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Commodities
Export Sales Increases by 77% Amid Forex Reform
Three major players in Nigeria's consumer goods industry - Unilever Nigeria Plc, Cadbury Nigeria Plc, and Okomu…
Court Orders FG to Fix Prices of Petrol, motorcycles, Others
A Federal High Court in Lagos has directed the Nigerian government to set prices for essential commodities,…
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…
NNPCL SpendS N267 Billion To Curb Insecurity
The Nigerian National Petroleum Company Limited (NNPCL) reportedly allocated a substantial N267.98 billion for…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in…
Customs Intercepts N854m Worth of Vehicles in January
The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, revealed that it intercepted 11 imported…
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…
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…
NNPC Adresses Concerns on Fuel Scarcity
The Nigerian National Petroleum Company Limited (NNPCL) has addressed concerns regarding long queues at filling…
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…
BAT (Nigeria) Unveils Solar Panel System
Today, British American Tobacco (BAT) (Nigeria) Limited will inaugurate a 1.4MWP grid-tied solar panel system at…
Bank Directors Supports CBN on Foreign Currency Hoarding
The Bank Directors Association of Nigeria (BDAN) has expressed support for the Central Bank of Nigeria's (CBN)…
N146bn Needed for Marina Shoreline Repairs- FG
The Minister of Works, David Umahi, has highlighted the need for N146 billion to repair the deteriorating Marina…
Neveah Ltd Redeems N2.92bn Commercial Papers
Neveah Limited, a commodity trading company specializing in solid minerals and agricultural products, has…
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…
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of…
Bullish Trading on Stock Market, Gaining N902bn
The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion.
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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…
Google Launches Advanced AI Model in Nigeria
Google has unveiled its most advanced Artificial Intelligence model, Gemini Pro, in Nigeria on Thursday.
…
Dangote Refinery: NIMASA Foresees Revenue Decline
The Nigerian Maritime Administration and Safety Agency (NIMASA) has projected a decrease in revenue following the…
NIMC Expands Enrolment Systems to Boost NIN Registration
The National Identity Management Commission (NIMC) has authorized the deployment of additional enrolment systems…
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…
FG Explores Green Hydrogen Opportunities for Cleaner Energy Transition
The Federal Government has embarked on exploring opportunities in green hydrogen as part of its efforts to…
Port Harcourt Refinery Undergoes Test-run
The Federal Government confirmed on Wednesday that the Port Harcourt Refining Company is currently undergoing test…
Jetour Introduces X90 Plus ‘Cruise’ SUV to Nigerian Market
Jetour Mobility Service has unveiled the X90 Plus, also known as 'Cruise', in the Nigerian market, offering…
Geregu Power Plc Proposes N8 Dividend per Share
Geregu Power Plc's board of directors has announced a proposed dividend of N8 per share for the 2023 financial…
Pension Scheme Assets Hit N18.36tn, Increases by 22%
Data released by the National Pension Commission reveals that the total assets under the Contributory Pension…
Nigeria-Morocco Gas Pipeline: Minister Assures Uninterrupted Supply
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented…
Venezuela Aims for 1 Million Barrels per Day as Oil Output Reaches 850,000 bpd
Venezuela's Oil Ministry officials announced a push towards producing 1 million barrels of oil per day,…