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TotalEnergies’ Akpo West Field to Increase Output
Nigeria is poised to witness a rise in condensate production by 14,000 barrels per day, following the commencement!-->…
Customs Forecasts Revenue Surpassing N5.079 Trillion
The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the!-->…
NNPCL SpendS N267 Billion To Curb Insecurity
The Nigerian National Petroleum Company Limited (NNPCL) reportedly allocated a substantial N267.98 billion for!-->…
Benin Republic’s Dollar Bond Oversubscribed, Raises $750m
Benin Republic successfully issued its first-ever dollar-denominated bond, raising a substantial $750 million. The!-->…
Tullow Oil To Plan Temporary Halt in Ghana Drilling Operations
Tullow Oil, in collaboration with its Joint Venture Partners, is gearing up for a temporary suspension of drilling!-->…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in!-->…
Nigerians’ Foreign Expenditure Hits $98 Billion in a Decade
According to recent data released by the Central Bank of Nigeria (CBN), Nigerians have spent over $98 billion on!-->…
Cadbury Nigeria Records N8.397 bn Operating Profit- Reports
Cadbury Nigeria Plc has disclosed a remarkable operating profit of N8.397 billion for the full year ending!-->…
Nigeria’s Inflation to Decline by 21.4% by 2024- CBN
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), projected a drop in Nigeria's inflationary!-->…
Meta to Detect AI Tech Across Facebook and Instagram
Meta, the parent company of Facebook, announces its intention to roll out technology capable of detecting and!-->…
Trump to Impose Higher Tariffs on Chinese Goods if Re-elected
Former US president Donald Trump has declared his intention to levy additional tariffs on Chinese goods exceeding!-->…
Businesses Deem Bank of Ghana’s Monetary Policy Insufficient
Businesses have expressed dissatisfaction with the Bank of Ghana's (BoG) 100 basis point reduction in the monetary!-->…
UBA Appoints new CEOs in Kenya and Sierra Leone
United Bank for Africa (UBA) Plc has announced the appointments of Mary Mulili and Mohamed Alhajie Samoura as the!-->…
Airtel Africa Plans $100 million Share Buyback
Airtel Africa Plc has unveiled its intention to repurchase up to $100 million worth of its shares, underscoring!-->…
IFC’s Invests $2 Billion Across Sectors in Nigeria
Sergio Pimenta, the Regional Vice President for Africa at the International Finance Corporation (IFC), revealed!-->…
Dollar Supply Surges, Naira Closes Week at N1435.53/$
In the official foreign exchange market, dollar supply witnessed a significant increase, rising by 180.59 percent!-->…
Neveah Ltd Redeems N2.92bn Commercial Papers
Neveah Limited, a commodity trading company specializing in solid minerals and agricultural products, has!-->…
NGX Regulation, IFRS, and FRC Nigeria Commits to Sustainability Reporting
The NGX Regulation Limited, IFRS Foundation, and Financial Reporting Council of Nigeria have reaffirmed their!-->…
Ghana Cabinet Withdraws 15% VAT on Electricity
The Ghanaian Cabinet has decided to retract the 15% Value Added Tax (VAT) on electricity in response to widespread!-->…
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of!-->…
Iraq Bans Eight Local Banks from U.S. Dollar Transactions
Iraq has implemented a ban on eight local commercial banks from conducting U.S. dollar transactions as part of!-->…
Shell PLC Returns $23bn to Shareholders
Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23!-->…
CBN Sets $1m Minimum Share Capital Requirement for IMTOs
The revised guidelines for the operation of IMTOs, officially released via the CBN's website and signed by Dr.!-->…
Bullish Trading on Stock Market, Gaining N902bn
The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion.
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Banks Rush to Sell Excess FX Holdings Ahead of CBN Deadline
Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to offload their surplus!-->…
FBN Holdings Reports N309bn Profit
FBN Holdings, in its Unaudited Consolidated Financial Statements for the period ended December 31, 2023, announced!-->…
Google Launches Advanced AI Model in Nigeria
Google has unveiled its most advanced Artificial Intelligence model, Gemini Pro, in Nigeria on Thursday.
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Dangote Refinery: NIMASA Foresees Revenue Decline
The Nigerian Maritime Administration and Safety Agency (NIMASA) has projected a decrease in revenue following the!-->…
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
In a bid to stabilize Nigeria's volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit!-->…
Femi Otedola Appointed Chairman of FBN Holdings
FBN Holdings, the parent company of First Bank of Nigeria, has appointed billionaire businessman and investor Femi!-->…