Nigeria-Germany trade volume hit $3bn in 2023 – Official
The Consulate-General of Germany in Lagos, Weert Borner, announced that trade between Nigeria and Germany reached…
FX turnover crashes by 21% in first two weeks of August amid CBN’s Retail Dutch…
The Nigerian official foreign exchange (FX) market saw a significant decline in turnover during the first two…
CBN unveils new exchange rates for pound, euro as naira settles at N1,579.22/$1
The Central Bank of Nigeria (CBN) announced revised foreign exchange rates, showing slight declines in the naira's…
Why govt is still subsidising electricity, by Adelabu
Minister of Power, Chief Adebayo Adelabu, revealed that the Nigerian government heavily subsidizes electricity, as…
NNPC Pledges 221,000bpd To Repay $5.5bn Loans
The Nigerian National Petroleum Company (NNPC) Limited has pledged 221,000 barrels per day (bpd) of crude oil to…
FG to commence naira crude oil sales to Dangote refinery October 1
The Nigerian Federal Government will begin selling crude oil to the Dangote Refinery in naira starting October 1,…
Amidst fuel crisis, NNPC Retail cedes total control to OVH
The ownership of NNPC Retail, the downstream arm of the Nigerian National Petroleum Company Limited (NNPC), has…
NNPC battles deepening fuel scarcity, black market booms
The Nigerian National Petroleum Company Limited (NNPC) promised to resolve the ongoing petrol scarcity by…
MTN, others get permits to generate electricity
The Nigerian Electricity Regulatory Commission (NERC) has issued nine new off-grid generation licenses in the…
FG shifts N150bn loan disbursement for manufacturers to September
The Federal Government has delayed the start of a N150 billion loan disbursement for manufacturers and MSMEs to…
NAHCO denies N778m fraud allegations
The Nigerian Aviation Handling Company (NAHCO) has strongly denied allegations of fraudulent activities related to…
N847bn lost as equity market extends downtrend
The Nigerian equity market continued its decline for the second week, shedding N847.03 billion as the All-Share…
External reserves shed $343m in nine days, says CBN
Nigeria’s foreign exchange reserves fell by $342.97 million in just nine days, reducing the total to $36.53…
FCMB appoints new board members
First City Monument Bank Limited has appointed Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of…
Union Bank begins recapitalisation
Union Bank of Nigeria is kicking off a recapitalisation effort to boost its financial stability.
This move…
NSITF Targets One Million Annual Registration, Settles Over 100,000 Claims
The Managing Director and CEO of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Oluwaseun Faleye, announced…
Dwindling Telecom investments: NIGCOMSAT proposes strategic partnerships to…
Nigeria’s telecommunications industry is facing a downturn due to the devaluation of the naira, which has…
Delay In Crude Supply To Dangote Refinery Poses Risk To Nigeria’s Economy — EIU…
The Economist Intelligence Unit (EIU) has raised concerns that further delays in securing crude oil feedstock for…
SEC to set up special units as unclaimed dividends hit N215bn
The Securities and Exchange Commission (SEC) is launching a special unit and developing a mobile application to…
Consumer Goods Companies report reduced margins in the first half of 2024, blame…
In the first half of 2024, consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a…
Nigeria, Equatorial Guinea sign gas pipeline agreement
On Wednesday in Malabo, Nigeria's President Bola Tinubu and Equatorial Guinea's President Teodoro Mbasogo signed…
5,000MW power generation shameful, says minister
Minister of Power, Adebayo Adelabu, expressed strong discontent with Nigeria's current electricity generation…
NUPRC sued in 70 cases this year – Official
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been involved in over 70 legal cases this year…
GTB confirms hackers attempt to compromise website
Guaranty Trust Bank Plc (GTBank) has confirmed an isolated incident involving an attempt to compromise its website…
Equity market extends loss to fourth consecutive day
The Nigerian equity market continued its downward trend on Thursday, marking the fourth consecutive session of…
Multi-billion naira Jauri Inland Dry Port to come on mainstream soon – Zulum
Governor Babagana Zulum of Borno State has reaffirmed the government's dedication to advancing the Jauri Inland…
Dangote Refinery Denies Setting Petrol Price at N600 per Litre
The Dangote Refinery has dismissed claims that it has set the price of Premium Motor Spirit (PMS), commonly known…
Chinese firm to invest $50m in tin, others in Nasarawa
Nizhong Mining Company, a Chinese firm, has announced plans to invest $50 million in the exploration and…
Senate to get bill for CBN’s N30trn Ways & Means liquidation
A bill aimed at liquidating the Central Bank of Nigeria’s (CBN) outstanding N30 trillion Ways and Means advances…
FG Approves Implementation of Zero Duty, VAT Exemption on Selected Food Items
The Nigerian federal government has approved a regulation implementing a Zero percent Duty Rate and Value Added…