote paper at the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 scheduled for Friday, July 31, 2026 at Oriental Hotel, Lekki Road, Victoria Island, Lagos. The theme of the Roundtable is: Fintech: Driving the Future of Digital Financial Ecosystem in Nigeria. […]

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]]> https://thecitizenng.com/pufferpay-ceo-emmanuel-ovaga-to-keynote-business-journal-fintech-financial-inclusion-roundtable-2026/feed/ 0 WorldStage Business Forum Q2 2026: Prof Baale makes case for building world-class Nigerian corporate culture https://thecitizenng.com/worldstage-business-forum-q2-2026-prof-baale-makes-case-for-building-world-class-nigerian-corporate-culture/ https://thecitizenng.com/worldstage-business-forum-q2-2026-prof-baale-makes-case-for-building-world-class-nigerian-corporate-culture/#respond Mon, 06 Jul 2026 10:37:52 +0000 https://thecitizenng.com/?p=284951 Prof. Lere Baale, CEO, Business School Netherlands International has made a case for Nigerian organisations to intentionally build cultures around five pillars of responsiveness, respect, reliability, responsibility and relationships if they really want to compete globally. A distinguished global pracademic, scholar-practitioner and transformational leader with over 40 years of cross-sector experience spanning healthcare, telecommunications, education, corporate strategy and public policy, Prof. Baale in his presentation […]

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]]> https://thecitizenng.com/worldstage-business-forum-q2-2026-prof-baale-makes-case-for-building-world-class-nigerian-corporate-culture/feed/ 0 Dangote beats US, ships N757bn jet fuel to Europe https://thecitizenng.com/dangote-beats-us-ships-n757bn-jet-fuel-to-europe/ https://thecitizenng.com/dangote-beats-us-ships-n757bn-jet-fuel-to-europe/#respond Mon, 06 Jul 2026 05:28:54 +0000 https://thecitizenng.com/?p=284875 Dangote Petroleum Refinery exported about 466,000 metric tonnes of jet fuel to Europe in June, valued at an estimated N757bn, overtaking shipments from the United States and others. This is as Nigerian jet fuel exports to the continent reached their highest level since the country became a net exporter of aviation fuel in 2024. According […]

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]]> https://thecitizenng.com/dangote-beats-us-ships-n757bn-jet-fuel-to-europe/feed/ 0 Dangote, importers battle as petrol holds above N1,000 https://thecitizenng.com/dangote-importers-battle-as-petrol-holds-above-n1000/ https://thecitizenng.com/dangote-importers-battle-as-petrol-holds-above-n1000/#respond Fri, 03 Jul 2026 10:14:32 +0000 https://thecitizenng.com/?p=284863 Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the Dangote Petroleum Refinery, The PUNCH reports. As crude prices crashed to about $70 per barrel following the gradual return of oil supply through the Strait of Hormuz, many Nigerians expected fuel prices to […]

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]]> https://thecitizenng.com/dangote-importers-battle-as-petrol-holds-above-n1000/feed/ 0 FG unveils lithium plant in Nasarawa https://thecitizenng.com/fg-unveils-lithium-plant-in-nasarawa/ https://thecitizenng.com/fg-unveils-lithium-plant-in-nasarawa/#respond Thu, 02 Jul 2026 20:10:56 +0000 https://thecitizenng.com/?p=284840 The Federal Government has inaugurated what it described as West Africa’s largest lithium processing plant in Nasarawa State, with a daily processing capacity of 6,000 metric tonnes and an annual processing capacity of three million metric tonnes. The government inaugurated the plant in Endo community, Nasarawa Local Government Area, on Thursday. It was gathered that […]

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]]> https://thecitizenng.com/fg-unveils-lithium-plant-in-nasarawa/feed/ 0 Nigeria takes $1.5bn UAE loan despite IMF concerns https://thecitizenng.com/nigeria-takes-1-5bn-uae-loan-despite-imf-concerns/ https://thecitizenng.com/nigeria-takes-1-5bn-uae-loan-despite-imf-concerns/#respond Sat, 27 Jun 2026 06:03:04 +0000 https://thecitizenng.com/?p=284720 The Federal Government has drawn down $1.5bn from a $5bn financing facility arranged with the United Arab Emirates’ largest lender, First Abu Dhabi Bank, despite growing concerns from global financial institutions over the increasing use of complex derivative financing by African sovereigns. Bloomberg reported on Friday that the latest drawdown represents the first tranche of […]

