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Nigeria’s Creative Industry Poised to Drive $100 Billion to GDP by 2030,…
The Assistant Secretary for the Bureau of Economic and Business Affairs at the U.S. Department of State, Ramin…
Dangote and BUA Trade Words, Renewing Rivalry
After a brief truce brokered by former Kano State governor Abdullahi Ganduje, Aliko Dangote, President of Dangote…
GlaxoSmithKline Consumer Nigeria Announces Scheme for Shareholder Dissolution
GlaxoSmithKline Consumer Nigeria Plc has proposed a Scheme of Arrangement for the dissolution of the company,…
Nigeria’s Market Interest Rates Rise, Reigniting Foreign Investor Interest
Nigeria is re-emerging as an attractive destination for foreign investors following a rise in market interest…
Diezani Allison-Madueke Seeks Prayers as UK Court Hears Bribery and Corruption…
Former Minister of Petroleum Resources, Diezani Allison-Madueke, appeared before a Southwark Crown Court judge in…
Businessman Chief Cletus Ibeto Faces Bench Warrant for Alleged N4.8 Billion Fraud
Justice I.O. Ijelu of the Lagos State High Court issued a bench warrant for businessman Chief Cletus Ibeto's…
President Bola Tinubu May Reshape Cabinet as Ministerial Retreat Concludes
President Bola Tinubu may consider reshaping his cabinet following the conclusion of a three-day Ministerial…
Nigeria Gains Traction with Foreign Investors as Economic Reforms Pick Up
Following a slowdown in reforms, Nigeria is back on the radar of foreign investors. The Central Bank of Nigeria's…
Unlocking Over $2 Billion Investments: Lagos CNG Conversion Facility Inaugurated
The newly inaugurated Compressed Natural Gas (CNG) conversion facility in Lagos, spearheaded by the Presidential…
Naira Gains Ground as Stock Market Hits Historic Highs
Despite recent fluctuations, the Nigerian Naira has made significant gains, settling at N1,170/$1 in the parallel…
Controversy Surrounds Allocation of Billions for Presidential Yacht and Luxury…
President Bola Tinubu's submission of a N2.1 trillion supplementary budget to the National Assembly has sparked…
President Tinubu Seeks Approval for $7.8 Billion and €100 Million Borrowing Plan…
President Bola Tinubu has submitted separate letters to the National Assembly seeking approval for a borrowing…
Business Activity Contracts in Nigeria for the First Time in Seven Months, PMI…
According to the latest Purchasing Managers’ Index (PMI) report from Stanbic IBTC Bank, business activity in…
Flights to Dubai Expected to Resume by December as Nigeria Clears Trapped Funds
The Nigerian government has cleared part of the trapped funds for Emirates and Etihad Airlines, paving the way for…
Crude Shortages Hamper Nigerian Refineries, Dangote’s Production Targets…
Despite hopes for increased domestic refining capacity in Nigeria, including from the much-anticipated Dangote…
JP Morgan Forecasts Naira to Trade at N850/$ Before End of 2023
JP Morgan, a prominent US multinational financial services firm, has projected that the Nigerian naira will reach…
UN Supports 3.6 Million Vulnerable Individuals in Nigeria’s Northeast in H1…
Matthias Schmale, the United Nations (UN) resident and humanitarian coordinator in Nigeria, announced that the UN…
Nigerian Naira Faces Challenges Amid Global Economic Factors
The Nigerian naira has encountered significant challenges in the foreign exchange market, with its value…
Senate Investigates Printing of New Naira Notes by NSPMC in 2022
The Nigerian Senate has resolved to launch an investigation into the printing of new Naira notes by the Nigerian…
Airtel Africa Reclaims Title as Most Valuable Company on Nigerian Stock Market
After more than six months, Airtel Africa Plc has regained its position as the most valuable company on the…
Navigating Economic Hardships: How Nigerians Are Adapting to Rising Costs
The removal of fuel subsidies in May has led to challenging economic conditions in Nigeria, impacting the daily…
Economic Contraction: Nigeria Sees First Business Activity Decline in Seven Months
According to the latest Purchasing Managers’ Index (PMI) report released by Stanbic IBTC Bank, business activity…
MTN Nigeria Adapts Strategies to Offset Forex Losses and Bolster Growth
Amidst foreign exchange challenges, MTN Nigeria, the country's leading telecom service provider, is proactively…
Dangote Refinery Faces Delays in Commencing Diesel and Jet Fuel Refining
Despite earlier projections, Dangote Refinery has experienced delays in initiating its diesel and jet fuel…
Lagos State Secures $1.352 Billion Investment for Key Infrastructure Projects
The Lagos State Government has successfully entered into a strategic partnership with the African Export-Import…
Nigeria Approves N2.18tn Supplementary Budget to Address Urgent National…
The Federal Government of Nigeria has greenlit a supplementary budget of N2.18tn for the fiscal year 2023. This…
Nigeria Records 5.7% Increase in Crude Oil Production for 2023
A review of industry data by THISDAY reveals that Nigeria's crude oil production has shown a 5.7% year-on-year…
Nigeria’s Push for Green Industries in the Face of Energy Transition
As the global call for energy transition gains momentum, the Nigerian federal government has announced its…
TotalEnergies’ $15 Million Investment in Host Communities: A Milestone in…
TotalEnergies, a prominent oil major, has achieved a significant milestone by fully funding its Host Community…
Nigerian Government Plans Tax Penalties and Interest Waivers to Boost Business and…
The Nigerian government is taking steps to waive tax penalties, outstanding penalties, and interest to make it…