World Diesel Prices are Declining as the Economic Recession gets Worse.
As the economy sputters, additional refineries start operating, and exports from Russia are rerouted and replaced!-->…
The East Coast Refineries Get Rare Cargoes of Forties Crude.
The latest indication that Russia's invasion of Ukraine is altering global oil supplies is that U.S. and Canadian!-->…
$800m W’Bank Support: NECA Requests that Repairing Refineries Be Given…
The Nigeria Employers' Consultative Association (NECA) has urged the federal government to fix the nation's!-->…
BUA Foods’ Sales Rises to N418 billion
The consumer goods company BUA Foods reported that its full-year revenue for 2022 increased by 26% to N418.3!-->…
MTN Shareholders can Purchase Dividend-paying Shares at N232.68.
For interested shareholders, MTN Nigeria has disclosed the price per unit for its shares under the scrip dividend!-->…
Report: Less than 7% of African Businesses are Adopting Technology.
According to the paper that was published, economists from the World Bank and IFC examined data from a survey of!-->…
Reps are Looking into Claims that NNPCL Officials Diverted N20 billion.
The Nigerian National Petroleum Corporation Limited is the subject of an investigation by an ad hoc committee!-->…
World Bank: The Value of the Naira Decreased by 10% in 2022.
The World Bank estimates that in 2022, the value of the naira fell by 10.2%. This occurred at a time when the!-->…
According to analysts, U.S Banks are Offering Incentives to Lock in Consumer…
As the Federal Reserve increased interest rates, customers cried out for banks to pay more for deposits. Analysts!-->…
LCCI: The Increase of Nigeria’s Public Debt Deeply Concerns Us.
The Lagos Chamber of Commerce and Industry (LCCI) is concerned about Nigeria's national debt, which will expand!-->…
Nigerias’ Financial Crisis Lowers Productivity in the Private Sector.
In March 2023, the private sector of the Nigerian economy saw productivity steadily decline as a result of the!-->…
Senate Debates Buhari’s Request for a N9.6 billion Refund to Plateau and…
Ahmad Lawan, the President of the Senate, requested that the Senate Committee on Foreign and Local Loans take into!-->…
Senate Indicts NNPCL for Withholding Information on N102 billion.
The Nigerian National Petroleum Corporation Limited (NNPCL) was indicted by the Senate for failing to submit!-->…
NCDMB Opens a N7 billion Pipe Manufacturing Facility.
The groundbreaking ceremony for a N7 billion pipe manufacturing facility at Polaku, Bayelsa State, was conducted!-->…
Nigeria’s Poor Oil Output will Impact OPEC+ Supplies.
According to a Reuter article, Nigeria and Angola are to blame for the OPEC oil output being one million less than!-->…
A Bitcoin Site with over a million Nigerian Members is Shut Down.
Paxful, a peer-to-peer Bitcoin exchange with 1.5 million customers in Nigeria, has announced that it is ceasing!-->…
Broadband Subscribers Increase Consistently, Reaching 92.6 Million in February…
According to data given by the Nigerian Communications Commission (NCC), Nigeria's broadband subscribers increased!-->…
World Bank: Incoming Govt Faces Weak Growth, Multiple Policy Issues
According to the World Bank, this year will bring policy issues and lackluster economic development for Nigeria's!-->…
UBA Increases Loan Portfolio by N605 billion.
The United Bank for Africa (UBA) that its loan portfolio increased by N605 billion during the 2022 fiscal year.
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Subsidy Removal: FG to Disburse $800 million to 50 million Nigerians.
According to Finance Minister Zainab Ahmed, Nigeria has received $800 million from the World Bank to expand its!-->…
FEC Approves N392.786bn Contracts for Works Ministry, Customs, and Other.
The Federal Executive Council (FEC) adjourned meeting in Abuja after approving a number of contracts worth a!-->…
Fashola: Second Niger Bridge to be Opened May 15.
According to the Federal Government, the second Niger bridge would be completely accessible to traffic on May 15.!-->…
Nigeria FG Implements 180 Business-friendly Reforms.
More than 180 reforms have been implemented by the Presidential Enabling Business Environment Council with the!-->…
African Development Bank Approves $525,000 Grant for Fintech Companies.
A grant of $525,000 has been authorized by the African Development Bank for an online digital hub that will act as!-->…
International Breweries Increases Revenue by 20% to N218 Billion in 2022.
For the fiscal year that ended on December 31, 2022, International Breweries Plc saw a double-digit increase in!-->…
Nigerian Stock Market Draws $19.2 Billion in Investment Over Five Years.
According to a National Bureau of Statistics research, the Nigerian stock market drew a total of $19.2 billion!-->…
Foreign Capital Imports Fall to $5.32 billion in 2022 from $1.06 billion in Q4.
Capital inflows decreased by 8.53 percent, from $1.15 billion in the previous quarter to $1.06 billion in the!-->…
37 FG Agencies are Charged in a Recent Audit Report.
The Panel on Public Accounts indicted 37 Ministries, Departments, and Agencies for financial procedure violations!-->…
A Manufacturer of Solar Vehicles is Opening a Factory in Nigeria.
En1 Technologies has made plans to start making solar-powered automobiles in Nigeria and other African nations.!-->…
Access Holdings Finances a Bank Subsidiary with $300 million.
According to Access Holdings Plc, it has completed a $300 million capital investment into Access Bank Plc, its!-->…