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Dangote Refinery slashes diesel, aviation fuel prices to N940 and N980…
Yesterday, the $20 billion Dangote Petroleum Refinery announced further reductions in the prices of diesel and!-->…
Naira depreciates against Dollar, hits N1,234 at official market
The value of the Nigerian naira dropped against the United States dollar, reaching N1,234 at the official foreign!-->…
Sterling, FCMB, Stanbic see biggest jump in FX gain
While big banks grabbed attention for foreign exchange gains last year, Sterling Financial Holdings Plc, FCMB!-->…
Naira gains to N1,250/$ after CBN sells fresh dollars to BDCs
The Central Bank of Nigeria (CBN) has initiated another round of discounted dollar sales directly to Bureau De!-->…
NNPC resume crude oil production at Awoba field after shutdown
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner, Newcross Exploration!-->…
Turkey to commence oil drilling in Somalia from 2025
Somalia has announced that Turkey will begin oil drilling operations along the country's extensive coastline!-->…
Microsoft introduces smaller AI model
Microsoft (MSFT.O) unveiled Phi-3-mini, a cost-effective small language artificial intelligence model aimed at!-->…
Nigeria eyes $30bn from debut forex bond
Nigeria is getting ready to borrow money from international investors by selling its first foreign currency bond.!-->…
Stable Naira appreciation expected to ease Inflation
Analysts predict that the recent stability in Nigeria's foreign exchange market, along with the strengthening of!-->…
Dangote diesel supply to displace European imports
BusinessDay's investigation reveals that the Dangote oil refinery's diesel supply is set to replace the!-->…
Massive banking stocks sell-off persists
The banking sector witnessed a significant sell-off last week ahead of the Central Bank of Nigeria's (CBN)!-->…
Aviation threatens strike over aviation agencies’ revenue deduction
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) has issued a threat of industrial action!-->…
Afriland Properties records 34% increase in profit
Afriland Properties Plc, a property management, investment, and development company, has reported a profit before!-->…
Sub-Saharan Africa incomes falling further behind rest of world, says IMF
The International Monetary Fund (IMF) has highlighted that incomes in Sub-Saharan Africa are falling further!-->…
Risk sensitive South African rand weakens as geopolitical tensions bite
South Africa's rand experienced volatility in early Friday trading following reports of an Israeli attack on Iran,!-->…
Ghana deal with bondholders ‘a matter of time’, says IMF official
An IMF official stated that Ghana reaching a restructuring agreement with holders of its international bonds is!-->…
Report shows FG may criminalise fiber cable damage -Report
Nigeria is taking steps to make it a crime to damage broadband fiber cables following complaints from major!-->…
SEC vows to block illicit funds in capital market
The Securities and Exchange Commission (SEC) is taking a firm stance against the influx of illicit funds into the!-->…
Banks set for aggressive dividend payouts- Report
A report by Ernst and Young Global Limited (EY) suggests that Nigerian banks are gearing up for robust dividend!-->…
Nigeria issues N8 trillion in securities to boost economy- Minister
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, revealed that the fiscal!-->…
Rising unemployment make Nigerians tap into pension savings
As unemployment rates climb in Nigeria, pension savings have become a vital source of immediate financial support!-->…
Binance collaborates with gov over detention of executives
The Economic and Financial Crimes Commission (EFCC) of Nigeria is prosecuting Binance for alleged money laundering!-->…
Ecobank repays $500 million eurobond
Ayo Adepoju, Group Chief Financial Officer of ETI, highlighted that the Eurobond, issued in April 2019, received!-->…
Paddy prices begin to decline
Over the past three years, the cost of paddy ranged from N9,000 to N20,000 per 100kg bag, influenced by factors!-->…
Google fires 28 employees after protest over Israeli contract
Google has terminated the employment of 28 employees following a sit-down protest organized by the group "No Tech!-->…
Dangote Refinery utilizes cheaper US oil imports- reports
The Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, is capitalizing on cheaper oil imports!-->…
CBN tightens monetary policy, limits banks’ ability to lend
In Nigeria, the Central Bank (CBN) is taking steps to control inflation by tightening its monetary policy, but!-->…
Tinubu applauds Dangote Group for diesel price reduction
President Bola Tinubu has praised Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil!-->…
Tariff increase to worsen economic instability — private sector
The Organised Private Sector (OPSN), composed of prominent Business Membership Organisations (BMOs), has raised!-->…
Data shows CBN not defending naira with FX reserves
Recent data from FMDQ Securities Exchange reveals that the Central Bank of Nigeria (CBN) has conducted rare!-->…