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FAKE NEWS ALERT: No Explosion At Zungeru Hydroelectric Dam, Say ED, Police
Siraj Abdullahi, executive director of the Zungeru hydroelectric dam in Niger state, refuted reports of an!-->…
Adefeko Calls For Urgent Action To Address Food Insecurity
Ade Adefeko, director of corporate and regulatory affairs at Olam Agri, has called for urgent measures to address!-->…
Senate Passes Bill To Allow Foreigners In Nigeria Obtain NIN
The Nigerian Senate has passed a bill for a second reading that proposes granting all persons, including!-->…
Dangote Refinery Begins Gasoil Exports To West African Countries, As Imports From…
Aliko Dangote, Chairman of the Dangote Group, strongly criticized the Central Bank of Nigeria (CBN) for increasing!-->…
China’s BYD posts 21% jump in quarterly EV sales, closes gap with Tesla
China's BYD reported a 21% increase in electric vehicle (EV) sales for the second quarter, bringing its total to!-->…
South African rand extends losses, focus on unity government’s reforms
The South African rand continued its decline on Tuesday, trading at 18.6325 against the dollar, a 1.5% drop from!-->…
Biden revoked 8 licenses for China’s Huawei in 2024, document shows
In 2024, the Biden administration revoked eight more licenses that previously allowed U.S. companies to supply!-->…
Nigeria Air Project Remains Suspended Pending Presidential Decision
The Nigerian government's Nigeria Air project remains suspended as Minister of Aviation and Aerospace Development,!-->…
Nigeria’s N121.6trn Debt Exceeds 50% GDP
PricewaterhouseCoopers International Limited (PWC) has reported that Nigeria's public debt soared to N121.67!-->…
Best performing stocks in the NGX in the first half of 2024
The Nigerian Exchange (NGX) achieved a significant growth of 33.81% in the first half of 2024, with the All-Share!-->…
Coronation Insurance posts 192% profit growth in 2023
Coronation Insurance Plc has reported an impressive year-on-year profit growth of 192% for the fiscal year 2023.
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Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
Nigeria's telecommunications sector attracted $191.5 million in Foreign Direct Investments (FDIs) in Q1 2024.
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Dangote refinery begins gasoil exports to West African countries, as imports from…
Nigeria’s new Dangote oil refinery is increasing gasoil exports to West Africa, capturing market share from!-->…
World Bank Restructures Nigeria Digital ID Project to Ensure $430 Million Funding
The World Bank is restructuring Nigeria’s Digital Identification for Development (ID4D) project to secure the full!-->…
NESG Backs CBN’s Stoppage Of Price Verification System On FX
The Nigerian Economic Summit Group (NESG) is praising the Central Bank of Nigeria's (CBN) decision to eliminate!-->…
MRS Nigeria Delisted from the Nigerian Stock Exchange, Eyes OTC Market
MRS Nigeria Limited, an oil marketing firm, has received shareholder approval to voluntarily delist its shares!-->…
Nigeria Removes 5 Oil Blocks from Licensing Round Due to Legal Issues
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has removed five (5) oil blocks from the ongoing!-->…
Russia’s VTB bank says US sanctions have complicated cross-border…
The recent U.S. sanctions on Moscow have significantly affected Russian banks, including VTB, Russia's!-->…
Ackman’s Pershing Square USA to offer shares at $50 in NY listing
Pershing Square USA, managed by billionaire Bill Ackman, is preparing for its initial public offering (IPO) on the!-->…
Aircraft delivery delays having ‘brutal’ impact on Lufthansa, says CEO
Carsten Spohr, CEO of Lufthansa (LHAG.DE), revealed at a business press club in Stuttgart that ongoing aircraft!-->…
Italy claims 1 billion euros in unpaid taxes from Google
Italy is seeking 1 billion euros ($1.07 billion) from Google in unpaid taxes and penalties, according to three!-->…
220 Drug Suspects Arrested As NDLEA Destroys 14 Cannabis Farms In Edo
The Edo State commander of the National Drug Law Enforcement Agency (NDLEA), Mr. Callys Alumona, announced that!-->…
Naira Depreciates Further, Exchanges At N1,510/$
The Naira maintained its downward trend, reaching N1,510.10 against the US Dollar as reported by Daily Trust. This!-->…
Nigeria Spends N1.47tr On Vehicle Importation
Mr. Oluwemimo Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC),!-->…
About 60% of applicants have received N50,000 under trade grant scheme — Doris…
During the National Economic Council (NEC) meeting at the Presidential Villa, President Tinubu announced!-->…
VFD Group Obtains Shareholders’ Approval to Raise N30bn Additional Capital
At its virtual 8th Annual General Meeting (AGM), VFD Group Plc secured shareholders' approval to raise an!-->…
Ethiopian Airlines Group Wins Double Awards in Africa
Ethiopian Airlines Group, recognized as Africa's largest airline group, has secured top honors once again at the!-->…
Microsoft Not Leaving Nigeria – CEO
Mrs. Ola William, Managing Director and CEO of Microsoft Nigeria plc, has denied rumors that Microsoft plans to!-->…
‘Minor Fire Incident’ at Dangote Refinery Fully Contained, Says Management
A minor fire outbreak occurred at a section of the Dangote Refinery in Ibeju Lekki, Lagos, on Wednesday morning.!-->…
CBN discontinues price verification for Form ‘M’ (Effective July 2024)
The Central Bank of Nigeria (CBN) announced that it will discontinue its Price Verification System (PVS) Portal!-->…