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Commodities

Oil price drops below budget benchmark, as output stagnates

Jun 6, 2024 0
Nigeria's 2024 national budget is under significant funding pressure due to a sustained decline in oil prices and…
Banking

Fidelity Bank Plc undertakes a N29.6bn Rights Issue and N97.5bn public offer

Jun 6, 2024 0
Fidelity Bank Plc is set to raise up to N127.1 billion via a Rights Issue and Public Offer, as part of its…
Business

Investors shun 182-day T-Bills, flock to 364-day bills with N677 billion…

Jun 6, 2024 0
The latest Nigerian Treasury Bill auction on June 5th, 2024 revealed a strong preference for longer-term…
Banking

FCMB Shareholders Raise Issued Capital To N150bn

Jun 5, 2024 0
FCMB Group Plc shareholders have approved a significant increase in the company's capital base. This move will…
Business

CNG initiative to cut petrol import spendings by $4.4bn annually–FG

Jun 5, 2024 0
Nigeria's government is launching a Compressed Natural Gas (CNG) initiative to reduce reliance on expensive petrol…
Business

Foreign airlines mull comeback as FG clears trapped funds

Jun 5, 2024 0
Foreign airlines are flocking back to Nigeria after the government cleared nearly all of their previously trapped…
Business

Minimum wage: Our 494k demand is not fixated – TUC president

Jun 5, 2024 0
Nigeria's five-day-old labor strike protesting low wages has been called off to allow for continued negotiations…
Local

Naira remains calm across FX markets dollar sales rise by 94.46%

Jun 5, 2024 0
Nigeria's naira remained relatively stable on Tuesday across both official and unofficial foreign exchange…
Business

Fitch Ratings sees naira settling at 1450/$ by December

Jun 5, 2024 0
Fitch Ratings, an international credit agency, forecasts the Nigerian naira to end 2024 at 1450 per dollar. They…
Business

Oil investors wrestle 20 agencies in dollar-starved Nigeria

Jun 5, 2024 0
Nigeria's oil and gas sector, despite boasting Africa's largest oil reserves, is struggling to attract investment…
Business

Minimum Wage Talks Paused for Further Consultation

Jun 5, 2024 0
Nigeria's tripartite committee tasked with negotiating a new minimum wage has temporarily halted discussions to…
Local

Customs intercept N96m marijuana along Lagos Bar Beach

Jun 5, 2024 0
Nigerian Customs officers intercepted a large shipment of cannabis sativa worth an estimated N96 million during a…
Business

FG to Mandate Oil Sales to Dangote Refinery

Jun 5, 2024 0
Nigeria's oil regulator, NUPRC, is stepping in to ensure international oil companies (IOCs) supply crude oil to…
Commodities

CNG will reduce petrol imports by $4.4bn–FG

Jun 5, 2024 0
Nigeria is making a strong push to transition towards Compressed Natural Gas (CNG) as a transportation fuel. The…
Trade

Nigeria loses N149bn to one-day oil workers strike

Jun 5, 2024 0
Nigeria's oil production was significantly disrupted due to a nationwide strike by oil workers protesting the…
Africa

Global unemployment declines, says ILO

Jun 5, 2024 0
The International Labour Organization (ILO) predicts a small decline in global unemployment for 2024, reaching…
Business

Atlanta Black Chambers names Nigerian spokesman

Jun 5, 2024 0
The Atlanta Black Chambers (ABC), a prominent organization supporting Black-owned businesses, has appointed Samuel…
Local

Nigerian Pension Provider Launches AI Chatbot for Improved Customer Experience

Jun 5, 2024 0
Veritas Glanvills Pensions Limited (VG Pensions) has introduced an innovative customer service solution - an…
Business

Passengers Report Stolen Belongings on Air Peace Flight

Jun 5, 2024 0
Several passengers on a recent Abuja-bound Air Peace flight claim their belongings went missing during the trip. A…
Business

EU aviation regulator to allow FAA to observe its plane audits

Jun 4, 2024 0
European aviation regulators are proposing a new level of cooperation with their American counterparts. The…
Business

US farmers opt for soy to limit losses as all crop prices slump

Jun 4, 2024 0
Illinois farmers like Mark Tuttle are planting more soybeans and less corn this year in a desperate attempt to…
Business

U.S. job openings drop in April, as labor market cools

Jun 4, 2024 0
The U.S. job market appears to be cooling down, with job openings dropping to a three-year low in April. This…
Business

Chinese security firm Nuctech challenges EU raids over alleged subsidies

Jun 4, 2024 0
Nuctech, a Chinese company manufacturing security scanners, is suing the European Commission after its offices…
Business

Boeing’s Calhoun says board will decide his successor

Jun 4, 2024 0
Boeing's outgoing CEO David Calhoun is stepping down by the end of the year. The board is actively searching for…
Business

Toyota Recalls Over 100,000 Vehicles Due to Potential Engine Stall

Jun 4, 2024 0
Attention Toyota and Lexus owners! There's a recall on certain 2022-2023 Tundra pickup trucks and LX 600 SUVs…
Business

Paramount Global’s top execs detail restructuring plan; shares fall

Jun 4, 2024 0
Paramount Global is undergoing a major shakeup. Facing declining revenue from traditional television and a…
Business

Flour Mills revenue hits N2.3tn

Jun 4, 2024 0
Flour Mills of Nigeria (FMN), a leading food and agro-allied company in Nigeria, announced impressive financial…
Business

UK dedicated to maximising trading scheme uptake – Envoy

Jun 4, 2024 0
The British government is eager to leverage a trade scheme designed to benefit developing countries like Nigeria.…
Local

Tax reforms committee proposes daily sharing of FAAC funds

Jun 4, 2024 0
The federal government has approved a new policy exempting small businesses from withholding tax. This means…
Business

Shutting Down Of National Grid Is Treasonable Felony – Group

Jun 4, 2024 0
The Centre for Social and Economic Rights (CSER), a Nigerian civil society organization, has strongly condemned…
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NIGERIA

Business

Nigerian Crude Soars in March as Bonny Light Commands Premium Amid Geopolitical Tensions

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investment

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World

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

Oct 3, 2024

Walz, Vance clash at policy-heavy vice presidential debate

Oct 2, 2024

Refugees Contribute $124b To U.S. Economy

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