Apapa and Tincan Island Ports Account for Majority of Nigeria’s Trade in Q1…
Customs licensed agents have explained why the Lagos ports of Apapa and Tincan Island accounted for 89.9% of…
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Nigeria-Niger Trade Worth $226.34 Million at Risk Amid Border Closure
Trade worth approximately $226.34 million between Nigeria and Niger is under threat due to the recent closure of…
World Bank, Clean Technology Fund, and Dutch Cooperation to Finance $338.7 Million…
A consortium comprising the World Bank, Clean Technology Fund, and the Dutch Cooperation is set to finance solar…
Completion Date of Nigeria’s 11,000 MW Power Project with Siemens Shifted to…
The timeline for the completion of the 11,000 megawatts (MW) power project, a collaboration between the Federal…
Nigeria Tops World Unemployment List with 33.3%, KPMG Predicts Further Rise
Nigeria has ranked as the country with the highest unemployment rate globally, according to recent statistics…
Seplat Energy Records 10.21% Growth in Gas Revenue for H1 2023
Indigenous energy company, Seplat Energy Plc, reported a 10.21% increase in its gas revenue for the first half of…
Fuel Prices in Tanzania Surge by 17% Amidst Dollar Shortage
Motorists in Tanzania will face a significant increase in fuel prices as the existing shortage of the United…
Dollar Deposits in Kenyan Banks Reach New All-Time High as Shilling Depreciates
The value of dollar deposits in Kenyan commercial banks has reached a record high of Sh1.185 trillion by the end…
SEC and Capital Market Community to Partner with Federal Ministry to Boost…
The Securities and Exchange Commission (SEC) and the Capital Market Community plan to collaborate with the Federal…
Abuja Chamber of Commerce Urges Swift Implementation of N125bn Grants for SMEs
The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to expedite the…
UK and Nigerian Exchanges Partner to Boost Dual Listings and Sustainable…
The United Kingdom's Foreign, Commonwealth, and Development Office (FCDO) have expressed their commitment to…
USAID Warns of Higher Food Prices in Nigeria and Developing Countries due to…
The United States Agency for International Development (USAID) has issued a warning to Nigeria and other African…
Technology and Transparency Lead to Significant Cost Reduction in Nigerian…
The Convention on Business Integrity (CBi) revealed that shipowners' operational costs in Nigeria have dropped by…
Nigerian Exchange Lists N130bn Sovereign Sukuk: A Boost to Infrastructure…
The Nigerian Exchange Limited (NGX) recently listed the Federal Government's N130bn sovereign Sukuk through the…
Potential Cost Savings and Benefits of Local Refining for Nigeria’s Oil…
Oil marketers in Nigeria have highlighted the potential cost savings and benefits of local refining, stating that…
Eterna Plc Records 21.2% Revenue Growth in H1 2023, but Reports Loss Before Tax
Eterna Plc, in its IFRS Financial Statements for the half-year ended June 30, 2023, reported a revenue growth of…
Bullish Trading Returns to Nigerian Exchange Limited, Investors Gain N41 Billion
After four days of bearish trading, the Nigerian Exchange Limited witnessed a return of bullish trading on…
Local Refining to Save N70 per Litre on Petrol Price, Say Oil Marketers
Oil marketers in Nigeria have stated that local refining of petroleum will reduce petrol prices by at least N70…
Nigerian Government Orders Digital Money Lenders to Prove Compliance or Face…
The Federal Competition and Consumer Protection Commission (FCCPC) has given digital money lenders a five-day…
President Tinubu Approves Over N275 Billion to Revitalize Manufacturing and MSME…
President Bola Tinubu has authorized the release of over N275 billion to revive the manufacturing and Micro,…
Nigerian National Petroleum Company Emphasizes Gas Development for Affordable and…
The Nigerian National Petroleum Company Limited (NNPCL) plans to prioritize gas development and transportation…
Nigerian Electricity Consumers to Receive Compensation for Poor Service Delivery
The Nigerian Electricity Regulatory Commission (NERC) has introduced a compensation scheme for electricity…
Nigerian Upstream Petroleum Commission Workers Protest Unpaid Emoluments
Workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) staged a protest at the commission's…
Shell Nigeria Invites Rig Providers for Deepwater Drilling Project
Shell Nigeria Exploration and Production Company (SNEPCO) has extended an invitation to rig providers for a…
NDDC and NLNG Collaborate to Drive Sustainable Development in Niger Delta Region
The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas Company (NLNG) are set to sign…
AMCON Recovers N1.6tn from Bad Debtors in 10 Years: Progress and Challenges in…
The Asset Management Corporation of Nigeria (AMCON) has revealed that it successfully recovered N1.6tn from bad…
Ghana $13 billion Eurobond Restructuring to be Concluded by Year End –…
Ghana's government aims to reach an agreement with its commercial creditors to restructure Eurobonds totaling $13…
President Tinubu’s Nation Address: Economic Reforms and Commitment to…
President Bola Ahmed Tinubu addressed the nation, assuring Nigerian workers of an upcoming salary review to…
Central Bank of Nigeria Exempts Microfinance and Primary Mortgage Banks from Cash…
The Central Bank of Nigeria (CBN) has issued a circular exempting Primary Mortgage Banks and Microfinance Banks…
Nigeria’s External Reserves Drop by $167.2m in July as Naira Weakens
In July, Nigeria's external reserves experienced a decline of $167.2 million, as the value of the naira…