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NEPC reports $2.7bn in non-oil exports half year 2024
Nigeria's non-oil exports generated $2.7 billion in the first half of 2024, reflecting a 6.26% increase from the…
TGI Foods SPV launches N25bn commercial papers
TGI SPV Plc, a special purpose vehicle created by Tropical General Investments Group, has launched N25 billion in…
Without structural gaps, Nigeria’s GDP will grow by 5% – IMF
*The International Monetary Fund (IMF) stated that Nigeria's economy, currently growing at 3.19%, could reach a 5%…
External auditors to examine NNPC N2.6tn subsidy claim
The Federal Government of Nigeria is set to hire an external auditor to verify the N2.7 trillion fuel subsidy…
Reps promises to pass bill on electricity theft
The Chairman of the House of Representatives Committee on Privatisation and Commercialisation, Hamisu Ibrahim,…
AMCON set to sell Ibadan Disco
The Assets Management Corporation of Nigeria (AMCON) plans to sell the Ibadan Electricity Distribution Company…
Recapitalisation: ASHON accuses banks of sidelining stockbrokers
The Association of Securities Dealing Houses of Nigeria (ASHON) has accused banks of bypassing licensed…
Sony to raise PlayStation 5 price by 20% in Japan
Sony announced a 20% price increase for its PlayStation 5 (PS5) console in Japan, citing global economic…
Stock deals jump 44% on banks’ recapitalisation
In the first seven months of 2024, Nigerian equities market transactions increased by 44% compared to the same…
Naira closes at 1,596.60/$ as dollar liquidity declines
The naira closed at N1,596.60 per dollar on Monday, marking a 1.66% depreciation from Friday’s rate of N1,570.14…
Divestment of NAOC to Oando in line with PIA, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the recent approvals for Nigerian…
Africa Prudential grows profit by 87% to N1.1b in first half
Africa Prudential Plc has reported an impressive 87% increase in profit for the first half of 2024, reaching N1.13…
Richway Microfinance Bank Receives DBN’s Award for Highest Impact on…
Richway Microfinance Bank has been honored with the 2023 Award for Microfinance Bank with the Highest Impact on…
CBN lifts suspension on Standing Lending facility
The Central Bank of Nigeria (CBN) has lifted the suspension on the Standing Lending Facility (SLF), allowing banks…
FG spending exceeds revenue by 225% — BudgIT
A report by BudgIT has revealed that the Nigerian government spent N19.50 trillion in 2023, three times its…
198 Extractive Companies and Agencies Submit Data for NEITI’s 2022/2023…
The Nigerian Extractive Industries Transparency Initiative (NEITI) has received data submissions from 198…
Oando acquisition of Agip followed due process – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Oando Plc's acquisition of…
FG may convert Arik, Aero Contractors to national carriers
The Asset Management Corporation of Nigeria (AMCON) is considering merging Arik Air and Aero Contractors into a…
Customs ushers in new leadership with latest appointments
As the Nigeria Customs Service (NCS) bids farewell to several key management members due to statutory retirement,…
Tinubu to inaugurate N178bn Onne terminal next week
President Bola Tinubu will officially open the newly upgraded West Africa Container Terminal (WACT) in Onne,…
FX turnover hit $7.4bn in July – Report
In July, Nigeria's foreign exchange turnover reached N11.48 trillion ($7.39 billion) at the official trading…
CBN, SEC okay Ecobank custody business
Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission (SEC) and the Central…
Naira shows strength, dollar hits two-year low against British Pound
The Nigerian Naira strengthened against the US dollar during Friday's trading session, appreciating to N1570.14/$…
Nigeria’s domestic dollar bond steals Eurobond shine
Jamiu Agah, a Lagos-based IT consultant, is one of many Nigerians excited about the Federal Government’s new…
FG’s million-dollar oil surveillance contract duplication raises questions
The Federal Government is embroiled in controversy over allegations of awarding duplicated oil contracts worth…
No Nigerian airline’ll survive current economic crisis –Fairfax Africa Fund…
Fairfax Africa Fund, backers of the failed Nigeria Air project, has forecasted the collapse of all but one…
Cost of living crisis eases as prices of garri, potato, tomato drop
Food prices in Nigeria have started to decrease for the first time in 18 months, offering relief to households…
Canada moves to end rail shutdown quickly; CN workers to return to work
Workers at Canadian National Railway (CNR) will return to work on Friday after the Canadian government intervened…
China’s robot makers chase Tesla to deliver humanoid workers
China is aggressively advancing in the humanoid robot industry, aiming to rival Tesla in building battery-powered…
Infinity Trust Mortgage Bank plans N50bn capital raise
Infinity Trust Mortgage Bank Plc has unveiled plans to raise N50 billion through private placement to bolster its…