NNPCL, CNOOC, and SAPETRO renew oil production contracts in OML 130.
The Nigerian National Petroleum Company Limited announced the renewal of the Oil Mining Lease 130 Production…
The NDDC acknowledges the Senate for adopting the N876 billion budget.
The Niger Delta Development Commission has praised the House of Representatives for clearing the commission's N876…
African subsidiaries account for half of UBA’s earnings – CEO.
United Bank for Africa Plc has reported that all of its African businesses are now on solid ground, adding…
Shareholders of Access Holdings Approve N1.30 Final Dividend and Growth Expansion.
The shareholders of Access Holdings Plc approved the management's final dividend payout of N1.30 at the…
Berger shareholders have approved N202 million in dividends.
Shareholders of Berger Paints of Nigeria Plc, a maker of paints and allied goods, have approved the payment of…
Buhari seeks Senate approval to pay $556 million, £98 million, and N226 billion in…
The judgment debts were resolved by the issuance of promissory notes, which will subsequently be evaluated over…
OPEC chief warns that global oil output is decreasing.
Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries, has warned that world…
BREAKING: CBN increases interest rate to 18.5%.
The Central Bank of Nigeria's Monetary Policy Committee unanimously voted to raise its monetary policy interest…
Shipowners estimate that $20 million is spent each year on vessel repairs.
Despite the Nigerian Maritime Administration and Safety Agency's (NIMASA) acquisition of a N50 billion floating…
The NDIC will auction the assets of failed banks and reimburse clients.
Following the Central Bank of Nigeria's cancellation of licenses for 179 microfinance institutions and four…
GDP fell to 2.3% in Q1 due to cash shortage, according to the NBS.
Cash shortages created by the Central Bank of Nigeria's naira redesign policy have driven Nigeria's GDP growth…
NIN and debit card integration approved by the FG.
Nigerians can now request that their commercial banks issue them a debit card that also serves as their National…
Nigeria: NNPCL to Boost Oil Reserves As Fresh Drilling Begins in Borno.
The Nigerian National Petroleum Company Ltd has resumed an oil drilling program in Wadi-B in Borno State's Jere…
AXA Mansard Increases GWP by 13% and Adopts IFRS-17.
AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management organization,…
In April, bank credit to the private sector surpassed N44 trillion.
The Central Bank of Nigeria (CBN) has revealed that banking industry lending to the private sector surpassed N44…
Sirika inaugurates a N2 billion enhanced GAT at Lagos International Airport.
Senator Hadi Sirika, Minister of Aviation and Aerospace, launched the first phase of the N2.2 billion General…
CBN’s external reserves have fallen by $1.5 billion in four months.
According to information received from the Central Bank of Nigeria, the country's external reserves declined by…
The CBN cancels the licenses of 179 microfinance banks and others.
The Central Bank of Nigeria has cancelled the licenses of 179 microfinance banks, four primary mortgage banks, and…
Buhari begins oil drilling in the Chad Basin.
The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno…
According to a report, forex turnover has dropped by 47%.
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market…
Aviation stakeholders want the 40% TSA deduction reviewed.
Aviation stakeholders have demanded that the requirement that 40% of aviation agencies' earnings be paid into the…
Report: foreign airlines earned $1.1 billion in Nigeria in 2022.
Despite difficulties with foreign exchange, foreign airlines operating in Nigeria made almost $1.1 billion in…
Senate’s approval of N22.7tn loan may increase bond rates.
Capital market specialists have warned that the securitization of the Senate's N22.7 trillion Ways and Means…
Venture Fund-of-Funds for SA SME Holds First Close, Exceeding Target.
The R1 billion Venture Capital Fund of Funds (VC FoF), a partnership between government and business aimed at…
RMB Ventures purchases a sizeable minority share in a mining services provider.
RMB Ventures announces a strategic equity investment in Mafika Engineering, a major provider of mining services.…
The acquisition of a South African tech company is being driven by Infinite…
A group of private equity investors led by independent private equity fund manager Infinite Partners have agreed…
Breweries and the Tobacco Sector on the Verge of Disaster.
According to Dike Onwuamaeze, businesspeople and economists have expressed concern that the 2023 Fiscal Policy…
“Nigeria: $21 billion in revenue, 100,000 jobs coming from our…
President Buhari opened the refinery at Ibeju-Lekki, Lagos, and Dangote, said its products "will be in the market…
Report: Nestle Borrowings Rise to N155bn.
At the end of the 2022 fiscal year, Nestle Nigeria Plc's total interest-bearing obligations increased by 102.05…
Nigeria receives 30% of all FDI in Africa, according to NITDA.
Nearly 30% of Africa's foreign direct investment, according to Kashifu Inuwa, Director General of the National…