NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Category: Business
Savannah Energy Reports a 26% Revenue Increase to $290.4 million.
Savannah unveiled its first renewable energy project, a 250 MW wind farm in Niger called Parc Eolien de la Tarka,…
Banks Continue to Maintain Ratio at Above 30% Despite Liquidity Crunch.
Deposit Money Banks (DMBs) operating in Nigeria reported varied Liquidity Ratio (LR) over the statutory level in the 2022 financial…
The Telecom Industry makes for N2.508 trillion of Nigeria’s GDP.
In the first quarter of 2023, Nigeria’s telecoms and information services industry contributed a magnificent N2.508 trillion (or 14.13 percent)…
Marketers: 800 gasoline tankers were converted to supply gas.
In order to dispense compressed natural gas to automobiles that run on gas, oil marketers are now changing some of…
NBS: Exports of Manufactured Goods Fall by 40%.
The value of traded manufactured goods fell by a staggering 40% in Q1 2023, according to the National Bureau of…
Prof-taking Continues as Stock Market Drops by N37 billion
The Nigerian Exchange Limited (NGX) stock market was dominated by profit-taking investors as capitalization extended losses for a second straight…
United Nigeria Airline Plans to Expand its Fleet and Regional Operations.
The management of United Nigeria Airlines Limited has announced ambitions to grow the size of its fleet and extend service…
The Success of NAHCO Is Due to Efficient Management
Mr. Indranil Gupta, Group Managing Director of the Nigerian Aviation Handling Company Plc (NAHCO), credits the company’s success and the…
Senior Customs Officers Call on FG to Stop Disputed 3.2 million Modernization Project
Senior members of the Nigeria Customs Service (NCS) have pleaded with President Bola Tinubu to halt the divisive $3.2 billion…
427,962 Nigerians Abroad Receive NIN.
In May 2023, 25.17 percent of Nigerians living abroad have National Identification Numbers. Since the National Identity Management Commission began…
NNPCL to Stop Importing Petroleum in August.
The Nigerian National Petroleum Company (NNPCL) has stated that it would reduce its imports of Premium Motor Spirit, more commonly…
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 of…
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 issue…
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 economic and…
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 BUA Cement (BUACEMENT.LG) to…
With the acquisition of Africa Matters Limited, J.S. Held expands its strategic advisory for the African market.
The international consulting firm J.S. Held announced the acquisition of Africa Matters Limited, a strategic advising company with an emphasis…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND General Catalyst.
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice Group, Rapyd, and General…
Stakeholders Criticize the FG Regarding the $3.2 billion Project to Modernize Customs.
Stakeholders in the nation’s marine sector have criticized the Federal Government over the $3.2 billion Nigeria Customs Service modernization project.…
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 Nigeria over…
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 Exchange…
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 companies…
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 payments for…
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 stability of…
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 industry, for…
NCAA Stakeholders Call for a 50% Energy Transformation.
Aviation stakeholders have urged the Nigerian Civil Aviation Authority to start working with other industry participants and governmental organizations to…
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. The Fund is…
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…