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The NDDC acknowledges the Senate for adopting the N876 billion budget.
The Niger Delta Development Commission has praised the House of Representatives for clearing the commission's N876…
Shareholders of Access Holdings Approve N1.30 Final Dividend and Growth Expansion.
The shareholders of Access Holdings Plc approved the management's final dividend payout of N1.30 at the…
Berger shareholders have approved N202 million in dividends.
Shareholders of Berger Paints of Nigeria Plc, a maker of paints and allied goods, have approved the payment of…
OPEC chief warns that global oil output is decreasing.
Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries, has warned that world…
The NDIC will auction the assets of failed banks and reimburse clients.
Following the Central Bank of Nigeria's cancellation of licenses for 179 microfinance institutions and four…
GDP fell to 2.3% in Q1 due to cash shortage, according to the NBS.
Cash shortages created by the Central Bank of Nigeria's naira redesign policy have driven Nigeria's GDP growth…
CBN’s external reserves have fallen by $1.5 billion in four months.
According to information received from the Central Bank of Nigeria, the country's external reserves declined by…
The CBN cancels the licenses of 179 microfinance banks and others.
The Central Bank of Nigeria has cancelled the licenses of 179 microfinance banks, four primary mortgage banks, and…
Aviation stakeholders want the 40% TSA deduction reviewed.
Aviation stakeholders have demanded that the requirement that 40% of aviation agencies' earnings be paid into the…
Report: foreign airlines earned $1.1 billion in Nigeria in 2022.
Despite difficulties with foreign exchange, foreign airlines operating in Nigeria made almost $1.1 billion in…
Venture Fund-of-Funds for SA SME Holds First Close, Exceeding Target.
The R1 billion Venture Capital Fund of Funds (VC FoF), a partnership between government and business aimed at…
RMB Ventures purchases a sizeable minority share in a mining services provider.
RMB Ventures announces a strategic equity investment in Mafika Engineering, a major provider of mining services.…
The acquisition of a South African tech company is being driven by Infinite…
A group of private equity investors led by independent private equity fund manager Infinite Partners have agreed…
Breweries and the Tobacco Sector on the Verge of Disaster.
According to Dike Onwuamaeze, businesspeople and economists have expressed concern that the 2023 Fiscal Policy…
“Nigeria: $21 billion in revenue, 100,000 jobs coming from our…
President Buhari opened the refinery at Ibeju-Lekki, Lagos, and Dangote, said its products "will be in the market…
Report: Nestle Borrowings Rise to N155bn.
At the end of the 2022 fiscal year, Nestle Nigeria Plc's total interest-bearing obligations increased by 102.05…
Nigeria receives 30% of all FDI in Africa, according to NITDA.
Nearly 30% of Africa's foreign direct investment, according to Kashifu Inuwa, Director General of the National…
NGX Sanctions PZ and 17 Others for Filing Results for 2022 Late.
18 listed firms were penalised N34.72 million by the Nigerian Exchange Limited (NGX) for submitting their…
Neimeth plans to expand its base.
The two significant capital initiatives Neimeth International Pharmaceuticals Plc has started are intended to…
Assets Surge by 39% for BoI.
The Bank of Industry said its asset base rose from N1.71tn to N2.38tn in 2022 financial year - The Chairman, Board…
Dangote Refinery kicks off, processing crude from three continents.
In order to process crude oil grades from the three continents of Africa, Asia, and America, the 650,000 barrels…
Nestle’s profit is eroded by higher finance costs.
Nestle Nigeria Plc reported a 16.1% increase in first-quarter revenue to N127.97 billion (Q1) ended March 31, 2023…
Dangote Cement, MTN, and Others’ OPEX Reached N1.01 Trillion in Q1 as…
Due to double-digit inflation, a foreign exchange shortage made worse by the general elections, and the slow…
Oil prices stay constant as US reserves increase.
Brent crude increased 2 cents, or 0.7%, to $74.42 a barrel on the futures market. The price of West Texas…
ETI Shareholders Approve Exercise to Raise $500 Million in Capital.
The resolution authorizing the issuance of additional Tier 1 and Tier 2 qualifying subordinated debt as well as…
The appeals court suspends the Seplat board’s order.
The Abuja-based Court of Appeal has overturned a ruling that prevented the Board of Directors of Seplat Energy…
Port operators contributes $440 million to Apapa ports.
According to APM Terminals, it has invested about $440 million in the Apapa ports since the port concession in…
The Senate has approved the N876 billion NDDC 2023 budget.
The Niger Delta Development Commission (NDDC) budget for 2023 was approved by the Senate, reaching N876 billion. A…
RT200 Increases Non-Oil Exports.
In an effort to boost non-oil foreign exchange earnings in the country, the Central Bank of Nigeria (CBN) launched…
Manufacturers have threatened to go on strike in response to an increase in excise…
According to the Manufacturers Association of Nigeria, the recent rise in excise duty on beverage and tobacco…