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Business
Inflation: 67% of MSMEs report decline in demand for their products and services –…
A new report by Price Waterhouse Coopers shows that 67% of Nigerian Micro, Small, and Medium Enterprises (MSMEs)…
Nigeria’s crude oil production now 1.3mbpd – OPEC
Nigeria's average daily crude oil production saw a minor increase to 1.307 million barrels per day in July, as per…
Zenith Bank, Access, FBN Holdings, 7 others receive highest FX from CBN
The Central Bank of Nigeria (CBN) recently held a Retail Dutch Auction System (RDAS) to address the growing demand…
Popoola commends FCMB’s digital approach in N110.9bn public offer
The Group CEO of Nigeria Exchange Group (NGX), Temi Popoola, commended FCMB Group for its digital innovation in…
Currency devaluation threatens NGX’s leadership as Africa’s top stock market
The Nigerian Exchange Limited (NGX) started 2024 with strong performance, recording a 26.43% year-to-date return…
Arthur Eze’s Oranto Petroleum signs oil deal in Venezuela
Atlas Oranto Petroleum International Limited (AOPI) has expanded its global footprint by signing an oil…
Minister writes UK over Heathrow slot for Air Peace to avoid diplomatic row
Festus Keyamo, Nigeria's Minister of Aviation and Aerospace Development, has lodged a formal complaint with his…
Barbican Capital sues First Bank for wrongly stating shareholding
Barbican Capital Limited, the largest shareholder of FBN Holdings, has filed a lawsuit against the bank to address…
Nigeria’s debt service-to-revenue may return to 98% in 2 years, economist warns
Economist Paul Alaje criticized the Nigerian government’s simultaneous removal of petroleum subsidies and…
NASENI launches app for CNG conversion
The National Agency for Science and Engineering Infrastructure (NASENI) has introduced the MY-CNG App to…
NiMet’s air quality monitoring network in deplorable state
A recent audit conducted by the Nigerian Meteorological Agency (NiMet) has found its air quality monitoring…
Futures rise on dovish Fed comments after jobs data
U.S. stock futures advanced on Friday, buoyed by dovish comments from Federal Reserve officials and robust labor…
Global oil demand needs to rise faster to absorb OPEC+ hike
Global oil demand growth needs to accelerate in the coming months to absorb the increased supply that OPEC+ plans…
New CBN circular clarifies existing rule on certificate of capital importation for…
The Central Bank of Nigeria (CBN) has issued a new circular detailing the documentation required for foreign…
FG To Pay Julius Berger N280bn To Complete Abuja- Kano Highway
The Federal Government has allocated N20 billion each month to Julius Berger Plc for the dualization of an…
Egbin Power Gets 3 ISO Certifications
Egbin Power Plc, Nigeria's largest power generation company, has been awarded three ISO certifications: ISO…
NGX’s Boss Backs FCMB’s N110.9bn Capital Raise
Temi Popoola, Group CEO of the Nigerian Exchange Group (NGX), has commended FCMB Group for its successful capital…
Dangote refinery insists crude supply woes persist, blames NUPRC
Dangote Refinery, Africa’s largest oil refinery, has reiterated its struggle to secure sufficient crude oil…
Top mineral resources by African country – EIU
In recent years, the Gulf Cooperation Council (GCC) has increasingly turned its attention to Africa, recognizing…
New CBN circular clarifies existing rule on certificate of capital importation for…
The Central Bank of Nigeria (CBN) has issued a new circular detailing the documentation required for foreign…
Siemens profit beats market view on software but outlook remains guarded
Siemens reported better-than-expected quarterly earnings on Thursday, driven by strong demand for electricity…
Who is Tan Su Shan, Singapore bank DBS’s incoming CEO?
Tan Su Shan will take over as CEO of DBS Group from March, succeeding Piyush Gupta, who has led the bank for 14…
Net FX flows increase by 55% to $25.4 billion in six months – CBN
Net foreign exchange inflows in Nigeria rose to $25.4 billion from January to June 2024, a 55 percent increase…
Five-day internet disruption frustrates work from home
On August 1, 2024, Nigerians faced significant network downtime, which impacted internet speed and accessibility.…
Senate probes $1.5bn spent on rehabilitation of Port Harcourt refinery in 2021
The Nigerian Senate has raised concerns about the $1.5 billion allocated in 2021 for the maintenance of the Port…
Naira strengthens to 1596 as CBN sells most dollars under Cardoso
On August 7, 2024, the naira gained slightly in official trading due to a $876.26 million sale by the Central Bank…
Axxela, NNPC Gas Company Commission 5km Gas Pipeline
Axxela Limited, in collaboration with NNPC Gas Marketing Limited (NGML), has commissioned a 5km natural gas…
CBN eases FX pressure, sells $876.26m to end-users at N1,495/$
The Central Bank of Nigeria (CBN) has sold $876.26 million at a rate of N1,495 per dollar through a Retail Dutch…
IHS Towers, MTN renew lease
IHS Towers and MTN Nigeria have renewed their tower lease agreements for another eight years. The new deal extends…
Investors Rethink Japanese Multinationals Amid Yen Strength
The strengthening yen is prompting investors to reassess the prospects of Japanese multinational companies, which…