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…
The Enigmatic Testimony: Sam Bankman-Fried’s Trial Revelations
The courtroom drama surrounding Sam Bankman-Fried, former CEO of the now-bankrupt crypto exchange FTX, has…
Tabby Emerges as Gulf’s First Fintech Unicorn with $1.5 Billion Valuation
Tabby, a platform offering Buy Now, Pay Later (BNPL) services in the Middle East, has secured $200 million in its…
WeWork on the Brink of Chapter 11 Bankruptcy Filing
WeWork, the once high-flying flexible workspace provider, is reportedly on the verge of filing for Chapter 11…
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…
Kenya Addresses Disruption Risk in Gulf Fuel Deal Over Letter of Credit…
Kenya is reassessing the process for banks to confirm letters of credit linked to the government's fuel agreement…
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…
Nigerian Oil and Gas Firms’ Debt Soars by Over 40% Due to Naira Devaluation
The debts owed by oil and gas companies to Nigerian commercial banks have surged by over 40% due to the recent…
Delay in Seplat’s ANOH Gas Processing Plant Completion Poses Challenge to…
The completion date for Seplat's ANOH Gas Processing Plant, a critical component of Nigeria's gas development…
Naira Hits All-Time Low of N993.82 per Dollar, Prompting Government Actions
The Nigerian Naira experienced a significant depreciation, reaching an all-time low of N993.82 per dollar at the…
Bloomberg: Nigerian Government Aims to Bring Dollar Rate Down to N750 by December
The Nigerian government, through the Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo…
Navigating the Frontiers of Artificial Intelligence: UK’s AI Safety Summit
The debate surrounding artificial intelligence (AI) remains polarized, with opinions ranging from its potential…
Raxio Data Centres Secures $46 Million in Equity Funding to Fuel Expansion in…
Raxio Data Centres, a leading provider of carrier-neutral data centres in Africa, has secured an additional $46…
EBRD Considers Investment in SPE Capital’s New North Africa Fund
The European Bank for Reconstruction and Development (EBRD) is contemplating an equity investment of USD 40…
Democratic Republic of Congo Sets Ambitious $6.6 Billion Investment for…
The Democratic Republic of Congo (DRC) has unveiled an ambitious plan to invest $6.6 billion over a decade in its…
Gulf Capital Successfully Exits iSON Xperiences, Marking a Milestone in Growth
Gulf Capital, a prominent private equity firm operating in Asia and the GCC, has announced its successful exit…
RMB Corvest and Shalamuka Capital Acquire Stake in VoIP Telecom Provider Switch…
Private equity firm RMB Corvest, in collaboration with BEE investment vehicle Shalamuka Capital, has completed…