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CBN’s RT 200 generates $600 million in 6 months
The Central Bank of Nigeria during its monetary policy committee briefing has revealed that the increase recorded…
Water Resources Bill: FG Says It Will Push On Despite Backlash From Nigerians.
The Federal Ministry of Water Resources has state that it will not be deter by backlash on the propose Water…
Nigeria To Pursue $3.5 Billion Civil Claim Against Eni And Shell
Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped…
Power Supply To Drop Again, TCN Alerts Nigerians
Power supply will drop by 50 megawatts, the Transmission Company of Nigeria; said the drop would be because of…
Firms Raise N246b From Corporate Bonds In H1
The dormant primary equities segment of the Nigerian capital market has prompted listed companies; to rely on the…
Palm Oil Set To Plunge 20% By September, Top Analyst Predict
The world’s most consumed cooking oil Palm oil may extend its slide, tumbling more than 20% to 3,000 ringgit $673…
Stakeholders Express Cautious Optimism As NNPC Transits
Stakeholders have expressed cautious optimism as the Nigerian National Petroleum Company Limited (NNPC) transits…
FG To Pay Fee For NNPCL Petrol Import As Buhari Unveils Firm Today
President Muhammadu Buhari will unveil the new Nigerian National Petroleum Company Limited (NNPCL); today just as…
Aero Contractors To Shut Down Operations From Tomorrow
Aero Contractors has said it is shutting down its operations; due to the impact of Nigeria’s harsh business…
Marketers Finally Hike Petrol Price To N170-N190/Litre
Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling…
Traders, Buyers Groan As Food Inflation Hits 20.60%
Traders and buyers in Lagos markets have expressed dismay over soaring prices of food items as Nigeria’s food…
Asset Manager GAM Warns On Profit Citing Market Turbulence.
GAM Holding (GAMH.S) expects to post a loss for the first half of 2022, the Swiss asset manager said; citing…
Nigeria’s Securities And Exchange Commission, AfDB Sign $460K Capital Market…
The African Development Bank (AfDB) Group and the Securities and Exchange Commission (SEC); have announced the…
DMO Raises N124 Billion In July FGN Bond Auction As Investors Oversubscribe…
The Debt Management Office (DMO) has announced that it raised the total sum of N123.84 billion; in its Federal…
Crypto Lender Celsius Defends Bitcoin Mining Plans As Bankruptcy Kicks Off.
Cryptocurrency lender Celsius Network said bitcoin mining is key to the company's restructuring efforts.New…
Bank Of America Puts Aside $200 Million For Probe Into Bankers’ Use Of…
Bank of America (BAC.N) has set aside around $200 million for a regulatory matter connected to the unauthorized…
Lawsuit Accuses Apple Of Antitrust Violations Over Apple Pay.
Apple Inc (AAPL.O) was sued in a proposed class action by payment card issuers accusing the iPhone maker; of…
More Worries Over Rising Inflation, Headwinds As MPC Meets Today
In the face of economic and financial challenges, members of the rate-fixing arm of the Central Bank of Nigeria…
BlackRock Misses Profit Estimates, Pulls Back Hiring After Market Turbulence
BlackRock Inc said it is tightening its belt and putting off some hiring amid an economic environment; that has…
ECOWAS Court Tags Twitter Ban “unlawful and a violation of rights of Nigerians”
The ECOWAS Community Court of Justice has declared that the federal government’s order to ban Twitter in June 2021…
Trade Unions Pull Out Of Maritime Council Over Breach Of Agreements
Maritime Workers Union of Nigeria says it has withdrawn its membership from the Council of Maritime Transport…
Dangote Cement Signs 5-Year Agreement On Development With Host Communities
Dangote Cement has signed a five-year community development agreement with its Ibese Plant host communities in …
Ogun Inaugurates W’Africa’s First Fibre Optic Cable Factory- Nigeria.
The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo and the Executive Secretary of the Nigerian…
Anti-Corruption Agencies May Recover IOCs $6.4bn Debt – NEITI.
The Nigeria Extractive Industries Transparency Initiative threatened oil firms operating in the country that it…
Mutual Funds Rebound, Assets Hit $3.64bn – Report.
After suffering decline in 2021, Nigeria’s assets under management in mutual funds rose to $3.64tn in the first…
Crude Oil Theft In Nigeria Is “Organized Crime”–Chevron Nigeria CEO.
Crude oil theft in Nigeria is an organized crime and should be differentiated completely from host community…
Nigerian States Pay N21.62 Billion As External Debt Deductions In Q1 2022
Thirty-six states of the federation parted with a sum of N21.62 billion; as external debt deductions in the first…
Why Gold Prices Are Falling Despite High Inflation.
As the greenback stayed close to a two-decade high on international markets; the yellow shining metal today…
FG Approves N400 Billion For Conditional Cash Transfer, Farmer Money, others-…
The Federal Government has approved the sum of N400 billion under the National Poverty Reduction and Growth…
Oil Rises On Prospects Of Less Aggressive U.S. Rate Hike
Oil prices rose amid prospects of a less aggressive U.S. rate hike; although worries about a recovery in demand…