Business - HenrisCounty

Port Harcourt Refinery not for sale – NNPC Limited

The sale of Nigeria's Port Harcourt Refinery has been struck out officially by the Nigerian National Petroleum Company Limited (NNPC) Ltd. The Company made known its commitment to ensuring the…

HenrisCounty July 31, 2025Nigeria, NNPC, Ojulari, RefineryNo Comments

Business

Presidency sets record straight on Nigeria’s borrowing plan

The Presidency through Sunday Dare, Special Adviser on Media and Public Communication to President Bola Tinubu, has come out to set the record straight on the country's borrowing plan. Dare…

HenrisCounty July 29, 2025Loan, Presidency, Senate, Subsidy, TinubuNo Comments

Business

‘Despite humongous borrowing, Nigeria still confronted with negative reports of worsening poverty’ – Peter Obi

Nigeria still struggles with "negative reports of worsening poverty" despite "humongous borrowing", Peter Obi, former Governor of Anambra State, said. Obi said, around "133 million (63%) Nigerians" are grouped as…

HenrisCounty July 29, 2025Anambra, education, Nigeria, Obi, SenateNo Comments

Business

UK in ‘debt doom loop’, top investor Dalio warns

One of of the world's most successful investors has warned that the UK is stuck in a "debt doom loop". Hedge fund manager Ray Dalio, who founded Bridgewater Associates, was…

HenrisCounty July 28, 2025GDP, UKNo Comments

Business

‘From ₦12 Trillion to ₦200 Trillion – President’s borrowing 10 times worse than predecessor’ – ADC

The African Democratic Congress (ADC) said, it is tracking "APC’s Fiscal Disaster". The Party said, "from ₦12 Trillion to ₦200 Trillion, the President’s Borrowing is 10 times worse than predecessor."…

HenrisCounty July 28, 2025ADC, APC, Economy, PresidentNo Comments

Business

Heathrow welcomes ‘Nigeria’s largest carrier’, Air Peace, to Terminal 3

Heathow Airport, London, welcomes Air Peace, "Nigeria's largest carrier", to Terminal 3. In his conversation with Heathrow News, Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, expressed "delight" after…

HenrisCounty July 26, 2025Air Peace, Airport, Heathrow, Minister, NigeriaNo Comments

Business

Largest garment factory in Africa to be established in Ogun State

Dapo Abiodun, Executive Governor of Ogun State, has "proudly" announced his government has entered a partnership with India-based multinational, Arise Integrated Industrial Platform (IIP), for the establishment of Africa's largest…

HenrisCounty July 26, 2025Africa, Factory, Governor, OgunNo Comments

Business

‘4 African billionaires own more wealth than 50% of Africa’s population’ – Moghalu

President & Vice-Chancellor of African School of Governance (ASG), Kingsley Moghalu, said, governments of African countries are not "deep thinkers", as well as, not making the right moves on the…

HenrisCounty July 25, 2025Billionaire, Dangote, environment, government, SchoolNo Comments

Business

‘After rebasing, Nigeria’s debt-to-GDP ratio dropped from 52% to approximately 39.4%’ – Presidency

After rebasing, the ratio of Nigeria’s debt-to-GDP fell from 52% to approximately 39.4%, according to the Presidency. The Presidency through Sunday Dare, Special Adviser to President Tinubu on Media and…

HenrisCounty July 24, 2025ADC, administration, GDP, government, TinubuNo Comments

Business

President Tinubu’s ‘bold’ policies implemented in the best interest of Nigerians – Shettima

Kashim Shettima, Vice President, said, the "bold" policies by President Bola Ahmed Tinubu are taken in the best interest of Nigerians. The VP said, the Tinubu government has established an…

HenrisCounty July 24, 2025Abuja, business, Shettima, Tinubu, Vice PresidentNo Comments

Business

‘This government not trying to fix the economy’ – ADC blast Tinubu administration for celebrating rebased GDP

The African Democratic Congress (ADC) through its Interim Spox, Bolaji Abdullahi, has said, "the truth is that this government is not trying to fix the economy.' The Party added, "It…

HenrisCounty July 23, 2025ADC, administration, CBN, GDPNo Comments

Business

‘NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa’ – Ojulari

Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of Nigerian National Petroleum Corporation (NNPC) Ltd., has made known the company's commitment to pulling down structural bottlenecks towards erecting a strong…

HenrisCounty July 23, 2025Dangote, NNPC, Ojulari, Petroleum, RefineryNo Comments

Business

‘Inflation under greater control, Nigerians regaining confidence in Naira’ – Cardoso

Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has expressed certainty that, inflation in Nigeria is coming "under greater control", adding, Nigerians are now regaining confidence in the…

HenrisCounty July 23, 2025Cardoso, CBN, Economy, Naira, Nigeria, PolicyNo Comments

Business

President Tinubu sets first quarter 2026 target for take-off of national single window project to reach ‘$1tn economy target’

The National Single Window (NSW) Steering Committee has been directed by President Bola Ahmed Tinubu to make sure the platform becomes fully functional by the first quarter of 2026. The…

HenrisCounty July 23, 2025Economy, Edun, Minister, Nigeria, NSW, TinubuNo Comments

Business

CBN MPC votes ‘unanimously’ to retain MPR at 27.50%, CRR at 50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has voted "unanimously" to retain the Monetary Policy Rate (MPR) at 27.50%; retain the Cash Reserve Ratio (CRR)…

HenrisCounty July 22, 2025bank, Cardoso, CBN, Governor, Nigeria, PolicyNo Comments

Business

Nigeria and Egypt sign MoU focused on route expansion, investment in aviation infrastructure

Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, made known, Nigeria and Egypt have signed a Memorandum of Understanding (MoU) focused on "technical exchange, route expansion, and investment in…

HenrisCounty July 22, 2025Abuja, Aviation, Egypt, Keyamo, Minister, NigeriaNo Comments

Business

Nigeria to host Africa’s energy leaders and global partners in Abuja for Global Commodity Insights Conference

Nigeria will welcome Africa’s energy leaders and global partners to Abuja for the Global Commodity Insights Conference on West African Refined Fuel Markets The Conference will be jointly hosted by…

HenrisCounty July 22, 2025Abuja, Africa, energy, Leader, Nigeria, TinubuNo Comments

Business

UK government borrowing heightens to second-highest level on record

Government borrowing has significantly soared more than expected last month as debt interest payments increased. Official figures reveal the cost of public services and interest payments on government debt heightened…

HenrisCounty July 22, 2025Chancellor, government, Reeves, UKNo Comments

Business

Nigeria’s Economy: Lafarge record ‘70% increase in net sales in first half of 2025’

Lafarge Africa Plc, a Sub-Saharan Africa building materials company, has posted "another stellar performance in the first half of 2025". The company recorded a "70% increase in net sales to…

HenrisCounty July 22, 2025Africa, Economy, Nigeria, Onanuga, Special Adviser, TinubuNo Comments

Business

Nigeria records real GDP growth rate of 3.38% in 2024, 3.13% in Q1 of 2025 – NBS

In its recently published rebased Gross Domestic Product figures, the National Bureau of Statistics (NBS) revealed, a rebased GDP of N372.82 trillion in 2024, which is real growth rate of…

HenrisCounty July 21, 2025Bureau, GDP, NBS, Nigeria, StatisticsNo Comments