TotalEnergies’ Akpo West Field to Increase Output
Nigeria is poised to witness a rise in condensate production by 14,000 barrels per day, following the commencement of operations…
Category: Business
Customs Forecasts Revenue Surpassing N5.079 Trillion
The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the Service’s ability to exceed its…
NNPCL SpendS N267 Billion To Curb Insecurity
The Nigerian National Petroleum Company Limited (NNPCL) reportedly allocated a substantial N267.98 billion for security expenses over 16 months, reflecting…
Benin Republic’s Dollar Bond Oversubscribed, Raises $750m
Benin Republic successfully issued its first-ever dollar-denominated bond, raising a substantial $750 million. The bond offering witnessed overwhelming investor interest,…
Tullow Oil To Plan Temporary Halt in Ghana Drilling Operations
Tullow Oil, in collaboration with its Joint Venture Partners, is gearing up for a temporary suspension of drilling operations in…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in foreign exchange transactions, as revealed…
Nigerians’ Foreign Expenditure Hits $98 Billion in a Decade
According to recent data released by the Central Bank of Nigeria (CBN), Nigerians have spent over $98 billion on foreign…
Nigeria’s Inflation to Decline by 21.4% by 2024- CBN
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), projected a drop in Nigeria’s inflationary pressure from…
Meta to Detect AI Tech Across Facebook and Instagram
Meta, the parent company of Facebook, announces its intention to roll out technology capable of detecting and labeling images produced…
Trump to Impose Higher Tariffs on Chinese Goods if Re-elected
Former US president Donald Trump has declared his intention to levy additional tariffs on Chinese goods exceeding 60% if he…
Businesses Deem Bank of Ghana’s Monetary Policy Insufficient
Businesses have expressed dissatisfaction with the Bank of Ghana’s (BoG) 100 basis point reduction in the monetary policy rate, lowering…
Airtel Africa Plans $100 million Share Buyback
Airtel Africa Plc has unveiled its intention to repurchase up to $100 million worth of its shares, underscoring confidence in…
IFC’s Invests $2 Billion Across Sectors in Nigeria
Sergio Pimenta, the Regional Vice President for Africa at the International Finance Corporation (IFC), revealed that the institution’s investments in…
Neveah Ltd Redeems N2.92bn Commercial Papers
Neveah Limited, a commodity trading company specializing in solid minerals and agricultural products, has fulfilled its obligation by redeeming the…
NGX Regulation, IFRS, and FRC Nigeria Commits to Sustainability Reporting
The NGX Regulation Limited, IFRS Foundation, and Financial Reporting Council of Nigeria have reaffirmed their dedication to promoting sustainability reporting…
Ghana Cabinet Withdraws 15% VAT on Electricity
The Ghanaian Cabinet has decided to retract the 15% Value Added Tax (VAT) on electricity in response to widespread public…
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of 2,500 metric tonnes of cocoa…
Shell PLC Returns $23bn to Shareholders
Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23 billion to…
Banks Rush to Sell Excess FX Holdings Ahead of CBN Deadline
Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to offload their surplus foreign exchange…
FBN Holdings Reports N309bn Profit
FBN Holdings, in its Unaudited Consolidated Financial Statements for the period ended December 31, 2023, announced a substantial profit of…
Google Launches Advanced AI Model in Nigeria
Google has unveiled its most advanced Artificial Intelligence model, Gemini Pro, in Nigeria on Thursday. Gemini Pro represents an enhanced…
Dangote Refinery: NIMASA Foresees Revenue Decline
The Nigerian Maritime Administration and Safety Agency (NIMASA) has projected a decrease in revenue following the commencement of operations by…
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks…
