The Nigerian National Petroleum Company Limited (NNPCL) has unveiled its latest crude oil grade, the Utapate crude oil blend, at the international market. The company unveiled...
Investors in the Nigerian equities market continued their positive run with a profit of N166 billion at the close of trading on Wednesday. This followed a...
The Federal Competition and Consumer Protection Commission (FCCPC) has raised alarm over the presence of substandard and unregistered sugar products in Nigerian markets, particularly in the...
The Apapa Port Command of Nigeria Customs Service has generated N2.01 trillion in revenue this year. The Customs Area Controller (CAC) of the command, Comptroller Babatunde...
The Central Bank of Nigeria (CBN) has advised bank customers to be cautious about the use of fake SWIFT messages during foreign exchange (FX) transactions. The...
Investors in the Nigerian equities market sustained its positive run with a profit of N136 billion on the trading floor of the Nigerian Exchange Group (NGX)...
The United Kingdom has urged the Nigerian government to address harmful practices linked to state-owned enterprises that hinder trade and investment. If this is done, it...
Investors in the Nigerian equities market began the week positively gaining N15bn on the trading floor of the Nigerian Exchange Group (NGX) on Monday, November 18,...
The Nigerian Electricity Regulatory Commission (NERC) has ordered Electricity Distribution Companies (DisCos) to replace customers’ faulty and obsolete metres at no cost. This followed reports that...
The Nigerian and Indian governments have pledged to strengthen ties in key areas including economic development, defence, healthcare and food security. These were among the key...
Investors in the Nigerian Equities market endured a gained N294.9 billion on the trading floor last week. This followed the growth in equity capitalization to N58.9...
In a bold move to reduce the country’s dependence on imported vehicle spare parts, the Federal Government has established the necessary frameworks for local manufacturing of...
First Bank of Nigeria (FBN) Holdings Plc has announced that its shareholders have given the green light for a name change to First Holdco Plc. The...
The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs) and desist from selling new naira notes to...
Investors in the Nigerian Equities market endured a yoyo week that culminated in a weekly gain of N294.96 billion on the trading floor. This follows a...
Investors in the Nigerian equities market gained N296 billion at the close of trading on Friday. This followed a surge in the share prices of stocks...
Amid the rising cost of food prices, Nigeria’s inflation rate surged to 33.88% in October 2024, according to the latest data from the National Bureau of...
Ahead of the yuletide season, customers of Nigerian banks are currently experiencing cash scarcity in the banking halls and are forced to patronise roadside Point of...
The Federal Executive Council (FEC) has approved $2.2 billion external borrowing plan, including a potential Eurobond and Sukuk bond offers. The Minister of Finance and Coordinating...
Investors in the Nigerian equities market endured another bearish trading session losing N148 billion at the close of trading on Thursday. This followed a dip in...
The Federal Executive Council (FEC) on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic...
The Nigerian National Petroleum Company (NNPC) Limited has countered the position of the Organisation of Petroleum Exporting Countries (OPEC)on the volume of crude oil produced by...
The Nigerian National Petroleum Company (NNPC) Limited has made fresh appointments including a new Chief Financial Officer (CFO) and executive vice presidents for both upstream and...
Investors in the Nigerian equities market gained N96 billion at the close of trading on Wednesday. This followed a surge in the share prices of stocks...
Africa Finance Corporation (AFC), has facilitated a landmark US$200 million corporate finance facility for the BUA Group. The facility, provided to BUA Industries Limited by the...
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s average daily crude oil production increased marginally to 1.33 million barrels per day (bpd) in...
President Bola Ahmed Tinubu and Saudi Crown Prince Mohammed bin Salman have pledged to strengthen Nigeria’s economy through strategic collaborations in energy, agriculture, and infrastructure. The...
The Independent Petroleum Marketers Association of Nigeria has disclosed that the price of petrol from the Dangote Refinery was N940/litre and N990/litre when purchased using ships...
The Central Bank of Nigeria (CBN) has listed factors affecting confidence in the Nigerian economy. In its latest Business Expectation Survey, BES, the apex bank noted...
Nigeria’s foreign reserves has surged to $40.167 billion as of November 11, 2024, fresh reserve movement data from the Central Bank of Nigeria (CBN) has shown....
Multichoice Group, an African pay-TV operator has blamed inflation for the loss of 243,000 subscribers in six months by its Nigerian subsidiary between April and September...
Investors in the Nigerian equities market lost N68 billion at the close of trading on Tuesday. This followed a dip in the share prices of stocks...
For the third consecutive day, Bitcoin, the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $89,000. The price of the...
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it has stopped the importation of refined petroleum products. Mele Kyari, NNPC’s group chief executive officer...
The manufacturing sector in Nigeria is grappling with an unprecedented crisis, with unsold finished products skyrocketing by 357.57% year-on-year to reach N1.24 trillion in the first...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized an agreement with Dangote Refinery to directly source petroleum products, including petrol, diesel, and kerosene. This...
For the second consecutive day, Bitcoin, on November 11, 2024 set a new record, hitting $81,000. This latest development is coming barely 24 hours after the...
Investors in the Nigerian equities market began the week in the green zone gaining N83 billion on the trading floor of the Nigerian Exchange Group (NGX)...
A thriving payment platform, Nium, has signed an agreement with Ecobank Transnational Incorporated to enable seamless cross-border payments across 35 African markets for more than 32...
The landing cost for Premium Motor Spirit (PMS) commonly known as petrol dropped to N971 per litre this month. The figure is a 20.23% drop from...
Investors in the Nigerian equities market endured topsy-turvy trading sessions last week and lost N118 billion in the process. This followed the crash in the equity...
The Nigerian Institute of Leather and Science Technology (NILEST) has unveiled plans to establish mini tanneries in all states across the country. This ambitious project aims...
Nigeria’s Minister of Solid Minerals Development, Dele Alake has urged South African investors to take advantage of opportunities in the country’s mining sector. This appeal was...
Nigeria’s oil importation dropped to $2.79bn from $4.31bn in Q2 of 2024. This amounts to $1.52bn decline or a 35 per cent decline. This development was...
Nigeria uses a mix of both the metric system and older colonial systems, so it’s essential to grasp how land is measured, what the terms mean,...
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala has emerged as the sole candidate for the position in next year’s election. Okonjo-Iweala, who assumed...
Investors in the Nigerian Equities market endured a topsy-turvy week that culminated in a weekly loss of N118.22 billion on the trading floor. This follows a...
Investors in the Nigerian equities market gained N188 billion at the close of trading on Friday. This followed a surge in the share prices of stocks...
Nigerian multinational energy company Oando Plc is targeting a production of 100,000 barrels per day (bpd) by 2028. This follows its landmark acquisition of Eni’s Nigerian...
Global food prices rose in October to their highest level in 18 months, with a sharp increase in the cost of vegetable oil, the Food and...
