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Power sector strained as Togo, Benin, others owe Nigeria $14.19m for electricity…
The Nigerian Electricity Regulatory Commission (NERC) reported that none of the four international bilateral!-->…
Competition toughens as 9Mobile gets new owner
9Mobile has faced significant challenges since Etisalat Abu Dhabi exited the Nigerian market in 2017 over a $1.2!-->…
Morocco, SA, Egypt dwarf Nigeria’s $210m auto industry
Nigeria's $210 million automotive industry lags behind peers such as Morocco, South Africa, and Egypt due to low!-->…
Fuel Rises To N1,300/Litre As Depots Run Dry
Fuel scarcity has hit Nigeria hard, causing long queues at petrol stations in major cities like Lagos, Ogun,!-->…
Oil Producing Communities Threaten To Shut Down All Pipeline Facilities Over…
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has issued a warning that it will renew agitation!-->…
Fitch: Inflation Has Peaked in Nigeria, Will Moderate Below 25% By Year-end
Fitch Solutions has projected that Nigeria’s high inflation, which reached 34.19% in June, has peaked and will!-->…
BVN Enrolments Surge by 854,267 to 62.7m in Two Months
Bank Verification Number (BVN) registrations in Nigeria have risen to 62.7 million as of July 2024, up from 61.87!-->…
Stock Market Down N1.3tn WoW as Investors Migrate to Fixed Income Market
Following the Central Bank of Nigeria's (CBN) increase in the Monetary Policy Rate (MPR) to 26.75%, the Nigerian!-->…
It’s game, set and match — ALIKO DANGOTE
Dr. Reuben Abati has called for President Tinubu to intervene in the conflict between the Nigerian Midstream and!-->…
Dangote Refinery: Midstream, Downstream Regulatory Authority Giving Tinubu Bad…
Aliko Dangote, Africa’s richest man, is widely recognized and respected across the continent. Over the past three!-->…
Naira Depreciates To N1,610/$ In Parallel Market
The Nigerian Naira experienced a significant depreciation on Friday, dropping to N1,610 per dollar in the parallel!-->…
Dangote/NNPC Rift: Nigeria’s Petrol Import From Malta Jumps 43 Times To $2.08bn
Nigeria's importation of petroleum from Malta soared to $2.08 billion in 2023, a 43-fold increase. According to a!-->…
Expert faults NBS for omitting Marine, Blue economy data
Dr. Muda Yusuf, CEO of the Centre for the Promotion of Public Enterprise, criticized the National Bureau of!-->…
ICAN charges inductees to uphold principles of accounting
The Institute of Chartered Accountants of Nigeria (ICAN) has advised newly inducted Accounting Technicians to!-->…
Vehicle importation falls 60.8% in H1’24
Vehicle imports into Nigeria fell sharply by 60.4 percent year-on-year to 10,991 in the first half of 2024,!-->…
Lafarge Africa Unveils Nigeria’s First Low-Carbon Multipurpose Cement,…
Lafarge Africa Plc has launched ECOPlanet Unicem, Nigeria's first low-carbon multipurpose cement, with a 30!-->…
FG’s revenue surpassed budgetary target, says minister
Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Federal Government's!-->…
Nigeria imported $2.25bn fuel from Malta — Report
Nigeria has imported $2.25 billion worth of fuel from Malta over the past nine years, with a dramatic spike in!-->…
ICYMI: Construction begins at Midoil refinery
Midoil Refining and Petrochemicals Company Limited has officially started construction activities in Lagos, with a!-->…
FG has exited Way & Means – Edun
In a press conference in Abuja, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale!-->…
Dangote Cement Reports Pre-Tax Profit Of N292.9 Billion, To Pay Tax Of N103…
Dangote Cement Plc reported a pre-tax profit of N293 billion for the first half of 2024, marking a 22% increase!-->…
Hardship: Stranded foreign scholars groan as FG slashes allowances
The Federal Government of Nigeria has announced a 12.7% cut in allowances for students studying abroad in!-->…
Certain Workers Excluded from Nigeria’s New N70,000 Minimum Wage
As workers anticipate the implementation of Nigeria's new N70,000 minimum wage, not all will benefit from this!-->…
Nissan shares plunge after profit warning
Nissan shares tumbled over 10% after issuing a profit warning due to fierce sales competition, particularly in the!-->…
Unilever Sees 4% Profit Rise in H1 2024
Unilever reported a 4% increase in net profit for the first six months of 2024, reaching 3.7 billion euros ($4.0!-->…
CBN sells one-year Treasury Bills at 22.1% in July auction
The Central Bank of Nigeria (CBN) sold one-year Treasury Bills at a 22.1% stop rate during its July 24 auction to!-->…
ETH Spot ETFs Underperform, Triggering Crypto Sell-off
The recent poor performance of newly launched ETH spot ETFs caused a significant decline in the crypto market!-->…
US refiners’ Q2 profits fall on low margins, soft fuel demand
U.S. oil refiners are set to report significantly lower earnings for the second quarter compared to last year,!-->…
Hotel workers in four US cities to hold strike authorization votes
Approximately 13,500 unionized hotel workers across Boston, San Francisco, Honolulu, and Providence, Rhode Island,!-->…
Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix
Fortune 500 companies, excluding Microsoft, are projected to incur financial losses totaling $5.4 billion due to a!-->…