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Oando hails regulators for taking crucial decisions to improve energy sector
Oando Plc, Nigeria's top integrated energy company listed on the Nigerian Exchange and Johannesburg Stock!-->…
Nigeria Customs Service Wins Golden World Award for Crisis Communication
The Nigeria Customs Service (NCS) has been honored with the prestigious Golden World Award (GWA) for Crisis!-->…
Nigeria still borrowing amid high debt costs
Nigeria's engagement with the global debt market continues to thrive, according to the International Monetary Fund!-->…
Business Journal summit to highlight insurance’s role in economic growth
The Business Journal Annual Lecture 2024 is set to highlight the critical role of the insurance industry in!-->…
UBA grows profit by 20% to N603bn
United Bank for Africa (UBA) Plc announced a 20.2% rise in profit before tax (PBT) for the third quarter of 2024,!-->…
MTN Nigeria Urges Telecom Sector Reforms Amid Mounting Financial Pressures
MTN Nigeria's CEO, Karl Toriola, has highlighted the urgent need for the telecommunications industry to return to!-->…
Nigeria stops Cooking Gas Exports to Address Rising Domestic Prices
The Nigerian government has announced a suspension of the export of Liquefied Petroleum Gas (LPG) to prioritize!-->…
Cardoso canvasses more skilled finance graduates
Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has emphasized the need to address the shortage of skilled!-->…
Inflation Leads To Manufacturers Collapse And Out Of Jobs
Nigeria's manufacturing sector is grappling with severe challenges, including rising energy costs, aggressive!-->…
Cooking gas price rises by 114% in 16 months
Since June 2023, the price of Liquefied Petroleum Gas (LPG) in Nigeria has surged by over 114%, climbing from!-->…
Petrol marketers import 123m litres, continue talks with Dangote
Between October 18 and October 20, 2024, four vessels carrying a total of 123.4 million litres of Premium Motor!-->…
Fuel, FX subsidies gone – Finance Minister, Edun shares update on Nigerian Economy
The Nigerian government has officially ended its fuel and foreign exchange (FX) subsidies, according to Finance!-->…
FG plans N1.1bn private sector funding in power sector
The Nigerian government, through the Rural Electrification Agency (REA), plans to leverage N1.1 billion in private!-->…
Seven Oil Companies Set Up Facilities For Aviation Fuel At Lagos
A consortium of seven oil companies, including Eterna Plc and Techno Oil, has commissioned the Joint User Hydrant!-->…
Maritime Workers Union Threatens Strike Over Unpaid Salaries
The Maritime Workers Union of Nigeria (MWUN) has issued a stern warning to the Council for the Regulation of!-->!-->!-->…
$1trn Economy: Analyst advises FG to create structures to meet expected target
As Nigeria strives to achieve a $1 trillion economy by 2030, financial analyst Dr. Afolabi Olowookere emphasized!-->…
Low Pension Fund Investment in Infrastructure Reflects Unattractive Market and…
Despite Nigeria's significant infrastructure deficit, pension fund investments in the sector remain around one!-->…
CBN verifying disputed $2.4bn FX claims – Cardoso
The Central Bank of Nigeria (CBN) has launched a re-validation process to address complaints from manufacturers!-->…
Federal High Court Extends Freeze on 818 Bank Accounts Linked to N10 Billion…
The Federal High Court in Abuja has extended the freezing of 818 bank accounts connected to a N10 billion!-->…
Banks refund N7.05bn, $714,569 to customers – CBN
The Central Bank of Nigeria (CBN) has announced that, through its intervention, Nigerian banks refunded!-->…
High petrol price pushes inflation to 32.70% – Report
Nigeria’s headline inflation rate rose to 32.7% in September 2024, marking a marginal increase of 0.55% from!-->…
Employers remit N692bn pension contribution – PenCom
In the first half of 2024, employers across Nigeria's public and private sectors contributed a total of N692!-->…
Stanbic IBTC Holdings appoints Kunle Adedeji as Acting Chief Executive
Stanbic IBTC Holdings has appointed Dr. Kunle Adedeji as Acting Chief Executive Officer, following regulatory!-->…
FG removes VAT on diesel, CNG, electric vehicles, others to crash prices
The Federal Government of Nigeria has announced value-added tax (VAT) exemptions for several energy products,!-->…
Saudi warns of $50 oil if OPEC+ fails to honour cut deal
Saudi Arabia, the leading member of the OPEC+ alliance, has warned that global oil prices could drop to $50 per!-->…
Nigeria’s FX crisis fuels crypto usage as transactions hit $59bn
Cryptocurrency usage in Nigeria continues to grow rapidly, fueled by a weakening national currency and high!-->…
Court hears Barbican, FBN N5.4bn shares dispute Oct 21
A Federal High Court in Lagos has scheduled October 21, 2024, for the hearing of pending applications in a lawsuit!-->…
BOI disburses N77.56bn loans to MSMEs
The Bank of Industry (BOI) has disbursed N77.65 billion in loans to nearly 1,000 medium, small, and!-->…
Why FG is yet to approved fixed FX rate for Custom import duties — Taiwo Oyedele
The Nigerian government has explained why it cannot use a fixed exchange rate for import taxes, which are the fees!-->…
Oando Emerges First Nigerian IOC, Valuation Hits $4 Billion
Oando Plc, a leading Nigerian oil and gas company, has become Nigeria's first indigenous International Oil Company!-->…