FG Insists Nigeria Has Enough Petrol in Stock, Says Supply Disruption an Accident
Despite the growing queues across the country, the federal government has maintained that there is enough petrol in…
Qatari Investments In Nigeria to Hit N500bn, Says Envoy
With current renewed efforts at strengthened bilateral relations, the State of Qatar has forecasted that its level…
NEITI: Companies Owed FG N1.32trn in 2020, Oil Revenue Dipped by 40%
The Nigeria Extractives Industries Transparency Initiative (NEITI) revealed yesterday that oil companies'…
US Firm, Kimberly-Clark Expands Investment in Nigeria to over $100m
The United States has stated that it is proud to be one of the largest foreign investors in Nigeria, as leading…
World Bank approves $723 million emergency financing package for Ukraine
The World Bank has approved a $723 million grant package for Ukraine, which would help the country’s government…
Fed Govt, Ukraine turn back volunteer fighters
The Federal Government has stated its opposition to the recruitment of Nigerians as mercenaries to fight in Ukraine…
APC crisis: Why Buhari approved Buni’s sack
Prominent leaders of the All Progressives Congress (APC) confirmed yesterday that President Muhammadu Buhari…
Excitement as Benin Republic grants Sunday Igboho conditional release
The Benin Republic has granted the embattled Yoruba nation agitator, Sunday Adeyemo (a.k.a. Sunday Igboho), a…
NCDMB: Afreximbank Invested over $42bn in African Enterprises in Five Years
The Nigerian Content Development and Monitoring Board (NCDMB) yesterday disclosed that the African Export-Import…
Oil could hit $150/barrel if the West sanctions Russia’s energy exports
Since Russia began its special military operation in Ukraine, the United States and other European nations have…
Worries as global powers launch new ‘scramble for Africa’
There is another scramble for Africa according to international media, but this time it is about who can best…
Transcorp Hotels profit increases by 143% as revenue hits N21.7 billion
Transcorp Hotels Plc has announced its audited financial statements for the full year ended December 31, 2021,…
Stock Market Begins First Trading Week with N32bn Decline
The stock market of the Nigerian Exchange Limited (NGX) commenced March dropping by N32billion on investors’…
UBA’s profit rose to N153bn in 2021
United Bank for Africa Plc said it recorded N153bn profit for the 2021 financial year ended December 31,…
CBN plays lead role in agric to create jobs, says Emefiele
The CBN governor Godwin Emefiele has expressed satisfaction with the level of interest and the impact the…
Ukraine-Russia war: Nigeria, others may face commodity supply disruptions, says…
The International Monetary Fund says countries that have very close economic links with Ukraine and Russia are at…
Mining, quarrying sector contributed N5.37tn to GDP in 2021’
The mining and quarrying sector recorded a total contribution of N5.37tn to the Gross Domestic Product in 2021,…
Mortgage rates plunge just as home prices set another record
Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that…
Russia’s Sberbank collapses 95% on London stock exchange as it exits Europe
Shares of Russia’s Sberbank plunged 95% on the London Stock Exchange on Wednesday to trade as low as a penny …
Wheat prices trade ‘limit up’ again, hit highest in nearly 14 years
Wheat futures reached new multiyear highs Wednesday, as war between major exporters Russia and Ukraine…
Uganda Revenue Authority Recored sh1.8 Trillion Tax
Uganda Revenue Authority (URA) collected sh1.8 trillion in tax in January, according to the Ministry of Finance.…
Amana Capital To Raise $2 Million Funding
Fund manager Amana capital is seeking to raise $2 million (Sh227.8 million) in the form of debt and/or equity. The…
Treasury Fights Billionaire Rai On Leasing Mumias
The Treasury has opposed West Kenya’s bid for lease of Mumias Sugar Company on concerns that its billionaire owner…
World Bank To Provide Fund For Ukraine
The World Bank says it is preparing a $3 billion aid package for Ukraine in the face of Russia’s invasion. The bank…
Naira Exchange At N578 To $1
The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign…
Champion Breweries Recorded 520% Increase In Post Tax Profit
Champion Breweries Plc has released its FY 2021 results which revealed 520% growth in post-tax profit, from N159…
Africa Prudential Announces Dividend Payment To Shareholders
Africa Prudential Plc has announced a dividend payment of N0.50 kobo per 50 kobo ordinary share for the financial…
Nigeria: Market Capitalization Decreases
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
Maersk Suspends All Container Shipping To/From Russia
Maersk, the world's largest container shipping line, has publicly stated that it will suspend deliveries to and…
Ukraine Raises More Cryptocurrency Donations Amid War
With Russia’s invasion continuing, Ukraine has expanded the types of cryptocurrencies it accepts for donations.…