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Business
NNPCL to Stop Importing Petroleum in August.
The Nigerian National Petroleum Company (NNPCL) has stated that it would reduce its imports of Premium Motor…
Marketers Struggle to Get N10 billion for New Purchases of Fuel.
The Nigerian National Petroleum Company Limited has a new financial need of around N10 billion to cover the cost…
Marketers Claim that Subsidy Removal has Increased Depot Gasoline Prices.
Since May 29 when subsidies were formally eliminated, gas prices at the pump have climbed by more than 100%. On…
World Bank: Nigeria’s Economic Expansion is too Sluggish to Combat Poverty.
The World Bank issued a warning Monday, stating that Nigeria's economic expansion is too sluggish to deal with the…
Exposure of Nigerian Banks to $13 billion Eurobond for Ghana Set at $1.7 Billion.
According to a research published by Agusto &Co, Nigerian banks have a significant amount of exposure to the…
Nigeria’s BUA Receives $500 million to Build New Cement Lines.
The International Finance Corporation (IFC) and other lenders have provided $500 million in finance to Nigeria's…
With the acquisition of Africa Matters Limited, J.S. Held expands its strategic…
The international consulting firm J.S. Held announced the acquisition of Africa Matters Limited, a strategic…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND…
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice…
Stakeholders Criticize the FG Regarding the $3.2 billion Project to Modernize…
Stakeholders in the nation's marine sector have criticized the Federal Government over the $3.2 billion Nigeria…
NBS: Due to Lack of FX, International Trade Falls by 2.6trillion.
The value of international commerce has decreased overall by N2.55 trillion as a result of decreasing exports from…
Restructuring of Ghanas’ Debt: Lowers Bank Earning Due to Increase in Loans.
Although Ghana may now breathe a sigh of relief after the IMF approved its $3 billion loan request, some Nigerian…
Market expansion and diversification will lead to growth.
In an effort to increase wealth for investors and residents as well as spur economic progress, the Securities and…
The SEC takes Action to Monitor Capital Market Delisting.
The Securities and Exchange Commission has stated that it is prepared to address and resolve the issues that lead…
NNPC will stop using crude swaps and focus on cash payments for imported gasoline.
The Nigerian National Petroleum Company Limited (NNPC) plans to stop using crude oil swaps in favor of cash…
As Saudi Arabia Reduces Production, OPEC Increases Nigeria’s Oil Supply.
On Sunday, OPEC+ members and non-members agreed to reduce crude oil production levels in order to maintain the…
FG Approves Nigerdock’s Multi-Billion Dollar Snake Island Port Expansion.
The federal government has given the go-ahead to Nigerdock, a service provider to the offshore oil and gas…
NCAA Stakeholders Call for a 50% Energy Transformation.
Aviation stakeholders have urged the Nigerian Civil Aviation Authority to start working with other industry…
Amethis completes a second transaction for the Africa Europe Expansion Fund.
The first Amethis Europe Expansion close has been announced by Amethis and Edmond de Rothschild Private Equity.…
Nestlé Announces a New Board Chairman.
Mr. Gbenga Oyebode has been chosen by Nestlé Nigeria Plc to serve as the new chairman of its board of directors.…
LCCI Tells Tinubu to Address Budgetary Shortfalls and Ineffective Monetary Policy.
The Lagos Chamber of Commerce and Industry (LCCI) has directed the administration of President Bola Tinubu to…
Domestic NGX trades decline by 45%, according to report.
Domestic trading volume on the Nigerian Exchange Limited has decreased from N3.556 trillion in 2007 to N1.945 …
NIMET Alerts the Public to a Fake Recruitment Website.
The Nigerian Meteorological Agency has released a disclaimer informing the public that no recruitment efforts have…
Kenya Reignites African Nations’ Push to Abandon the Dollar.
President William Ruto has challenged African leaders to take the first steps toward abandoning the…
Arla Foods Opens a New Facility to Increase Milk Output.
Arla Foods, the creator of Dano Milk, has announced the opening of a cutting-edge dairy farm in Kaduna State as…
FGN Savings Bond Reaches N5 billion in Five Months – NGX.
According to Nigerian Exchange Limited, overall allotments for FGN Savings Bonds have increased to N5.06 billion…
House of Rep Increase the Cap on CBN Loans.
Despite opposition, the House of Representatives passed an amendment to the Central Bank of Nigeria Act, boosting…
NBET and Transcorp Sign 726MW Power Purchase Agreement.
Transcorp Power, the mother company of TransAfam Power Plant Ltd, and Nigerian Bulk Electricity Trading (NBET)…
Rate Hike: Expect increased prices, say MAN and NECA, warning the CBN.
According to the Manufacturers Association of Nigeria and the Nigeria Employers' Consultative Association, the…
Kano Gold Souk will draw more international investors – FG.
The Permanent Secretary of the Federal Ministry of Mines and Steel Development, Dr Oluwatoyin Akinlade, has…
NNPCL, CNOOC, and SAPETRO renew oil production contracts in OML 130.
The Nigerian National Petroleum Company Limited announced the renewal of the Oil Mining Lease 130 Production…