NLNG’s $4.3bn Train-7 project reaches 67% completion
Nigeria LNG Limited has announced that its $4.3 billion Train-7 project is now 67% complete. The project has…
FG seeks N450 billion from June 2024 bond auction
The Federal Government of Nigeria aims to raise at least N450 billion through its June 2024 bond offer, as…
Olufemi Otedola Becomes Largest Shareholder in FBN Holdings with New Share…
Olufemi Otedola, chairman of FBN Holdings, has acquired an additional 546,674,034 shares through Calvados Global…
Africa Global Logistics Launches in Nigeria, Unveils Growth Plans
Africa Global Logistics (AGL), formerly Bolloré Africa Logistics, has officially launched in Nigeria, aiming to…
Fidelity Bank: we have all it takes to surpass N500b capital
Fidelity Bank Plc has announced a capital-raising initiative of N127.10 billion to enhance its market position and…
WIOCC raises $41 million to expand infrastructure in Nigeria, others
The West Indian Ocean Cable Company (WIOCC) has secured $41 million in debt funding led by IFC and Proparco to…
Nigerians Living In Urban Cities Make Up 83% Of Beneficiaries Of FG’s Cash…
The Nigerian government’s cash transfer program, supported by an $800 million World Bank loan, has reached over…
Swiss National Bank Calls for Stronger Financial Regulations Post Credit Suisse…
Switzerland's financial regulations need strengthening after UBS's takeover of Credit Suisse, according to the…
Honeywell to buy aerospace and defense firm CAES Systems for $1.9 bln
Honeywell has agreed to purchase aerospace and defense technology firm CAES Systems from Advent International for…
WestJet Works to Resume Normal Operations After Union Rescinds Strike Notice
WestJet Airlines is working to return to normal operations following the rescindment of a strike notice by the…
Guzman Y Gomez surges 37% in hottest Australian IPO in three years
Guzman Y Gomez (GYG.AX), a Mexican food chain, delivered Australia's best initial public offering (IPO) debut in…
Citigroup Eyes European Expansion Despite Political Instability
Citigroup (C.N) is poised to expand its business in Europe despite the continent's political volatility, which has…
Nigeria’s Petrol Prices Surge by 223% in May
Month-on-month, the price increased by 9.75%, up from N701.24 in April 2024. The report highlights that the…
Okomu Oil, Presco post 94% growth in profits in Q1’2024 amid rising inflation
The combined profit of Presco Plc and Okomu Oil Palm Company Plc soared by 94.32% in the first quarter of 2024…
World Bank disburses $300m palliative loans, benefitting 3 million Nigerians
The World Bank has disbursed an $800 million palliative loan to assist poor and vulnerable households affected by…
Nigeria’s credit penetration rises to 14%
During the CRC Finance and Credit Conference 2024 in Lagos, CRC Credit Bureau Limited revealed that Nigeria's…
Customs one-year revenue rises by 74%, hits N4.5tn
The Nigeria Customs Service (NCS) has reported a significant 74% growth in revenue collection, reaching N4.49…
Aradel crude production hits 13,000bpd
Aradel Holdings Plc, an indigenous energy company, has announced a remarkable increase in its crude oil and…
Equity market resumes from Sallah holiday with N47bn loss
Investors on the Nigerian Exchange faced losses totaling approximately N47 billion as trading resumed after the…
Federal Government’s Borrowings from World Bank Total $4.95bn in 12 Months
Over the past year, the Federal Government of Nigeria has borrowed a total of $4.95 billion in loans from the…
SEforALL Reappoints Damilola Ogunbiyi as CEO for Second Term
The Sustainable Energy for All (SEforALL) Governance Board has approved the reappointment of Ms. Damilola Ogunbiyi…
FG, World Bank Trains 496 Youth in Web, App Development
In collaboration with Information Technology (IT) firms, the World Bank and the federal government have trained…
Nigeria’s trade with UK crashes by 25% in Q1 2024 on lower exports
Nigeria's total trade with the United Kingdom declined by 25% in the first quarter of 2024, despite higher values…
Lagos State to Establish Aviation Unit, Develop Lekki Airport
The Lagos State Government will create an Aviation Unit within the Ministry of Transportation to enhance oversight…
U.S President allows legal status for 500,000 illegal immigrants married to its…
President Biden has granted legal status and a streamlined pathway to U.S. residency and citizenship for about…
Lagos State aims for 52% clean energy BRT buses by 2050
The Lagos State Government has set an ambitious target to significantly reduce carbon emissions in public…
WFP partners Nigeria, others to kickstart food assistance program, targets 7.5…
The United Nations World Food Program (WFP) has partnered with Nigeria and other West and Central African…
EnjoyCorp Acquires 86.5% Stake in Champion Breweries Plc
The Board of Champion Breweries Plc has announced the completion of an 86.5% stake acquisition by EnjoyCorp…
Dangote refinery enters Asian market, ships first low-sulfur oil to Singapore
Nigeria’s Dangote Refinery is set to dispatch its first shipment of low-sulfur straight-run fuel oil (LSSR) to…
Asian, local companies take over as western multinationals exit Nigeria
As major multinationals from the US and Europe exit Nigeria, Asian and local companies are stepping in to fill the…