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Ransomware Attacks Increase by 7% in Nigeria in H1 2023, Kaspersky Reports
Kaspersky reports a 7% year-on-year increase in ransomware attacks in Nigeria during the first half of 2023.
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Crude Oil Reaches $84/Barrel, Fueling Speculations of Petrol Price Hike in Nigeria
Brent crude oil, the international benchmark, surged to $84/barrel on Wednesday, raising concerns about a possible…
High Demand for Risk-Free Investments Despite Negative Real Returns in Nigeria
Investors bid N384 billion worth of one-year treasury bills at a rate of 12.15%, but only N255 billion was…
Nigeria’s Debt Management Office Foresees Revenue Improvements Amidst Policy…
Nigeria's Debt Management Office (DMO) expects improvements in government revenues through the work of the…
Central Bank of Nigeria Reiterates Plan to Phase Out Old Currency Notes Gradually
The Central Bank of Nigeria (CBN) has restated its commitment to gradually replace the old N200, N500, and N1,000…
IMF Projects Decline in Nigeria’s Economic Growth due to Oil Sector Security…
The International Monetary Fund (IMF) has forecasted a decline in Nigeria's economic growth in 2023 and 2024,…
SAHCO Plc Reports Impressive Q2 2023 Performance with 215.60% Pre-tax Profit Surge
Skyway Aviation Handling Company (SAHCO) Plc's Q2 2023 unaudited results show a remarkable 215.60% increase in…
Experts Call for Government Interventions to Foster Technology Growth in Nigeria
During the 17th Annual Business Law Conference of the Nigerian Bar Association Section on Business Law (NBA-SBL)…
Nigeria’s Tin Can Island Port Command Reports 110.8% Growth in Non-Oil…
The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has achieved remarkable growth in non-oil…
Unilever Nigeria’s Q2 Profits Plummet Amid Rising Costs
Unaudited results for Q2 2023 show Unilever Nigeria's pre-tax profits fell by 72.95% to N169.9 million, with an…
Nigeria Data Protection Commission Urges Organizations to Register for Data…
The Nigeria Data Protection Commission (NDPC) has directed banks, telecom operators, educational institutions,…
AgroFresh Expands Freshness Solutions with Tessara Acquisition
AgroFresh Solutions, a global AgTech innovator specializing in post-harvest produce freshness, has announced the…
Scatec’s Release Secures USD 102 Million Funding to Accelerate Renewable…
Scatec's subsidiary, Release, has signed an agreement with Climate Fund Managers (CFM) to raise USD 102 million in…
Nigeria Signs Historic Agreement for Indigenous Floating LNG Project
The Nigerian National Petroleum Company Limited (NNPCL) and UTM Offshore Limited have entered into a significant…
Rising Cement Prices Threaten Building Standards in Nigeria’s Real Estate…
Operators in Nigeria's real estate sector have expressed concerns over the recent hike in prices of cement and…
NECA Raises Concerns Over Rising Inflation and Public Debt in Nigeria
The Nigeria's Employers Consultative Association (NECA) has voiced apprehension about the country's surging…
Nigerian Pension Assets Rise by N2tn in First Half of 2023
Assets under the Contributory Pension Scheme in Nigeria experienced a significant boost, surging by approximately…
Nigeria Advances Indigenous Floating LNG Project with Heads of Terms Agreement
In a significant move towards strengthening its energy sector and reducing carbon emissions, the Nigerian National…
Dangote Cement Repurchases N41.2 Billion Worth of Shares in Share Buyback Program
Dangote Cement Plc has bought back approximately N41.2 billion worth of its shares from open transactions at the…
Nigeria Needs Over 400,000 Data Protection Officers to Ensure Compliance with Data…
The Nigeria Data Protection Bureau (NDPB) has stated that Nigeria will require more than 400,000 Data Protection…
MANEG Collaborates with Key Stakeholders to Empower Non-Oil Exporters under AfCFTA
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has announced its collaboration with key…
ASEA and ECA Sign Memorandum of Understanding to Drive Financial Market…
The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA)…
Nigeria Customs Service to Review Automobile Levy Amidst Import Challenges
The acting Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, announced that the service would…
End of Downstream Monopoly: First Batch of Privately Imported Petrol Arrives in…
The first batch of petrol, consisting of 27 million litres, has been imported by an independent marketer, ending…
Federal High Court Orders Ecobank Nigeria to Pay Honeywell Flour Mills N72.2bn in…
The Federal High Court in Lagos has issued a ruling ordering Ecobank Nigeria to pay Honeywell Flour Mills the sum…
Fluctuating Fuel Prices Expected as Nigeria Deregulates Downstream Petroleum…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Nigerians should anticipate…
Nigerian Ports Authority Records Strong Revenue Growth in H1 2023
The Nigerian Ports Authority (NPA) reported robust performance in the first half of 2023, with 1,852 vessels…
Nigerian Point of Sale Operators Protest Against Increased Service Charges
Point of Sale (PoS) operators in Nigeria are protesting the implementation of increased service charges, which…
OPEC Petroleum Export Revenues Soar to a Nearly Decade High Amidst Geopolitical…
Petroleum export revenues from the Organization of the Petroleum Exporting Countries (OPEC) reached their highest…
Nigeria’s LNG Exports Dip Due to Flooding, Emerges as Seventh Global…
The International Gas Union (IGU) reported that Nigeria's Liquefied Natural Gas (LNG) export declined by 1.8…