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EV firm Polestar taps former Stellantis finance executive as CFO
Polestar announced the appointment of Jean-Francois Mady, a former Stellantis finance executive, as its new CFO,…
‘It’s falsehood,’ FG denies ordering NNPC to raise fuel price
The Federal Government has refuted claims suggesting that the Ministry of Petroleum Resources ordered the Nigerian…
NGX, UNIMAID Sign Strategic Partnership to Promote Capital Market Education
The Nigerian Exchange (NGX) and the University of Maiduguri (Unimaid) have signed a Memorandum of Understanding…
PremiumTrust Bank posts N47.8b gross earnings
PremiumTrust Bank achieved gross earnings of N47.80 billion and a profit before tax of N14.10 billion in 2023, as…
Nigeria’s manufacturing sector plunges as GDP contribution declines by 20.95% in 6…
Nigeria's manufacturing sector has seen a significant decline in its contribution to the nation's GDP, dropping by…
Equities market resumes September bullish, investors gain N123bn
The Nigerian equities market kicked off September on a bullish note, with investors’ wealth growing by N123.45…
NCAA Clarifies Misconception Of U.S. Flight Ban For Nigerian Airlines
The Nigeria Civil Aviation Authority (NCAA) has addressed recent reports claiming a U.S. ban on Nigerian airlines,…
DMO opens September bonds offer with 18.2% interest
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched its September 2024…
Petrol scarcity: No respite as marketers run out of stock amid slump in imports
Nigeria's petrol scarcity crisis has deepened, with fuel marketers struggling to replenish their dwindling stock…
Equity market reverses loss with N117bn gain
The Nigerian Stock Exchange (NSE) rebounded on Thursday, recovering from the previous day's losses as investors…
Manufacturing grows by 1.28%
In the second quarter of 2024, Nigeria's manufacturing sector recorded a year-on-year growth of 1.28%, according…
CBN lifts suspension on bank borrowing, sets 31.75% lending rate
The Central Bank of Nigeria (CBN) has reinstated access to its Standing Lending Facility (SLF) following the…
Reps Uncover Over N500b In Unused TETFund For Nigerian Universities
The House of Representatives has pledged to address the challenges preventing Nigerian tertiary institutions from…
OVH Acquisition: CAC dissolves NNPC retail, Nueoil
The Corporate Affairs Commission (CAC) has dissolved NNPC Retail, the downstream arm of the Nigerian National…
NCC uncovers 100,000 SIM cards linked to one individual
The Nigerian Communications Commission (NCC) has uncovered a shocking case where over 100,000 Subscriber…
NNPC absorbing actual costs of petroleum products, says Tonye Cole
Tonye Cole, co-founder of Sahara Group, has highlighted the significant pressure on the Nigerian National…
Concerns as Emirates opens ticket booking in dollars
Stakeholders in Nigeria’s travel industry have expressed concern over Emirates' decision to price tickets on…
Africa’s poverty is man-made, not an act of God – Obasanjo
Former Nigerian President Olusegun Obasanjo recently highlighted the man-made nature of poverty in Africa,…
NUPRC rejects Shell’s $1.3bn onshore asset sale to Renaissance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reportedly rejected Shell International Plc's…
Aviation minister signs MoU with Boeing to facilitate aircraft acquisition
Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, signed a strategic Memorandum of…
Nigeria, Germany target over $500mn in energy deals in 2024
Nigeria and Germany plan to surpass last year’s $500 million in energy deals by targeting even larger agreements…
BREAKING: Currency outside bank drops to N3.66 trillion in July, biggest fall in…
In July 2024, the amount of currency outside Nigeria's banking system decreased to N3.66 trillion, marking a 3.32%…
EKEDC disconnects power supply from UNILAG
Eko Electricity Distribution Company (EKEDC) has disconnected the University of Lagos (UNILAG) from the power…
Nigeria, Belgium deepen bilateral ties
The Nigerian Ports Authority (NPA) and the Kingdom of Belgium have agreed to strengthen their bilateral…
Nigeria, Benin Republic open dry port trade office in Kano
Nigeria and Benin Republic have jointly opened the Tsamiya Dry Port Trade Office in Kano State to enhance regional…
Elumelu: Tenure limit for bank CEOs inspired Heirs Holdings formation
Tony Elumelu, Chairman of Heirs Holdings Group, revealed that the Central Bank of Nigeria’s (CBN) 2010 policy…
Govt sets Sept 14 deadline for SIM-NIN linkage
The Nigerian Communications Commission (NCC) has announced a new deadline for all mobile subscribers to link their…
Gas suppliers seek end to multiple taxation
The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has called on the Federal Government to tackle…
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…