The Nigeria Extractive Industries Transparency Initiative (NEITI), has disclosed that Nigeria requires an annual injection of about $20 billion into the gas infrastructure to maximize its...
The Central Bank of Nigeria (CBN) has extended the temporary access granted to Bureau de Change (BDC) operators to purchase foreign exchange from the Nigerian Foreign...
The Nigerian equities market began the week on Monday, February 3rd, 2025 on a positive note as investors gained N83 billion on the trading floor of...
The Special Adviser on Energy to the President, Olu Verheijen, said on Monday her statement on the planned increase in the electricity tariff was misrepresented. Verheijen...
The Nigerian equities market sustained the bullish trend recorded the previous week as investors gained N1.064 trillion on the trading floor of the Nigerian Exchange Group...
Dangote Refinery has reduced the loading price of Premium Motor Spirit (PMS) otherwise known as petrol to N890 per litre. The refinery increased the petrol loading...
The Central Bank of Nigeria (CBN) has approved CFA Franc for the repatriation of export proceeds. The Executive Director of the Nigeria Export Promotion Council (NEPC),...
A major rift has emerged between Nigerian telecom workers and the Nigeria Labour Congress (NLC) over the recently approved 50% increase in telecom tariffs, with the...
The Nigerian equities market sustained the bullish trend recorded last week as investors gained N1.064 trillion on the trading floor of the Nigerian Xchange (NGX) this...
Investors in the Nigerian equities market lost N160 billion at the close of trading on Friday. This followed a dip in the share prices of stocks...
The Nigerian equities market sustained its bullish trading with a N347 billion gain by investors at the close of business on Thursday. This followed a surge...
The Nigerian National Petroleum Company (NNPC) Limited on Thursday launched five Liquefied Natural Gas (LNG) mini-plants in Ajaokuta, Kogi State. The five LNG mini-plants are PRIME...
The Federal Government has secured a $1.1 billion credit facility from African Development Bank (AfDB) to provide electricity for five million people in Nigeria by 2026....
The Nigerian equities market recovered from previous day’s loss as investors gained N394 billion at the close of trading on Wednesday. This followed a surge in...
The Nigerian Civil Aviation Authority (NCAA) has suspended Max Air from operating local flights for three month over frequent incident in the aviation sector. This followed...
The Dangote Petroleum Refinery has revealed that it is awaiting up to 12 million barrels of crude oil from the United States. The refinery said it...
The Nigerian Competition and Consumer Protection Tribunal on Tuesday reserved a ruling in an appeal filed by social media platforms, Meta Incorporated and WhatsApp, challenging the...
The Central Bank of Nigeria (CBN) said on Tuesday the forensic verification of the $7 billion FX backlogs is nearing completion. The CBN Governor, Olayemi Cardoso,...
Investors in the Nigerian capital market lost N284 billion at the close of trading on Tuesday. This followed the dip in the share prices of stocks...
China’s crude oil and natural gas output exceeded 400 million tonnes of oil equivalent for the first time in 2024. The country’s National Energy Administration disclosed...
Septuagenarian Chidiebube Kalu walked into the Guarantee Trust Bank branch in Wuse 2, Abuja. The deposit slip danced on his shaky hands as he moved slowly...
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange (FX) market to submit compliance reports detailing their adherence to the Nigeria...
The Nigerian equities market got off to a positive start on Monday, January 27, 2025, as investors gained N795 billion on the trading floor of the...
The presidency has defended the 50% hike in tariff approved for telecommunications operators by the Nigerian Communications Commission (NCC). It argued that the.tariff hike was necessary...
Two Nigerian airlines, Air Peace and Aero Contractor compensated 1,921 passengers for different infractions in November last year. These infractions include flight delays, cancellations and cabin...
The Nigerian equities market rebounded from last week’s massive N1.45 trillion loss as investors rallied to gain N794 billion on the trading floor last week. The...
Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to...
The Securities and Exchange Commission (SEC) has warned Nigerians against engaging in any investment-related transactions with two investment platforms Risevest Cooperative Multipurpose Society Limited and Stecs...
Let me share a story. A painful one. In November 2023, I met Chika, a young entrepreneur full of ambition. She had saved for three years...
Nigeria’s telecommunications industry faced a tough year in 2023, as operating costs for telecom companies skyrocketed by 50.92%, rising from ₦2.09 trillion in 2022 to ₦3.16...
The Federal Government of Nigeria is seeking the support of the World Economic Forum (WEF) on the African Atlantic Gas Pipeline (AAGP) project to connect Nigeria...
The Nigerian equities market rebounded from last week’s massive loss as investors gained N794 billion on the trading floor of the Nigerian Xchange (NGX). Ripples Nigeria...
The Nigerian equities market rebounded from two consecutive losses with a N497 billion gain for investors at the close of trading on Friday. This followed a...
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, on Thursday called for restraint amidst the ongoing dispute between the United States and other nations...
For the second consecutive day, the equities market closed in the bearish territory as investors lost ₦290 million at the close of trading on Thursday. This followed...
The Central Bank of Nigeria (CBN) is set to launch a new Compliance Department by the end of February in a bold move to restore transparency...
Nigeria’s public debt profile has increased by N8.02 trillion to hit N142.3 trillion as of September 30, 2024. The Debt Management Office (DMO) disclosed this in...
The Nigerian equities market reversed the gains recorded since the beginning of the week with a ₦197 billion loss by investors at the close of trading...
Justice Inyang Ekwo of the Federal High Court, Abuja, on Wednesday, fixed February 19 for a hearing in a suit filed by Global Gas and Refining...
Following the approval of a 50 percent adjustment in telecommunications tariffs in the country, the Federal Competition and Consumer Protection Commission (FCCPC) has mandated the operators...
The Federal Government, through the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has defended the recent 50% tariff increase for telecom services, attributing the...
The Central Bank of Nigeria (CBN) has predicted a 4.17 percent Gross Domestic Product (GDP) for the country this year. The CBN Deputy Governor, Economic Policy,...
The Nigerian equities market sustained the bullish run as investors gained ₦483 billion at the close of trading on Wednesday. This followed a surge in the...
EcoBank Nigeria, its parent companies and leadership are facing a legal suit in the United Arab Emirates (UAE) on allegations of defamation, abusive proceedings and coercion...
Telecommunication subscribers under the aegis of the National Association of Telecoms Subscribers (NATCOMS) has kicked against the 50 per cent tariff hike approved by the industry...
The National Bureau of Statistics (NBS) on Monday announced the upcoming release of a rebased Consumer Price Index (CPI), a crucial move to capture the reality...
The Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, has projected that Nigeria’s high inflation rate will be reduced to at least...
Dr. Bisi Onasanya, former Group Managing Director of First Bank, has demanded a fair hearing and condemned the media trial surrounding allegations linked to a controversial...
The Nigerian Communications Commission (NCC) has granted approval for a 50% increase in telecom tariffs, marking the first adjustment in over a decade. The move comes...
The Nigerian equities market started the week on a positive note as investors gained N10 billion on the trading floor of the Nigerian Exchange Group (NGX)...
