Business Archives - TheCitizen - It's all about you https://thecitizenng.com/category/business/ Nigeria's leading online newspaper Mon, 31 Aug 2026 23:56:48 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.7 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 Court stops NMDPRA from shutting Dangote Refinery https://thecitizenng.com/court-stops-nmdpra-from-shutting-dangote-refinery/ https://thecitizenng.com/court-stops-nmdpra-from-shutting-dangote-refinery/#respond Mon, 31 Aug 2026 23:56:48 +0000 https://thecitizenng.com/?p=286774 A Federal High Court in Lagos has issued an interim injunction restraining the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)  from shutting down or interfering with the operations of Dangote Petroleum Refinery in the Lekki Free Zone. Justice Akintayo Aluko made the order on Monday while ruling on a motion ex parte marked FHC/L/CS/1174/26, […]

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]]> https://thecitizenng.com/court-stops-nmdpra-from-shutting-dangote-refinery/feed/ 0 NCC pushes local tech investment to cut imports https://thecitizenng.com/ncc-pushes-local-tech-investment-to-cut-imports/ https://thecitizenng.com/ncc-pushes-local-tech-investment-to-cut-imports/#respond Sat, 29 Aug 2026 23:22:31 +0000 https://thecitizenng.com/?p=286734 The Nigerian Communications Commission (NCC) has called for increased investment in locally developed technologies to reduce Nigeria’s dependence on foreign software and strengthen the country’s digital sovereignty. The Executive Vice Chairman of the NCC, Dr Aminu Maida, made the call on Thursday at the closing ceremony of the fourth NCC Hackathon Live Show in Abuja, […]

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]]> https://thecitizenng.com/ncc-pushes-local-tech-investment-to-cut-imports/feed/ 0 Lagos Cinema honours brave security personnel, boosts security https://thecitizenng.com/lagos-cinema-honours-brave-security-personnel-boosts-security/ https://thecitizenng.com/lagos-cinema-honours-brave-security-personnel-boosts-security/#respond Sat, 29 Aug 2026 22:56:56 +0000 https://thecitizenng.com/?p=286718 The Filmhouse Group has honoured two security personnel who confronted a machete-wielding man during an attack at its cinema in Lekki, Lagos State, assuring customers of improved security across its locations. The incident, which occurred in the early hours of Saturday in the car park outside one of the group’s locations, reportedly left two people […]

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]]> https://thecitizenng.com/lagos-cinema-honours-brave-security-personnel-boosts-security/feed/ 0 Shell commends efforts towards Regional Action Plan for safe helicopter services https://thecitizenng.com/shell-commends-efforts-towards-regional-action-plan-for-safe-helicopter-services/ https://thecitizenng.com/shell-commends-efforts-towards-regional-action-plan-for-safe-helicopter-services/#respond Sat, 29 Aug 2026 22:50:39 +0000 https://thecitizenng.com/?p=286715 Shell Nigeria Exploration and Production Company Limited (SNEPCo) has welcomed efforts to promote safe helicopter services across Africa in a proposed Regional Action Plan. The plan is the highlight of a workshop organised in Lagos this week by the Aviation subcommittee of the International Association of Oil and Gas Producers (IOGP) in partnership with London-based […]

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]]> https://thecitizenng.com/shell-commends-efforts-towards-regional-action-plan-for-safe-helicopter-services/feed/ 0 12MW Sahara Power Plant set to transform electricity supply across Lagos industrial hub https://thecitizenng.com/12mw-sahara-power-plant-set-to-transform-electricity-supply-across-lagos-industrial-hub/ https://thecitizenng.com/12mw-sahara-power-plant-set-to-transform-electricity-supply-across-lagos-industrial-hub/#respond Thu, 27 Aug 2026 17:08:30 +0000 https://thecitizenng.com/?p=286650 Thousands of businesses, residents and public institutions across Ogba, Acme Road, Wemco Road and surrounding communities are set to benefit from more reliable electricity supply as Sahara Power Enterprise Group (SPEG) commences construction of a new 12MW Independent Power Plant (IPP) in Lagos. The new gas-fired power plant, located within the Ogba Undertaking of Ikeja […]

