Browsing Category
Local
42 Companies Awarded Flare Sites in Nigerian Gas Flare Commercialisation Programme
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded flare sites to 42 companies operating in…
Naira Dips Further, Closes at 950/$ at Parallel Market
The naira's value against the dollar took another hit as it closed at 950/$ in the parallel market, further…
Fidelity Bank Seals 100% Acquisition of Union Bank UK in Global Expansion Move
Fidelity Bank Plc has successfully acquired a full stake in Union Bank UK Plc (UBUK), marking a significant step…
Nigeria’s Oil Production Falls Short of OPEC Quota Despite Rising Prices
Despite a surge in oil prices, Nigeria's production remains below its OPEC quota. Brent Crude reached $92.28 per…
Nigerian Stock Market Records N757 Billion Loss Due to FTSE Downgrade
Investors in the Nigerian Exchange Limited (NGX) have faced losses of N757 billion over two days following the…
Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian…
Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks…
Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian…
Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks…
Nigeria Has Over 60 Different Taxes, Many Burden the Poor – Expert
According to Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms,…
Nigeria’s Pension Assets Surge to N17.01 Trillion, 10.03 Million Subscribers…
As of July 2023, Nigeria's pension assets have risen to N17.01 trillion, showcasing a significant increase from…
Nigerian Stock Market Loses N757 Billion in Two Days Following FTSE Russell…
Investors on the Nigerian Exchange Limited (NGX) have suffered a loss of N757 billion within two days after the…
Nigeria’s Equities Market Sees Continued Sell-Offs, Investors Book N293…
Nigeria's equities market continues to experience a negative trend, with more investors opting to sell their…
Nigeria Faces Threat to 2023 Budget as Crude Oil Output Falls by 470,000 Barrels…
The implementation of Nigeria's 2023 budget, set at N21.8 trillion, is at risk due to a shortfall in crude oil…
United Bank for Africa (UBA) Records Exceptional Half-Year Performance, Profits…
United Bank for Africa (UBA) Plc, often referred to as Africa’s Global Bank, has reported remarkable financial…
Federal Government Launches Inaugural Cargo Movement on Lagos-Ibadan Rail Corridor
After initial concerns regarding the under-utilization of the standard gauge rail line two years…
Nigeria at G-20: A Glimpse of Hope in International Relations
The G-20 summit held in New Delhi, India, has concluded, marking a significant stride for the Nigerian delegation,…
NNPC CEO and Regulatory Authority CEO Absent from Probe Hearing
The CEO of the Nigeria National Petroleum Company Limited (NNPC), Mele Kyari, and the CEO of the Nigerian…
NERC Launches App to Monitor Electricity Distribution Compliance with Tariffs
The Nigeria Electricity Regulatory Commission (NERC) introduced a new app on September 11 to oversee the adherence…
Tinubu’s Economic Reforms Benefit Business Elites, Says The Economist
President Bola Tinubu's recent economic decisions, including the removal of fuel subsidies and the unification of…
Nigeria And UAE: Cautious Optimism As FG Adopts Piecemeal Negotiation Out Of $800m…
The United Arab Emirates (UAE) has officially lifted the visa ban on Nigerian travelers, ending a nearly year-long…
Electricity Metered Customer Base Grows by 10.4% in Nigeria
The number of metered electricity customers in Nigeria reached 5.47 million in Q2 2023, indicating a notable…
Concerns Mount as Nigeria’s Fiscal Deficit Surges to ₦3.68 Trillion in 2023
A recent report reveals that Nigeria's fiscal deficit soared to ₦3.68 trillion in the first five months of 2023.…
Historic Agreement: UAE Lifts Visa Ban on Nigerian Travelers
In a significant diplomatic breakthrough, the United Arab Emirates (UAE) has officially lifted the visa ban…
Central Bank of Nigeria Directs Banks to Use Forex Gains Prudently
The Central Bank of Nigeria (CBN) issued a directive on Monday instructing commercial banks not to utilize their…
Surge in Insurance Claims Places Pressure on Leading Nigerian Firms
In the first half of 2023, Nigeria's top insurance companies witnessed a substantial surge in net claims payments,…
Olam Group Disputes Nigerian Media’s Forex Fraud Allegations
Singapore-based Olam Group has strongly refuted recent reports from Nigerian media claiming its African units were…
Tinubu Administration Focuses on Tax Reform, Not Rate Hikes – Taiwo Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, assured that President…
Medical Consultants in Nigeria Extend Ultimatum, Cite Brain Drain Concerns
The nationwide strike planned by the Medical and Dental Consultants Association of Nigeria (MDCAN) has been…
President Tinubu Explores Economic Collaboration with Germany, South Korea, and…
Nigeria’s President Bola Tinubu engaged in discussions with German Chancellor Olaf Scholz, South Korean President…
Fitch Ratings Expresses Concern Over Nigeria’s Weak External Reserves and Policy…
Fitch Ratings has raised alarms over Nigeria's precarious external reserves, stating that it underscores the…
FAAN Initiates Relocation of International Airlines to New Terminal at Lagos…
The Federal Airports Authority of Nigeria (FAAN) has commenced the process of relocating international airlines to…