ART seeks a crude oil swap to release $810 million in blocked funds for airlines.
Dr. Gabriel Olowo, president of the Aviation Roundtable and Safety Initiative, yesterday urged Mr. Godwin…
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Marketers Claim that Subsidy Removal has Increased Depot Gasoline Prices.
Since May 29 when subsidies were formally eliminated, gas prices at the pump have climbed by more than 100%. On…
World Bank: Nigeria’s Economic Expansion is too Sluggish to Combat Poverty.
The World Bank issued a warning Monday, stating that Nigeria's economic expansion is too sluggish to deal with the…
Stakeholders Expect an Increase in Call Costs Due to the Telecom Tax.
Muhammadu Buhari, the former president of Nigeria, put a 5% excise levy on telecommunication services into law in…
Reps Call on the Government to Contract Out Refineries to IOCs.
The House of Representatives urged the Federal Government and Nigerian National Petroleum Corporation Limited…
Exposure of Nigerian Banks to $13 billion Eurobond for Ghana Set at $1.7 Billion.
According to a research published by Agusto &Co, Nigerian banks have a significant amount of exposure to the…
Nigeria Air: Representatives Urge that the Main Perpetrators be Charged.
The House of Representatives Committee on Aviation has demanded the detention, criminal prosecution, and…
Kaspersky claims Nigeria has the second-highest number of cyberattacks in Africa.
According to a Kaspersky research, Nigeria experiences the second-highest number of cyberattacks in Africa. Only…
Nigeria’s BUA Receives $500 million to Build New Cement Lines.
The International Finance Corporation (IFC) and other lenders have provided $500 million in finance to Nigeria's…
Nigeria’s Labour Congress to Call Off Strike Over Gasoline Subsidies.
A signed resolution of the agreement stated that Nigeria's largest labor union had decided, following a meeting…
With the acquisition of Africa Matters Limited, J.S. Held expands its strategic…
The international consulting firm J.S. Held announced the acquisition of Africa Matters Limited, a strategic…
Accra Medical Center and IFC collaborate to increase access to affordable…
IFC announced a partnership with Accra Medical Centre Ltd. (AMC) to assist the health service provider expand its…
The 89MW Castle Wind Farm’s Financial Close has been Announced by AIIM…
Through an Eskom wheeling agreement, the AIIM consortium has completed the financial close on the 89 MW Castle…
Pension funds investments in FGN securities rise – Report.
At the conclusion of the first quarter of 2023, the portion of the Pension Fund's assets held in Federal…
Stakeholders Criticize the FG Regarding the $3.2 billion Project to Modernize…
Stakeholders in the nation's marine sector have criticized the Federal Government over the $3.2 billion Nigeria…
In Seven Years, Nigerias Debt has Outspaced its Revenue by 13million.
Nigeria's overall debt in seven years exceeded Federal Government revenue by N13.26 trillion. The conclusions were…
NBS: Due to Lack of FX, International Trade Falls by 2.6trillion.
The value of international commerce has decreased overall by N2.55 trillion as a result of decreasing exports from…
Restructuring of Ghanas’ Debt: Lowers Bank Earning Due to Increase in Loans.
Although Ghana may now breathe a sigh of relief after the IMF approved its $3 billion loan request, some Nigerian…
NCC: 22.3 million jobs and $13.2 trillion in economic output will be created by 5G…
By 2035, the introduction of 5G technological services, according to the Nigerian Communications Commission (NCC),…
CBN Reports a 27% Decrease in Electricity Export Revenue.
According to The PUNCH, Nigeria's electricity export fell by $58.1 million in a single year due to grid failure.
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Price-fixing and petroleum equalization eras are finished, according to NMDPRA.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared that the era of price…
Market expansion and diversification will lead to growth.
In an effort to increase wealth for investors and residents as well as spur economic progress, the Securities and…
Nigerian Stocks Exhibit the Region’s Greatest Returns.
The majority of quoted securities in Nigeria outperformed their peers in Sub-Saharan Africa despite the country's…
The SEC takes Action to Monitor Capital Market Delisting.
The Securities and Exchange Commission has stated that it is prepared to address and resolve the issues that lead…
NNPC will stop using crude swaps and focus on cash payments for imported gasoline.
The Nigerian National Petroleum Company Limited (NNPC) plans to stop using crude oil swaps in favor of cash…
FG and Foreign Airlines are Scheduled to Meet on Trapped Funds.
The International Air Transport Association, a worldwide airline trade group with headquarters in Switzerland,…
As Saudi Arabia Reduces Production, OPEC Increases Nigeria’s Oil Supply.
On Sunday, OPEC+ members and non-members agreed to reduce crude oil production levels in order to maintain the…
NLC Refuses to Attend a FG Meeting, and Electrical Workers Support Strike.
The Federal Government convened a meeting on Sunday to discuss the elimination of the fuel subsidy and the ensuing…
Outgoing Parliament: Nigeria Spent $25 billion to Repair Refineries.
Nigeria spent more than 11.35 trillion naira ($25 billion) in the last ten years repairing its three inoperable…
According to FIRS, Nigeria’s tax-to-GDP ratio is at 10.86%.
The Federal Inland Revenue Service (FIRS) Executive Chairman, Mr. Muhammad Nami, said yesterday that the nation's…