Twiga Foods CEO Transfers Land from President’s Scheme to Private Company
Twiga Foods CEO, Peter Njonjo, transferred 20,000 acres of land allocated to him by the administration of President William Ruto…
Day: August 29, 2023
Nigeria Warns of Potential Flooding from Lagdo Dam Opening in Cameroon
The Nigerian government has issued a warning that several states located along the path of the River Benue could experience…
Central Bank of Nigeria Renews Currency Swap Agreement with China After Expiry
Contrary to previous reports indicating that the currency swap agreement between Nigeria and China had expired, the Central Bank of…
KPMG Nigeria Adjusts Economic Forecast to 2.65%
KPMG Nigeria Adjusts Economic Forecast to 2.65%, Citing Factors Such as Oil Production Contraction and Reforms Impact. KPMG Nigeria has…
Nigerian Crypto Platform Patricia Plans to Repay Hacked Funds with Debt Management Token, Tied to Profitability
Nigerian cryptocurrency platform Patricia has revealed its intention to use a newly created debt management token, the Patricia Token (PTK),…
Ukraine and Russia Clash Over Black Sea Oil and Gas Platforms; Military Activity Intensifies
The UK Ministry of Defence has reported that Ukraine and Russia are engaged in a conflict over strategic oil and…
Uncertain Prospects for Port Harcourt Refinery Restart as Doubts Surface Over Deadline
The hopes for the Port Harcourt refinery’s resumption of fuel production by December 2023, following its Turn Around Maintenance (TAM)…
BP CEO Discusses $3.5 Billion Investment Plan in Egypt with President and Minister
Bernard Looney, the CEO of BP, engaged in discussions today with Egypt’s President Abdel Fattah al-Sisi and Minister of Petroleum…
Analysts Predict Second-Half Growth Surge Amidst Q2 Economic Slowdown
Despite the economic growth dipping to 2.51% in the second quarter of the year, experts anticipate that a combination of…
Tony Elumelu Urges Bold Strategies for Nigeria’s Transformation at NBA Conference
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) Plc, emphasized the critical necessity for innovative and bold…
Nigeria’s Unclaimed Dividend Reaches N190 Billion; SEC Implements Reforms for Efficiency
At a post Capital Market Committee (CMC) press briefing, Dayo Obisan, the executive commissioner in charge of operations at the…
Foreign Investment in Nigerian Stocks Hits Lowest Level Since Reform-Driven Rally; Currency Concerns Loom Large
Foreign investment in Nigerian stocks has dropped to its lowest point since President Bola Tinubu’s reforms initiated a significant market…
Surge in BUA Foods and Dangote Sugar Stocks Sparks Market Rally, Adding N324 Billion to Market Capitalization
The Nigerian stock market kicked off the week on a positive note as renewed investor interest in key stocks like…