Asia’s Oil Imports Surge in May, Driven by India
Asia's crude oil imports reached a 12-month high in May, fueled by a massive increase in demand from India. The…
U.S. Announces $176 Million in Additional Aid for West Africa
The United States Agency for International Development (USAID) announced nearly $176 million in additional…
Elon Musk reclaims title of world’s richest person with $209bn net worth
Elon Musk reclaimed the title of the world's richest person thanks to his new AI startup, xAI. The company's $6…
Shell, others pay NDDC $142m in one year
Shell Petroleum Development of Nigeria (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCo)…
Airspace management agency seeks reversal of 50% revenue deduction
The Nigerian Airspace Management Agency (NAMA) is facing financial difficulties due to a 50% reduction in their…
Dash for debt sees 64% surge in naira loan apps
The number of digital lenders in Nigeria has skyrocketed by 64% in the past year. This surge reflects Nigerians'…
Aigboje Aig-Imoukhuede Wins African Banker Lifetime Achievement Award
Nigerian banking leader Aigboje Aig-Imoukhuede has been awarded the prestigious African Banker Lifetime…
Court gives GTB nod to seize Afex over N17.8b Anchor Borrowers’ Loan
Guaranty Trust Bank (GTBank) has secured a court order to freeze the assets of Afex Commodities Exchange Limited…
Naira appreciates to N1,375/$ in parallel market
Nigeria's Naira showed mixed performance on Wednesday, appreciating slightly on the black market but depreciating…
Investment Tribunal Settles Over N1 Trillion in Capital Market Disputes
The Investment and Securities Tribunal (IST) has played a key role in fostering investor confidence in the…
Nigeria’s E-commerce Boom Expected to Hit $14.92 Billion by 2029
Nigeria's e-commerce market is expected to experience significant growth in the coming years, with a projected…
New Export Policy Requires “Nigeria Export Proceeds” Form for NPA…
The Nigerian Ports Authority (NPA) is implementing a new policy requiring exporters to fill out a "Nigeria Export…
NGX retail transactions dip by 54.89% – Report
Retail transactions on the Nigerian Exchange Limited (NGX) saw a significant drop of 54.89%, falling to N100.77…
World Bank Disburses $250,000 US Dollars To 10 Vulnerable Nasarawa Communities
The World Bank, through its Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) program, has disbursed a…
FBN Holdings Shareholders To Share N14.3bn Dividend For FY 2023
FBN Holdings Plc. announced strong financial performance for the year ending December 2023. The company reported a…
Transcorp Boss Calls for Full Power Sector Privatization, Debt Resolution
Tony Elumelu, chairman of Transcorp Plc., urged the Nigerian government to fully privatize the power sector to…
Zenith Bank’s CEO Retains “Best Banking CEO in Africa” Title for…
Dr. Ebenezer Onyeagwu, Group Managing Director/Chief Executive Officer of Zenith Bank Plc, has been recognized as…
BoI extends application for RAPID fund for MSMEs
The Bank of Industry (BOI) has extended the application deadline for its Rural Area Program for Investment and…
Sacked Turkish Airlines staff not involved in ticket racketeering — Union
The National Union of Air Transport Employees (NUATE) has strongly contested the reasons given by Turkish Airlines…
Naira Crisis Drives Nigerians to Locally-Used Cars
Soaring prices of imported vehicles are pushing Nigerian car buyers towards locally-used alternatives. The…
Oil GDP slows to 5.7% as production problems linger
Nigeria's oil sector, a critical source of government revenue and foreign exchange, is experiencing a significant…
Nigeria Labor Congress to Present Revised Minimum Wage Proposal
The Nigeria Labour Congress (NLC) is expected to present a new proposal for a minimum wage increase at a meeting…
Shares nudge higher as US, EU inflation data loom
World stock markets edged higher on Monday as investors awaited key inflation data releases this week. This data…
Dollar firm ahead of global inflation data
The U.S. dollar remained stable on Monday but is poised for its first monthly decline this year. Investors are…
Stellantis to announce Italy-produced hybrid version of 500 EV, sources say
Fiat's owner, Stellantis, is set to unveil a hybrid version of its popular 500e electric car. Production of this…
Musk’s AI Company xAI Secures $6 Billion, Aims to Challenge OpenAI
Elon Musk's artificial intelligence startup, xAI, has secured a massive $6 billion investment, propelling its…
UBA appoints Emmanuel Nnorom as non-executive director
The United Bank for Africa (UBA) has appointed Emmanuel Nnorom as a new non-executive director to its board.…
Brewers post N170bn loss on weaker naira, rate hikes
Nigeria's major brewers face financial difficulties after a combined loss of N169.7 billion in the first quarter…
TotalEnergies Snubs Nigeria Again, Invests $600 Million in Congo’s Oil…
French oil giant TotalEnergies has passed over Nigeria for a second time, opting to invest $600 million in the…
Royal Electronics launches new products in Nigeria
Royal Electronics is bringing a wave of innovation to Nigerian homes with the launch of five new product…