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]]> https://thecitizenng.com/12mw-sahara-power-plant-set-to-transform-electricity-supply-across-lagos-industrial-hub/feed/ 0 FAAN faces backlash over N30,000 airport taxi fare https://thecitizenng.com/faan-faces-backlash-over-n30000-airport-taxi-fare/ https://thecitizenng.com/faan-faces-backlash-over-n30000-airport-taxi-fare/#respond Thu, 27 Aug 2026 00:25:59 +0000 https://thecitizenng.com/?p=286638 The Federal Airports Authority of Nigeria (FAAN) is facing mounting criticism over the cost of its newly introduced airport car-hire service after a viral video showed a passenger being quoted N30,000 for a trip from the Murtala Muhammed International Airport, Lagos, to Ikeja. Controversy erupted after travel content creator Chris Joondeph, popularly known as “Authentic […]

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]]> https://thecitizenng.com/faan-faces-backlash-over-n30000-airport-taxi-fare/feed/ 0 Nigeria records 8.51m terabytes of data use in H1 – NCC https://thecitizenng.com/nigeria-records-8-51m-terabytes-of-data-use-in-h1-ncc/ https://thecitizenng.com/nigeria-records-8-51m-terabytes-of-data-use-in-h1-ncc/#respond Wed, 26 Aug 2026 23:21:34 +0000 https://thecitizenng.com/?p=286613 Nigerians consumed a record 8.51 million terabytes of data in the first half of 2026, underscoring the country’s accelerating shift toward a digital-first economy. Data from the Nigerian Communications Commission (NCC) confirmed this. Specifically, in January, consumption was 1.385 million terabytes; February, 1.260 million terabytes and March, 1.422 million terabytes. In April, consumption was 1.414 million terabytes. […]

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]]> https://thecitizenng.com/nigeria-records-8-51m-terabytes-of-data-use-in-h1-ncc/feed/ 0 Dangote Refinery raises petrol price to N1,200 per litre https://thecitizenng.com/dangote-refinery-raises-petrol-price-to-n1200-per-litre/ https://thecitizenng.com/dangote-refinery-raises-petrol-price-to-n1200-per-litre/#respond Wed, 26 Aug 2026 09:34:56 +0000 https://thecitizenng.com/?p=286586 Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026. In an official communication to customers issued on Tuesday, the refinery’s Group Commercial Operations announced revised depot prices for gantry and coastal deliveries. The email, titled ‘PMS Price Change […]

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]]> https://thecitizenng.com/dangote-refinery-raises-petrol-price-to-n1200-per-litre/feed/ 0 South-West Investment Summit holds Sept 4 https://thecitizenng.com/south-west-investment-summit-holds-sept-4/ https://thecitizenng.com/south-west-investment-summit-holds-sept-4/#respond Wed, 26 Aug 2026 09:18:24 +0000 https://thecitizenng.com/?p=286575 The sixth South-West Investment Summit and Advancement Awards 2026 will hold on Friday, September 4, at the Lagos Oriental Hotel, Victoria Island, Lagos, with political leaders, policymakers, investors, business executives and traditional rulers expected to converge on the event. Organised by ASo Multimedia, the summit is expected to focus on investment opportunities, entrepreneurship, innovation, public-private partnerships and […]

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]]> https://thecitizenng.com/south-west-investment-summit-holds-sept-4/feed/ 0 NNPC, partners advance $21bn Bonga offshore project https://thecitizenng.com/nnpc-partners-advance-21bn-bonga-offshore-project/ https://thecitizenng.com/nnpc-partners-advance-21bn-bonga-offshore-project/#respond Tue, 25 Aug 2026 08:35:51 +0000 https://thecitizenng.com/?p=286555 Nigeria’s push to revive investment in its deepwater oilfields gained fresh momentum on Monday as the Nigerian National Petroleum Company (NNPC) Limited and its partners signed agreements expected to move the proposed Bonga Southwest/Aparo project, estimated to attract up to $21bn in investment, closer to a Final Investment Decision. The project, located in Oil Mining […]

