October 31, 2023 - Market News Nigeria

Nigeria Approves N2.18tn Supplementary Budget to Address Urgent National Priorities

The Federal Government of Nigeria has greenlit a supplementary budget of N2.18tn for the fiscal year 2023. This additional funding…

A review of industry data by THISDAY reveals that Nigeria’s crude oil production has shown a 5.7% year-on-year increase between…

As the global call for energy transition gains momentum, the Nigerian federal government has announced its intention to capitalize on…

TotalEnergies, a prominent oil major, has achieved a significant milestone by fully funding its Host Community Development Trusts (HCDTs) with…

Kenya is reassessing the process for banks to confirm letters of credit linked to the government’s fuel agreement with Gulf…

The Nigerian government is taking steps to waive tax penalties, outstanding penalties, and interest to make it easier to conduct…

The debts owed by oil and gas companies to Nigerian commercial banks have surged by over 40% due to the…

The completion date for Seplat’s ANOH Gas Processing Plant, a critical component of Nigeria’s gas development plans, has been pushed…

The Nigerian Naira experienced a significant depreciation, reaching an all-time low of N993.82 per dollar at the official foreign exchange…

The Nigerian government, through the Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, is targeting…