South African Rand Appreciates by 11% Amid Economic Recovery
As of September 25, 2024, the South African Rand (ZAR) has risen by 11% against the US dollar since February,…
PZ Cussons cuts pre-tax losses by 86%, boosts revenue for period ending August 31
PZ Cussons Nigeria Plc reported a pre-tax loss of N5.2 billion in its interim financial statements for Q2 2024…
Ethiopian Plans 10 weekly Flights To Rome, Celebrates Six Decades of Services
Ethiopian Airlines has announced plans to expand its weekly flights to Rome, Italy, increasing the frequency to 10…
Car-Free-Day: Lagos, group, restate commitment to NMT infrastructure devt
The Lagos State Government has announced its plans to integrate Non-Motorised Transport (NMT) infrastructure into…
Dangote: NNPC Made Huge Mistake By Reducing Stake in Our Refinery from 20% to 7.2%
Aliko Dangote, Africa’s wealthiest man and President of Dangote Group, has criticized the Nigerian National…
FG Offers N150bn in Bonds for September Auction with Competitive Rates
The Debt Management Office (DMO) has announced that the Federal Government of Nigeria is offering N150 billion…
APM Terminals Apapa sees 25% non-oil exports
APM Terminals Apapa announced a 25% increase in non-oil export throughput for the first half of 2024, handling…
NSIA Insurance grows premium to N22.3bn
NSIA Insurance has reported a 24% growth in Gross Written Premium (GWP), rising to N22.3 billion in 2023 from N18…
Multilateral banks’ climate financing hit $125bn – AfDB
Multilateral development banks, including the African Development Bank (AfDB), have reached a record $125 billion…
Equity market starts week with N79bn gain
The Nigerian equity market started the week on a positive note, gaining N79 billion on Monday due to the…
Finance ministry, Customs’ bureaucracy stalls zero food import take-off
The United States Chamber of Commerce has committed $320 million toward mortgage refinancing and SME financing in…
Tariff hike looms as monthly power subsidy hits N181bn
Dr. Jobson Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission (ICRC), announced…
New US rules to exacerbate trade dispute with China
China has issued a warning to the United States, urging it not to take "discriminatory actions" against Chinese…
Construction of $3.5bn Bakassi seaport to begin soon – ICRC
Dr. Jobson Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission (ICRC), announced…
Customs, SMEDAN partner to ease SMEs’ cross-border trade
The Nigeria Customs Service (NCS) is partnering with the Small and Medium Enterprises Development Agency of…
$3.5bn business deals sealed at Indonesia-Africa Forum 2024
The 2nd Indonesia-Africa Forum held in Bali, Indonesia, resulted in the signing of 32 business partnership deals…
Stock market sustains bullish trend
Ahead of the Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) meeting, the Nigerian stock market…
CBN Expected to Maintain Interest Rates as Inflation Declines Ahead of MPC Meeting
As the Central Bank of Nigeria (CBN) commences its 297th Monetary Policy Committee (MPC) meeting, financial…
PenCom reports over N5.72trn public sector contributions in Q2 2024
The National Pension Commission (PenCom) has reported significant growth in both public and private sector pension…
External reserves hit 22-month high amid naira struggles
Nigeria’s external reserves have surged to a 22-month high of $37.31 billion as of September 2024, driven by…
Cooking gas price rose by 69% in August 2024
The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has seen a significant increase in…
Nigerian economy to hit $400bn by 2026 – Rewane
Bismarck Rewane, the Managing Director of Financial Derivatives Company, forecasts Nigeria's economy to grow by…
Dangote officials, refiners tackle marketers over imported PMS
Officials of the Dangote Petroleum Refinery and the Crude Oil Refiners Association of Nigeria (CORAN) have opposed…
FG eyes economy revamp with single-digit rates, tax incentives
The Nigerian government has introduced key economic reforms aimed at stimulating growth by reducing corporate…
Why Coca-cola suspended its 5-year $1 billion investment pledge to Nigeria in 2021…
The Nigerian presidency has clarified the reasons behind Coca-Cola's initial withdrawal of its $1 billion…
What Exactly Is Cardoso Doing At The CBN
Yemi Cardoso is marking his first year as Governor of the Central Bank of Nigeria (CBN) amid tough economic…
11 plc, Total Energies, AA. Rano, others pay N766 to lift Dangote petrol
Petroleum marketers like 11plc, Total Energies, and AA Rano have started lifting petrol from Dangote Refinery…
Jega Submits Recommendations For Livestock Reforms To Tinubu
Former INEC Chairman, Prof. Attahiru Jega, has presented a 152-page report to President Bola Tinubu, detailing…
World Bank to approve $1.5bn loan to Nigeria by September 26
The federal government is poised to secure a $1.5 billion loan from the World Bank, with approval expected on…
Sterling Holdco boosts recapitalisation with N75b capital
Sterling Financial Holdings Company (Sterling Holdco) has successfully raised N75 billion to support the…