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Troubled automaker Stellantis, behind brands like Jeep and Fiat, announced Thursday a net loss of 22.3 billion euros ($26.3 billion) for last year, blaming a lack of demand for electric vehicles.
The post Automaker Stellantis posts massive loss, pivots from EV appeared first on Vanguard News.
By Providence Ayanfeoluwa Dangote Petroleum Refinery has announced plans to expand beyond crude processing into a fully integrated industrial hub, unveiling five major projects that aim to transform Africa’s manufacturing landscape. The project encompasses the ambitious expansion plan of a 400,000-tonne Linear Alkaline Benzene (LAB) plant to support detergent manufacturing across the continent. Addressing journalists during […]
The post Dangote Refinery charts industrial future with surfactant plant appeared first on Vanguard News.
… Exports 20m litres surplus By Udeme Akpan In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily to meet national demand, effectively positioning the country for sustained fuel self sufficiency while exporting up to 20 million litres […]
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…As External Reserves hit $50.4 b …20 banks cross recapitalization threshold, mobilise N4.05 trn Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN), yesterday, reduced the Monetary Policy Rate (MPR), the benchmark interest rate by 50 basis points from 27 per cent to 26.5 per cent. The Governor of the CBN, Mr. Olayemi Cardoso, disclosed […]
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MAKOGI — The Nigerian Exchange (NGX) took a massive hit on Tuesday, February 24, 2026, as investors aggressively sold off
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ABUJA — President Bola Ahmed Tinubu has declared that the Nigerian economy has officially exited its “darkest days,” backing his
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With Brent crude trading around $69 per barrel above Nigeria’s 2026 federal budget benchmark of $64.8, the price rally would largely bolster the country’s fiscal revenues, foreign exchange reserves and promote exchange rate stability.
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By Mariam Eko Nigeria’s average crude oil production in 2025 increased to 1.64 million barrels per day (mbpd), representing a 5.8 per cent year-on-year rise from 1.55mbpd in the corresponding period of 2024, the Independent Petroleum Producers Group (IPPG) has said. Chairman of IPPG, Mr. Adegbite Falade, disclosed this at the just-concluded Nigeria International Energy Summit […]
The post Nigeria’s crude oil production rises to 1.64mbpd in 2025 — IPPG appeared first on Vanguard News.
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has stated that the latest inflation data released by the National Bureau of Statistics (NBS) indicates a temporary easing of inflationary momentum, not yet a convergence toward a low and stable inflation regime. Recall that NBS, on Monday, reported that Nigeria’s headline inflation rate dropped to […]
The post Lower inflation figure still temporal, not stability — LCCI appeared first on Vanguard News.