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…
PalmPay Insists on CAC Registration to Prevent Account Freezing
PalmPay is urging its Business users to register and submit their Corporate Affairs Commission (CAC) details by…
Microsoft Not Leaving Nigeria – CEO
Mrs. Ola William, Managing Director and CEO of Microsoft Nigeria plc, has denied rumors that Microsoft plans to…
Dangote refinery: Crude supply crisis threatens oil investments, operators warn FG
Modular refineries in Nigeria are facing challenges due to an unreliable domestic crude oil supply, prompting them…
‘Minor Fire Incident’ at Dangote Refinery Fully Contained, Says Management
A minor fire outbreak occurred at a section of the Dangote Refinery in Ibeju Lekki, Lagos, on Wednesday morning.…
Lagos Battling 2.3m Housing Gap – Commissioner
Lagos State is currently grappling with a significant housing gap of 2.3 million, according to the Commissioner…
CBN discontinues price verification for Form ‘M’ (Effective July 2024)
The Central Bank of Nigeria (CBN) announced that it will discontinue its Price Verification System (PVS) Portal…
Nigeria’s Treasury Bills debt surges to N10.4 trillion, largest balance in…
Nigeria's Treasury Bills (T-Bills) debt has surged to a record N10.4 trillion, marking a 60% increase in just…
IMF says Nigeria, other developing countries lack digital infrastructure for AI
A new report from the International Monetary Fund (IMF) reveals that Nigeria, alongside other developing…
85 million Nigerians lack access to electricity — USAID
At a conference themed “Powering Nigeria: Mobilizing Private Capital,” Melissa Jones, Mission Director for USAID,…
Otedola tightens grip on First Bank, acquires more shares
Billionaire businessman Femi Otedola purchased a total of 9,193,339 units of shares across two tranches, amounting…
EU seeks areas to invest part of 150bn Euro sub-regional package
The European Union (EU) is exploring potential investments in Nigerian ports as part of its €150 billion…
Consolidated Hallmark Holdings grows revenue by 32%
Consolidated Hallmark Holdings Plc has announced a robust financial performance for the year 2023, achieving a 32%…
Nigeria advances internet connectivity with $2bn fibre-optic project
In an initiative aimed at enhancing Nigeria’s connectivity infrastructure, Finance Minister Wale Edun addressed…
SEC, NGX Group agree to capital market digital transformation
The Securities and Exchange Commission (SEC) has announced its support for the Nigeria Exchange Group (NGX) in its…
U.S. crude imports touch two-year high despite lukewarm demand
In May, U.S. crude oil imports reached their highest level since July 2022, averaging 3.1 million barrels per day…
European shares gain, Aussie jumps, yen teeters near 160
European stock markets saw gains on Wednesday, boosted by a rebound in Nvidia shares and a broadly positive risk…
Singapore port congestion shows global ripple impact of Red Sea attacks
Singapore's container port is experiencing its worst congestion since the COVID-19 pandemic, largely due to…
Volkswagen Recalls Over 271,000 Vehicles in the U.S. Due to Potential Air Bag…
Volkswagen is recalling more than 271,000 vehicles in the United States because of a potential wiring fault that…
Exclusive: UBS urges Swiss government to clarify capital demands, sources say
UBS is pressing the Swiss government to clarify additional capital buffer requirements following its acquisition…
Nigeria’s gas export drops 25% on low output, exits
Nigeria's gas exports have decreased by 25% to their lowest level in three years, mirroring a similar decline in…
Naira Depreciates by 0.71% Against Dollar
On Tuesday, the naira faced renewed pressure in the official foreign exchange market, depreciating by 0.71%…
FEC Steps Down Minimum Wage Memo for Further Consultations by President Tinubu
On Tuesday, the Federal Executive Council (FEC) decided to step down the minimum wage memo to allow President Bola…