India and Nepal Officially Agree on 10,000 Megawatts Electricity Export Deal
India and Nepal have formalized a significant agreement for the export of 10,000 megawatts of electricity from!-->…
ACP Urges Revision of U.S. Treasury Department’s Green Hydrogen Proposal
The Chief Executive Officer of the American Council on Renewable Energy (ACP), Jason Grumet, has issued a!-->…
3 Million Bank Accounts at Risk: Deadline Approaches for BVN/NIN Linkage- CBN
"Millions of bank accounts face the risk of being blocked as the deadline approaches for linking them to either a!-->…
Nigeria’s Public Debt to Surge to N95trn in Ten Years
"Nigeria's public debt is set to see an over eightfold increase in the next decade, surging to about N95trn.!-->…
Inflation Challenges Nigeria’s Economy: Affects Energy Costs and Others
Nigeria faced economic challenges in 2023, with a sharp rise in inflation to 28.9% and soaring energy costs.!-->…
National Assembly Probe Crude Oil Theft, Raises Concerns
The National Assembly is once again investigating the persistent problem of crude oil theft, a challenge that has!-->…
No Immediate Increase in Petrol Prices- NNPC
The Nigerian National Petroleum Company (NNPC) Limited has assured the public that there won't be an immediate!-->…
Nigerian Air Force Shifts Zonal Attitude Test to January 13
The Nigerian Air Force (NAF) has announced the postponement of its zonal attitude test for Trades and!-->…
ON FUEL PRICE: PETROAN Nears Partnership with Offshore Refineries
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) is in advanced talks with four!-->…
Price of Local Rice increases by 73.2% in one Year
The price of local rice in Nigeria has surged by 73.2% in one year, reaching between N55,000 and N60,000 for a!-->…
Naira Faces Decline, Closes Above N1,000/$: World Bank Urges Increased FX Supply…
The naira, Nigeria's currency, closed trading at N1035.12/$ on the official Investor and Exporter foreign exchange!-->…
Obasanjo Warns of Debt Trap for Africa as Nigeria’s Public Debt Hits…
Former President Olusegun Obasanjo has expressed concern that Nigeria and other African countries may face!-->…
DVCF Oil & Gas Plc Sells TIP Shares Worth N10.131m
DVCF Oil & Gas Plc, a significant shareholder in waste management and industrial cleaning company has sold!-->…
“Nigerdock Partners with UNIDO, Boost Green Energy Adoption and Foreign…
Nigerdock, the promoters of Snake Island Integrated Free Zone, have highlighted that their partnership with the!-->…
Nigeria Stocks Hit Record High, Rising 1.68% in First Trading Session of 2024
In a bullish start to 2024, Nigerian stocks surged by 1.68% during the first trading session, setting a new!-->…
Global Stock Markets Slip as Rate Cut Hopes Fade
Global stock markets continued their decline into the new year, with the MSCI's broad index of world equities!-->…
S&P, Nasdaq Start 2024 on a Lower Note as Tech Giants Struggle
The first trading session of 2024 witnessed a downturn in the S&P 500 and Nasdaq Composite, driven by a!-->…
Hyundai and Kia Project 2% Sales Growth in 2024 Despite 2023 Challenges
South Korean automakers Hyundai Motor and Kia Corp anticipate a modest 2% increase in their combined global sales!-->…
Global Funds Accelerate China Equity Sell-Off in December, Marking Worst Month of…
Global long-only funds rapidly divested from China equities in December 2023, recording the highest monthly!-->…
Global Shipping Giants Redirect Routes Amid Rising Red Sea Tensions
In a recent turn of events, major shipping companies, including Denmark's Maersk and Germany's Hapag-Lloyd, are!-->…
Navigating 2024: Investors Brace for Economic Shifts”
As we step into 2024, global investors are anticipating a significant shift in the economic landscape, marked by!-->…
Global Markets Extend Slide as Rate Cut Hopes Diminish
Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S.!-->…
China’s Major Banks Heighten Scrutiny and Restrict Interbank Lending Amid…
In response to the deepening property debt crisis in China, major banks in the country are intensifying their!-->…
Russian Bailiffs Remove Debts of Tech Giants Google, Meta, and TikTok – Resolving…
In a recent development, Alphabet's Google, Meta, and TikTok have seemingly resolved legal issues in Russia as!-->…
Futures Dip as Investors Anticipate Fed Minutes, Tesla’s China-made EV Sales…
U.S. stock futures are trending lower as investors react to the Federal Reserve's upcoming release of minutes!-->…
Manufacturers Lament over FGN’s 7BN Debt
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in!-->…
Nigerians Express Disappointment on Transportation Cost Despite FGN’s…
Despite the Federal Government's initiative to provide a 50% fare rebate from December 21 to January 4, 2024,!-->…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented!-->…
Nigeria’s External Reserve Declines by $77m- CBN
In December 2023, Africa's largest economy, Nigeria, witnessed a decline in its external reserves, dropping by!-->…
Nigeria Borrows $1.71 Billion: Impact on Exchange Rates
In the first nine months of 2023, Nigeria secured $1.71 billion in foreign loans to enhance the country's foreign!-->…