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]]> https://thecitizenng.com/nnpc-partners-advance-21bn-bonga-offshore-project/feed/ 0 Dangote Refinery expands free fuel delivery to Kano, Imo, others, targets lower pump prices https://thecitizenng.com/dangote-refinery-expands-free-fuel-delivery-to-kano-imo-others-targets-lower-pump-prices/ https://thecitizenng.com/dangote-refinery-expands-free-fuel-delivery-to-kano-imo-others-targets-lower-pump-prices/#respond Mon, 24 Aug 2026 20:37:21 +0000 https://thecitizenng.com/?p=286493 Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum products delivery initiative to Kano, Imo, Anambra, and Nasarawa states, a move expected to reduce distribution costs for independent petroleum marketers and create room for lower petrol prices at the pump. The initiative, which began with deliveries to Lagos, Ogun, Rivers, Kaduna, and Delta states, […]

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]]> https://thecitizenng.com/dangote-refinery-expands-free-fuel-delivery-to-kano-imo-others-targets-lower-pump-prices/feed/ 0 Dangote Refinery raises petrol price as crude tops $93 https://thecitizenng.com/dangote-refinery-raises-petrol-price-as-crude-tops-93/ https://thecitizenng.com/dangote-refinery-raises-petrol-price-as-crude-tops-93/#respond Fri, 21 Aug 2026 01:21:25 +0000 https://thecitizenng.com/?p=286395 The Dangote Petroleum Refinery has raised its Premium Motor Spirit (Petrol) gantry price by N20 per litre, from N1,165 to N1,185 per litre. The new price will take effect from midnight on August 21, 2026, according to Petroleumprice.ng. The adjustment comes as Brent crude futures topped $93 per barrel on Thursday, hitting a three-week high […]

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]]> https://thecitizenng.com/dangote-refinery-raises-petrol-price-as-crude-tops-93/feed/ 0 FAAN denies ban on Uber, Bolt at airports https://thecitizenng.com/faan-denies-ban-on-uber-bolt-at-airports/ https://thecitizenng.com/faan-denies-ban-on-uber-bolt-at-airports/#respond Fri, 21 Aug 2026 01:18:21 +0000 https://thecitizenng.com/?p=286392 The Federal Airports Authority of Nigeria (FAAN) has clarified that it has not banned Uber, Bolt or other e-hailing services from operating at Nigerian airports, saying its ongoing discussions with the operators are aimed at improving passenger safety, security and the orderly management of airport transport services. The clarification came amid growing concerns from passengers […]

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]]> https://thecitizenng.com/faan-denies-ban-on-uber-bolt-at-airports/feed/ 0 Shell reinforces safety commitment at CEO Contractors Forum https://thecitizenng.com/shell-reinforces-safety-commitment-at-ceo-contractors-forum/ https://thecitizenng.com/shell-reinforces-safety-commitment-at-ceo-contractors-forum/#respond Thu, 20 Aug 2026 01:07:03 +0000 https://thecitizenng.com/?p=286351 Shell yesterday hosted chief executives of contracting companies in Lagos highlighting the need to sustain safe operations across its businesses in Nigeria. The annual Shell Leadership and Contractor CEO Conference aims to shine a light on “a shared commitment to people, performance and safety.” The theme of this year’s event is “Learn. Adapt. Improve.” Addressing […]

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]]> https://thecitizenng.com/shell-reinforces-safety-commitment-at-ceo-contractors-forum/feed/ 0 Nigerians pay more for cement than African neighbours – FCCPC https://thecitizenng.com/nigerians-pay-more-for-cement-than-african-neighbours-fccpc/ https://thecitizenng.com/nigerians-pay-more-for-cement-than-african-neighbours-fccpc/#respond Wed, 19 Aug 2026 19:43:34 +0000 https://thecitizenng.com/?p=286280 The Federal Competition and Consumer Protection Commission (FCCPC) has said its preliminary investigation into Nigeria’s cement industry suggests possible manipulation of cement prices, following widespread complaints over the soaring cost of the commodity despite the country’s large production capacity and abundant limestone deposits. It has also opened an investigation into possible price manipulation in Nigeria’s […]

