Nigeria’s current account balance exceeds $1.432bn, says IMF
Nigeria's current account balance has achieved a surplus of $1.432 billion in 2024, an improvement from the $1.21…
Oil price drops below budget benchmark, as output stagnates
Nigeria's 2024 national budget is under significant funding pressure due to a sustained decline in oil prices and…
Fidelity Bank Plc undertakes a N29.6bn Rights Issue and N97.5bn public offer
Fidelity Bank Plc is set to raise up to N127.1 billion via a Rights Issue and Public Offer, as part of its…
Investors shun 182-day T-Bills, flock to 364-day bills with N677 billion…
The latest Nigerian Treasury Bill auction on June 5th, 2024 revealed a strong preference for longer-term…
FCMB Shareholders Raise Issued Capital To N150bn
FCMB Group Plc shareholders have approved a significant increase in the company's capital base. This move will…
CNG initiative to cut petrol import spendings by $4.4bn annually–FG
Nigeria's government is launching a Compressed Natural Gas (CNG) initiative to reduce reliance on expensive petrol…
Foreign airlines mull comeback as FG clears trapped funds
Foreign airlines are flocking back to Nigeria after the government cleared nearly all of their previously trapped…
Minimum wage: Our 494k demand is not fixated – TUC president
Nigeria's five-day-old labor strike protesting low wages has been called off to allow for continued negotiations…
Naira remains calm across FX markets dollar sales rise by 94.46%
Nigeria's naira remained relatively stable on Tuesday across both official and unofficial foreign exchange…
Fitch Ratings sees naira settling at 1450/$ by December
Fitch Ratings, an international credit agency, forecasts the Nigerian naira to end 2024 at 1450 per dollar. They…
Oil investors wrestle 20 agencies in dollar-starved Nigeria
Nigeria's oil and gas sector, despite boasting Africa's largest oil reserves, is struggling to attract investment…
Minimum Wage Talks Paused for Further Consultation
Nigeria's tripartite committee tasked with negotiating a new minimum wage has temporarily halted discussions to…
Customs intercept N96m marijuana along Lagos Bar Beach
Nigerian Customs officers intercepted a large shipment of cannabis sativa worth an estimated N96 million during a…
FG to Mandate Oil Sales to Dangote Refinery
Nigeria's oil regulator, NUPRC, is stepping in to ensure international oil companies (IOCs) supply crude oil to…
CNG will reduce petrol imports by $4.4bn–FG
Nigeria is making a strong push to transition towards Compressed Natural Gas (CNG) as a transportation fuel. The…
Nigeria loses N149bn to one-day oil workers strike
Nigeria's oil production was significantly disrupted due to a nationwide strike by oil workers protesting the…
Global unemployment declines, says ILO
The International Labour Organization (ILO) predicts a small decline in global unemployment for 2024, reaching…
Atlanta Black Chambers names Nigerian spokesman
The Atlanta Black Chambers (ABC), a prominent organization supporting Black-owned businesses, has appointed Samuel…
Nigerian Pension Provider Launches AI Chatbot for Improved Customer Experience
Veritas Glanvills Pensions Limited (VG Pensions) has introduced an innovative customer service solution - an…
Passengers Report Stolen Belongings on Air Peace Flight
Several passengers on a recent Abuja-bound Air Peace flight claim their belongings went missing during the trip. A…
EU aviation regulator to allow FAA to observe its plane audits
European aviation regulators are proposing a new level of cooperation with their American counterparts. The…
US farmers opt for soy to limit losses as all crop prices slump
Illinois farmers like Mark Tuttle are planting more soybeans and less corn this year in a desperate attempt to…
U.S. job openings drop in April, as labor market cools
The U.S. job market appears to be cooling down, with job openings dropping to a three-year low in April. This…
Chinese security firm Nuctech challenges EU raids over alleged subsidies
Nuctech, a Chinese company manufacturing security scanners, is suing the European Commission after its offices…
Boeing’s Calhoun says board will decide his successor
Boeing's outgoing CEO David Calhoun is stepping down by the end of the year. The board is actively searching for…
Toyota Recalls Over 100,000 Vehicles Due to Potential Engine Stall
Attention Toyota and Lexus owners! There's a recall on certain 2022-2023 Tundra pickup trucks and LX 600 SUVs…
Paramount Global’s top execs detail restructuring plan; shares fall
Paramount Global is undergoing a major shakeup. Facing declining revenue from traditional television and a…
Flour Mills revenue hits N2.3tn
Flour Mills of Nigeria (FMN), a leading food and agro-allied company in Nigeria, announced impressive financial…
UK dedicated to maximising trading scheme uptake – Envoy
The British government is eager to leverage a trade scheme designed to benefit developing countries like Nigeria.…
Tax reforms committee proposes daily sharing of FAAC funds
The federal government has approved a new policy exempting small businesses from withholding tax. This means…