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DMO opens September bonds offer with 18.2% interest
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched its September 2024…
UK’s Aviva conspired to dodge India compensation and tax rules, agency says
The Indian tax agency has accused British insurer Aviva of breaching local regulations on sales commissions…
Oil prices face pressure from slow China demand and inventory rise
Oil price forecasts for 2024 have been downgraded due to weak fuel demand from China, the world's top importer,…
Manufacturing grows by 1.28%
In the second quarter of 2024, Nigeria's manufacturing sector recorded a year-on-year growth of 1.28%, according…
OVH Acquisition: CAC dissolves NNPC retail, Nueoil
The Corporate Affairs Commission (CAC) has dissolved NNPC Retail, the downstream arm of the Nigerian National…
NCC uncovers 100,000 SIM cards linked to one individual
The Nigerian Communications Commission (NCC) has uncovered a shocking case where over 100,000 Subscriber…
NNPC absorbing actual costs of petroleum products, says Tonye Cole
Tonye Cole, co-founder of Sahara Group, has highlighted the significant pressure on the Nigerian National…
Concerns as Emirates opens ticket booking in dollars
Stakeholders in Nigeria’s travel industry have expressed concern over Emirates' decision to price tickets on…
Africa’s poverty is man-made, not an act of God – Obasanjo
Former Nigerian President Olusegun Obasanjo recently highlighted the man-made nature of poverty in Africa,…
NUPRC rejects Shell’s $1.3bn onshore asset sale to Renaissance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reportedly rejected Shell International Plc's…
Birkenstock misses profit estimates as expansion plan hits margins
Birkenstock missed quarterly profit expectations, with its shares dropping 12% in premarket trading.
The…
China will not impose anti-dumping measures on EU brandy, for now
Beijing has decided not to impose provisional tariffs on European Union brandy despite finding that it was sold…
Exclusive: US government funding yielded hundreds of patents for China-based…
Research funded by the U.S. Defense Department, NASA, and other government agencies has resulted in over 1,000…
Aviation minister signs MoU with Boeing to facilitate aircraft acquisition
Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, signed a strategic Memorandum of…
Nigerian oil grades maintain premium status, Cast light on economy
Nigeria's Brass River, Bonny Light, and Qua Iboe crude oils have surged above the Brent Crude benchmark due to…
Nigeria, Benin Republic open dry port trade office in Kano
Nigeria and Benin Republic have jointly opened the Tsamiya Dry Port Trade Office in Kano State to enhance regional…
Elumelu: Tenure limit for bank CEOs inspired Heirs Holdings formation
Tony Elumelu, Chairman of Heirs Holdings Group, revealed that the Central Bank of Nigeria’s (CBN) 2010 policy…
Gas suppliers seek end to multiple taxation
The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has called on the Federal Government to tackle…
NEPC reports $2.7bn in non-oil exports half year 2024
Nigeria's non-oil exports generated $2.7 billion in the first half of 2024, reflecting a 6.26% increase from the…
TGI Foods SPV launches N25bn commercial papers
TGI SPV Plc, a special purpose vehicle created by Tropical General Investments Group, has launched N25 billion in…
Without structural gaps, Nigeria’s GDP will grow by 5% – IMF
*The International Monetary Fund (IMF) stated that Nigeria's economy, currently growing at 3.19%, could reach a 5%…
External auditors to examine NNPC N2.6tn subsidy claim
The Federal Government of Nigeria is set to hire an external auditor to verify the N2.7 trillion fuel subsidy…
Reps promises to pass bill on electricity theft
The Chairman of the House of Representatives Committee on Privatisation and Commercialisation, Hamisu Ibrahim,…
AMCON set to sell Ibadan Disco
The Assets Management Corporation of Nigeria (AMCON) plans to sell the Ibadan Electricity Distribution Company…
Recapitalisation: ASHON accuses banks of sidelining stockbrokers
The Association of Securities Dealing Houses of Nigeria (ASHON) has accused banks of bypassing licensed…
Zuckerberg says Biden administration pressured Meta to censor COVID-19 content
Meta CEO Mark Zuckerberg has stated that senior officials from the Biden administration pressured his company to…
Canada to impose 100% tariff on Chinese EVs, including Teslas
Canada has announced plans to impose a 100% tariff on imports of Chinese electric vehicles (EVs) and a 25% tariff…
Divestment of NAOC to Oando in line with PIA, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the recent approvals for Nigerian…
Africa Prudential grows profit by 87% to N1.1b in first half
Africa Prudential Plc has reported an impressive 87% increase in profit for the first half of 2024, reaching N1.13…
Richway Microfinance Bank Receives DBN’s Award for Highest Impact on…
Richway Microfinance Bank has been honored with the 2023 Award for Microfinance Bank with the Highest Impact on…