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]]> https://thecitizenng.com/nigeria-takes-1-5bn-uae-loan-despite-imf-concerns/feed/ 0 SEC stops Dangote Refinery IPO promotions, warns investors https://thecitizenng.com/sec-stops-dangote-refinery-ipo-promotions-warns-investors/ https://thecitizenng.com/sec-stops-dangote-refinery-ipo-promotions-warns-investors/#respond Tue, 23 Jun 2026 21:19:04 +0000 https://thecitizenng.com/?p=284676 The Securities and Exchange Commission (SEC) has directed capital market operators to immediately halt all promotional activities relating to a purported initial public offering by Dangote Petroleum Refinery and Petrochemicals FZE, warning that it has neither received nor approved any application for such an offer. The directive was contained in a public notice issued by […]

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]]> https://thecitizenng.com/sec-stops-dangote-refinery-ipo-promotions-warns-investors/feed/ 0 Sahara Group advances energy journalism in Africa with $5000 Fellowship https://thecitizenng.com/sahara-group-advances-energy-journalism-in-africa-with-5000-fellowship/ https://thecitizenng.com/sahara-group-advances-energy-journalism-in-africa-with-5000-fellowship/#respond Tue, 23 Jun 2026 15:30:00 +0000 https://thecitizenng.com/?p=284618 Sahara Group, a leading international energy and infrastructure conglomerate, has unveiled the Asharami Square Energy Reporting Fellowship, committing up to $5,000 in funding, mentorship, and expert-led engagement to elevate energy journalism across Africa. The Fellowship is an extension of Asharami Square, Sahara Group’s flagship thought leadership platform, now in its third edition, focused on sustainability […]

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]]> https://thecitizenng.com/sahara-group-advances-energy-journalism-in-africa-with-5000-fellowship/feed/ 0 US launches $750 fast-track Visa interview service for visitors https://thecitizenng.com/us-launches-750-fast-track-visa-interview-service-for-visitors/ https://thecitizenng.com/us-launches-750-fast-track-visa-interview-service-for-visitors/#respond Mon, 22 Jun 2026 11:58:31 +0000 https://thecitizenng.com/?p=284609 The United States Department of State has introduced a new premium service for applicants seeking B1/B2 visitor visas, allowing travellers to pay an additional $750 for expedited interview appointments. According to a notice published in the Federal Register on June 9, applicants who opt for the premium service will be eligible for visa interview appointments scheduled […]

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]]> https://thecitizenng.com/us-launches-750-fast-track-visa-interview-service-for-visitors/feed/ 0 NCC, CAC mandate pre-approval for all telecom equity transfer above 10% https://thecitizenng.com/ncc-cac-mandate-pre-approval-for-all-telecom-equity-transfer-above-10/ https://thecitizenng.com/ncc-cac-mandate-pre-approval-for-all-telecom-equity-transfer-above-10/#respond Mon, 22 Jun 2026 11:53:04 +0000 https://thecitizenng.com/?p=284606 The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have announced strict new compliance requirements for changes in the ownership structure of licensed communications companies. Effective immediately, any transfer of shares amounting to 10 per cent or more of a licensee’s total share capital will require an official “Letter of No Objection” from […]

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]]> https://thecitizenng.com/ncc-cac-mandate-pre-approval-for-all-telecom-equity-transfer-above-10/feed/ 0 Fraudsters rake in N134bn from banks, customers https://thecitizenng.com/fraudsters-rake-in-n134bn-from-banks-customers/ https://thecitizenng.com/fraudsters-rake-in-n134bn-from-banks-customers/#respond Fri, 19 Jun 2026 13:04:42 +0000 https://thecitizenng.com/?p=284522 Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according to data contained in the Central Bank of Nigeria (CBN) Nigeria Payments System Vision 2028 document. The document from the apex bank’s website showed that attempted […]

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]]> https://thecitizenng.com/fraudsters-rake-in-n134bn-from-banks-customers/feed/ 0 FG rules out fuel, telecom taxes despite IMF recommendation https://thecitizenng.com/fg-rules-out-fuel-telecom-taxes-despite-imf-recommendation/ https://thecitizenng.com/fg-rules-out-fuel-telecom-taxes-despite-imf-recommendation/#respond Wed, 17 Jun 2026 20:31:36 +0000 https://thecitizenng.com/?p=284505 The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. The government said the reports misrepresented the contents of the IMF report and did […]

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]]> https://thecitizenng.com/fg-rules-out-fuel-telecom-taxes-despite-imf-recommendation/feed/ 0