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Nigeria Suffers $7 Billion Economic Damage from 2022 Floods
The Nigerian government has reported that the direct economic damage caused by floods in 2022 amounts to $7…
Nigeria’s Manufacturing Sector Faces Decline in Production Value
The Manufacturers Association of Nigeria (MAN) has reported a decline in the value of manufacturing production due…
Nigerian Banks Deposit N822.34 Billion with Central Bank Amid Excess Liquidity
Nigerian Deposit Money Banks (DMBs) deposited N822.34 billion with the Central Bank of Nigeria (CBN) in July 2023,…
Triodos Funds Support Bridge Taxi Finance to Empower South African Entrepreneurs
Triodos Microfinance Fund and Triodos Fair Share Fund have extended a USD 10 million loan to Bridge Taxi Finance…
Commercial Cold Holdings Expands with Acquisition of Sequence Logistics
Commercial Cold Holdings (CCH), a prominent cold chain logistics platform under the control of African…
Dangote Cement and BUA Cement’s Fuel and Power Costs Surge Amid Rising…
During the first half of 2023, Dangote Cement Plc and BUA Cement Plc collectively spent a substantial amount of…
Nigeria-Niger Trade Worth $226.34 Million at Risk Amid Border Closure
Trade worth approximately $226.34 million between Nigeria and Niger is under threat due to the recent closure of…
Completion Date of Nigeria’s 11,000 MW Power Project with Siemens Shifted to…
The timeline for the completion of the 11,000 megawatts (MW) power project, a collaboration between the Federal…
Nigeria Tops World Unemployment List with 33.3%, KPMG Predicts Further Rise
Nigeria has ranked as the country with the highest unemployment rate globally, according to recent statistics…
Seplat Energy Records 10.21% Growth in Gas Revenue for H1 2023
Indigenous energy company, Seplat Energy Plc, reported a 10.21% increase in its gas revenue for the first half of…
SEC and Capital Market Community to Partner with Federal Ministry to Boost…
The Securities and Exchange Commission (SEC) and the Capital Market Community plan to collaborate with the Federal…
Abuja Chamber of Commerce Urges Swift Implementation of N125bn Grants for SMEs
The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to expedite the…
UK and Nigerian Exchanges Partner to Boost Dual Listings and Sustainable…
The United Kingdom's Foreign, Commonwealth, and Development Office (FCDO) have expressed their commitment to…
Technology and Transparency Lead to Significant Cost Reduction in Nigerian…
The Convention on Business Integrity (CBi) revealed that shipowners' operational costs in Nigeria have dropped by…
Nigerian Exchange Lists N130bn Sovereign Sukuk: A Boost to Infrastructure…
The Nigerian Exchange Limited (NGX) recently listed the Federal Government's N130bn sovereign Sukuk through the…
Bullish Trading Returns to Nigerian Exchange Limited, Investors Gain N41 Billion
After four days of bearish trading, the Nigerian Exchange Limited witnessed a return of bullish trading on…
Local Refining to Save N70 per Litre on Petrol Price, Say Oil Marketers
Oil marketers in Nigeria have stated that local refining of petroleum will reduce petrol prices by at least N70…
Nigerian Government Orders Digital Money Lenders to Prove Compliance or Face…
The Federal Competition and Consumer Protection Commission (FCCPC) has given digital money lenders a five-day…
Nigerian National Petroleum Company Emphasizes Gas Development for Affordable and…
The Nigerian National Petroleum Company Limited (NNPCL) plans to prioritize gas development and transportation…
Nigerian Upstream Petroleum Commission Workers Protest Unpaid Emoluments
Workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) staged a protest at the commission's…
Shell Nigeria Invites Rig Providers for Deepwater Drilling Project
Shell Nigeria Exploration and Production Company (SNEPCO) has extended an invitation to rig providers for a…
AMCON Recovers N1.6tn from Bad Debtors in 10 Years: Progress and Challenges in…
The Asset Management Corporation of Nigeria (AMCON) has revealed that it successfully recovered N1.6tn from bad…
Nigeria’s External Reserves Drop by $167.2m in July as Naira Weakens
In July, Nigeria's external reserves experienced a decline of $167.2 million, as the value of the naira…
Nigerian Cement Producers Face Challenges Amid Marginally Higher Profits
Three major cement-producing companies in Nigeria, including Dangote Cement, Lafarge Africa, and BUA Cement,…
Decline in Foreign Investments Impacts Nigeria’s Manufacturing Sector
Amidst an unfavorable business climate in Nigeria, foreign investments in the manufacturing sector saw a sharp…
Kasha Raises $21 Million in Series B Funding to Revolutionize Women’s Health…
As Africa's youth population grows, entrepreneurs are urged to develop healthcare solutions catering to the…
Nigerian Stock Market Records Modest Gain as Bullish Trend Slows
The Nigerian Exchange Limited witnessed a slowdown in bullish trading last week, resulting in a modest gain of N8…
Sukuk Bonds: N8.17bn Rental Payments Made in Q1 2023, Similar to Previous Year
The amount paid on rentals for Sukuk bonds in Q1 2023 was N8.17bn, which remained unchanged from the same period…
Currency in Circulation Surges to N2.6tn in June 2023, CBN Reports
Currency outside banks reached N2.26tn at the end of June 2023, a significant increase of 185.68% from N792.18bn…
Uniterm Nigeria Limited Seeks Winding Up of Oriental Energy Resources over $1.45…
Uniterm Nigeria Limited files a winding-up petition at the Federal High Court in Lagos against Oriental Energy…