NNPC vows to increase production as Brent crude oil hits $110/barrel
BRENT, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price on Tuesday. This rose to the highest…
Category: Local
Nigeria signs MoU on gas supply to Equatorial Guinea
Nigeria and Equatorial Guinea on Tuesday signed a Memorandum of Understanding for the supply of gas from Nigerian offshore fields…
Buhari asks Senate to confirm MPC members
President Buhari has asked the Senate to confirm the appointment of two new members of the MPC The president also…
Lekki Deep Sea Port Is 80 Per Cent Completed – ICRC
The Infrastructure Concession Regulatory Commission debunked the report that the Lekki Deep Sea Port is 90.93% completed. It said the…
Persisting Inflation Will Limit CBN Borrowing Ability- IMF
Economists at the International Monetary Fund and World Bank have revealed that persisting inflationary pressure will limit the ability of…
Experts Bemoan Under-Representation Of Key Sectors On NGX
Apparently irked by the under-representation of some sectors in the nation’s stock market, capital market experts, at the weekend, urged…
Number Of Professional Developers In Nigeria Increased By 6 Per Cent
The number of professional developers in Nigeria increased by six per cent to hit 84,000 in 2021 as the total…
Why we’re selling Mobil Nigeria to Seplat — ExxonMobil
Texas-based major Exxon Mobil has given its reason for choosing to sell the entire shallow water assets of one of…
Monneo Launches a Unique Solution for the Affiliate Marketing Industry
Monneo has announced its exciting plans to launch Pixelpay, a stand-alone financial product designed specifically for the affiliate marketing industry.…
responsAbility and Belgian DFI invest debt in candi solar
responsAbility Investments, the Swiss impact investment manager, and BIO, the Belgian Investment Company for Developing Countries, have provided a USD…
Bank of America invests in Bamboo’s ABC Fund
The Agri-Business Capital Fund today announces that it has received its first investment from a corporate global financial institution, as…
Nigerian Stock: List Of Announced 2022 Dividend
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective…
LP ups its commitment to Janngo Startup Fund
In the wake of the EU-Africa Business Forum, the European Investment Bank has announced an additional €10 million through a…
EAC eyes trade-in-services under AfCFTA Agreement
The East African Community is developing a strategy to boost trade-in services. This will position the bloc better in the…
AgDevCo lands equity and debt funding package from DFIs
AgDevCo the specialist investor in early-stage African agribusinesses, today announced a $90m package of new funding Fundings were from the…
MTN Launches New Brand Identity With Simplified, Innovative Logo
The company announced its brand repositioning using a contemplative slogan — “What Are We Doing Today?” It also articulated the…
NSE fall lifts dividend yields ahead of earnings season
The fall in share prices at the Nairobi Securities Exchange following a selloff induced by Russia’s invasion of Ukraine. This…
Safaricom, Ethio Telecom in talks to share towers
Safaricom is negotiating an infrastructure sharing deal with Ethiopian rival Ethio Telecom. As it prepares to launch operations in the…
American investors back Clickatell’s healthy Series C
Clickatell the CPaaS innovator and Chat Commerce leader, today announces it has secured $91 million in their Series C round.…
Seplat Energy Plc Proposes Final Dividend Of $0.025 To Shareholders
In a notice filed with the Nigerian Exchange Limited (NGX), Seplat Energy Plc has announced the payment of final dividend…
Buhari, El-Rufai, KADCCIMA Extol Dangote At Trade Fair
Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his host, the Governor of…
NNPC Assures Of Sufficient Petrol For Distribution Across Nigeria
The Nigerian National Petroleum Company (NNPC) Limited, has assured Nigerians that it has sufficient stock of petroleum products for distribution across…
GNBC Partnership Will Strengthen Ghana-Nigeria Business Relations
The Consul General of the Ghana High Commission, Samata Bukari, has said the increased synergy fostered by the activities of…
44 Stocks Drive Market Cap To N25.51Tn
The market capitalisation of equities listed on the Nigerian Exchange Limited appreciated slightly by 0.4 per cent to close at…
FG increases school feeding cost to N100/child, spend N1bn daily
The Federal Government has increased the cost of feeding a primary school pupil from N70 to N100. FG sets to…
$1.04bn spent on fuel imports in 2021, says CBN
The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from…
Bad fuel: Regulator shuts four filling stations in Anambra
The Nigeria Midstream and Downstream Petroleum Regulatory Agency have suspended the operations of four filling stations in Anambra. The suspension…
Nigeria exports software to other African countries, says NOTAP
The Director-General of the National Office for Technology Acquisition and Promotion, DanAzumi Ibrahim, has said Nigeria is now exporting software…
IMF seeks recapitalisation of banks hit by COVID-19
The International Monetary Fund yesterday advised the Federal Government and governments of other emerging economies. The International Monetary Fund advised…
Nigeria sues JP Morgan in London over $1.7b oil deal
A London high court began to hear a lawsuit yesterday launched by Nigeria against United States bank JP Morgan Chase…