Nigeria Air Project Remains Suspended Pending Presidential Decision
The Nigerian government's Nigeria Air project remains suspended as Minister of Aviation and Aerospace Development,…
Stanbic, Citibank, Rand lead $1bn capital importation
In the fourth quarter of 2023, Nigeria saw a 2.62% increase in capital importation, reaching $1.09 billion,…
Nigeria’s N121.6trn Debt Exceeds 50% GDP
PricewaterhouseCoopers International Limited (PWC) has reported that Nigeria's public debt soared to N121.67…
Credit to government rises by 42% to N28.4trn
Credit to the Nigerian government experienced a substantial month-on-month increase of N8.4 trillion, rising by 42…
Australia raises international student visa fees by 225% to prevent migration
Australia has significantly increased student visa application fees from $710 to $1,600, effective July 1, 2024,…
Best performing stocks in the NGX in the first half of 2024
The Nigerian Exchange (NGX) achieved a significant growth of 33.81% in the first half of 2024, with the All-Share…
Coronation Insurance posts 192% profit growth in 2023
Coronation Insurance Plc has reported an impressive year-on-year profit growth of 192% for the fiscal year 2023.
…
Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
Nigeria's telecommunications sector attracted $191.5 million in Foreign Direct Investments (FDIs) in Q1 2024.
…
Dangote refinery begins gasoil exports to West African countries, as imports from…
Nigeria’s new Dangote oil refinery is increasing gasoil exports to West Africa, capturing market share from…
World Bank Restructures Nigeria Digital ID Project to Ensure $430 Million Funding
The World Bank is restructuring Nigeria’s Digital Identification for Development (ID4D) project to secure the full…
Toyota to launch three electric vehicles in Nigeria
Toyota Nigeria Limited (TNL) announced plans to introduce three electric vehicles in Nigeria over the next three…
New Minimum wage may push states into bankruptcy — NGF report
The implementation of a new minimum wage in Nigeria is facing roadblocks. While President Tinubu has promised to…
NESG Backs CBN’s Stoppage Of Price Verification System On FX
The Nigerian Economic Summit Group (NESG) is praising the Central Bank of Nigeria's (CBN) decision to eliminate…
MRS Nigeria Delisted from the Nigerian Stock Exchange, Eyes OTC Market
MRS Nigeria Limited, an oil marketing firm, has received shareholder approval to voluntarily delist its shares…
MTN To Construct West Africa’s Largest Data Centre
MTN Nigeria is building the largest data center in West Africa, a signficant development for the country's digital…
Nigeria Removes 5 Oil Blocks from Licensing Round Due to Legal Issues
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has removed five (5) oil blocks from the ongoing…
Russia’s VTB bank says US sanctions have complicated cross-border…
The recent U.S. sanctions on Moscow have significantly affected Russian banks, including VTB, Russia's…
Ackman’s Pershing Square USA to offer shares at $50 in NY listing
Pershing Square USA, managed by billionaire Bill Ackman, is preparing for its initial public offering (IPO) on the…
Aircraft delivery delays having ‘brutal’ impact on Lufthansa, says CEO
Carsten Spohr, CEO of Lufthansa (LHAG.DE), revealed at a business press club in Stuttgart that ongoing aircraft…
Italy claims 1 billion euros in unpaid taxes from Google
Italy is seeking 1 billion euros ($1.07 billion) from Google in unpaid taxes and penalties, according to three…
Nigeria’s cryptocurrency market worth over $400m — SEC DG
The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, highlighted the…
220 Drug Suspects Arrested As NDLEA Destroys 14 Cannabis Farms In Edo
The Edo State commander of the National Drug Law Enforcement Agency (NDLEA), Mr. Callys Alumona, announced that…
Naira Depreciates Further, Exchanges At N1,510/$
The Naira maintained its downward trend, reaching N1,510.10 against the US Dollar as reported by Daily Trust. This…
Nigeria Spends N1.47tr On Vehicle Importation
Mr. Oluwemimo Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC),…
EFCC Chairman recommends blockchain, AI for tracking and recovering $88.6 billion…
Mr. Olanipekun Olukoyede, Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has called…
About 60% of applicants have received N50,000 under trade grant scheme — Doris…
During the National Economic Council (NEC) meeting at the Presidential Villa, President Tinubu announced…
Federal Government Launches Task Force to Tackle Illegal Charter Flights in…
The Federal Government has taken decisive action to address the proliferation of unauthorized and illegal charter…
VFD Group Obtains Shareholders’ Approval to Raise N30bn Additional Capital
At its virtual 8th Annual General Meeting (AGM), VFD Group Plc secured shareholders' approval to raise an…
Ethiopian Airlines Group Wins Double Awards in Africa
Ethiopian Airlines Group, recognized as Africa's largest airline group, has secured top honors once again at the…
‘FirstBank Committed to Boost Economy through Creative Arts’
Dr. Timothy Arowoogun, Group Head, Public Sector West of FirstBank of Nigeria (FBN), emphasized the potential of…