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]]> https://thecitizenng.com/nigerians-pay-more-for-cement-than-african-neighbours-fccpc/feed/ 0 Nigeria’s inflation rate falls to 15.43% in July https://thecitizenng.com/nigerias-inflation-rate-falls-to-15-43-in-july/ https://thecitizenng.com/nigerias-inflation-rate-falls-to-15-43-in-july/#respond Tue, 18 Aug 2026 00:01:14 +0000 https://thecitizenng.com/?p=286191 Nigeria’s headline inflation rate fell to 15.43 percent in July 2026, down from 24.94 percent recorded in July 2025, according to the latest figures released by the National Bureau of Statistics (NBS). The latest data indicate a significant easing in year-on-year inflation over the 12-month period, reflecting a broader moderation in the rate of price […]

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]]> https://thecitizenng.com/nigerias-inflation-rate-falls-to-15-43-in-july/feed/ 0 NCAA to automate baggage tracking https://thecitizenng.com/ncaa-to-automate-baggage-tracking/ https://thecitizenng.com/ncaa-to-automate-baggage-tracking/#respond Sun, 16 Aug 2026 06:18:14 +0000 https://thecitizenng.com/?p=286151 The Nigeria Civil Aviation Authority (NCAA) has concluded plans to mandate the use of Radio Frequency Identification, RFID, baggage tracking technology across Nigerian airports. The move is part of the regulator’s efforts to eliminate the growing incidence of delayed, missing and mishandled baggage at domestic and international terminals. The automated system will replace the traditional […]

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]]> https://thecitizenng.com/ncaa-to-automate-baggage-tracking/feed/ 0 BOI targets 80% loans for power, manufacturing sectors https://thecitizenng.com/boi-targets-80-loans-for-power-manufacturing-sectors/ https://thecitizenng.com/boi-targets-80-loans-for-power-manufacturing-sectors/#respond Sun, 16 Aug 2026 06:11:29 +0000 https://thecitizenng.com/?p=286148 The Bank of Industry (BOI) has unveiled a financing strategy that will see 80 per cent of its lending to large enterprises channelled into priority sectors, including power, manufacturing, agribusiness, pharmaceuticals and digital infrastructure, as it positions itself at the centre of Nigeria’s industrial revival efforts. The development finance institution said the move forms part […]

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]]> https://thecitizenng.com/boi-targets-80-loans-for-power-manufacturing-sectors/feed/ 0 NCAA to sanction airlines preventing workers’ union https://thecitizenng.com/ncaa-to-sanction-airlines-preventing-workers-union/ https://thecitizenng.com/ncaa-to-sanction-airlines-preventing-workers-union/#respond Thu, 13 Aug 2026 19:44:47 +0000 https://thecitizenng.com/?p=286126 The Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, on Thursday, convened an emergency meeting to foster greater understanding, cooperation, and progress within the Nigerian aviation sector. This followed previous engagements with the Aviation Sector Unions and the Airline Operators of Nigeria, concerning the temporary suspension of industrial action by the unions on Tuesday Parts of the previous […]

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]]> https://thecitizenng.com/ncaa-to-sanction-airlines-preventing-workers-union/feed/ 0 Lagos inaugurates Agege food hub to cut losses, ease distribution https://thecitizenng.com/lagos-inaugurates-agege-food-hub-to-cut-losses-ease-distribution/ https://thecitizenng.com/lagos-inaugurates-agege-food-hub-to-cut-losses-ease-distribution/#respond Wed, 12 Aug 2026 23:54:28 +0000 https://thecitizenng.com/?p=286049 The Lagos State Government on Wednesday inaugurated a new food hub in Agege as part of efforts to reduce post-harvest losses, improve food distribution, and bring more organised trading to the state’s sprawling food economy. The Lagos Fresh Food Hub, located at Pen Cinema, is designed to accommodate between 350 and 400 vendors and provide […]

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]]> https://thecitizenng.com/lagos-inaugurates-agege-food-hub-to-cut-losses-ease-distribution/feed/ 0