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Nigeria has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, Nigeria Upstream Petroleum Regulatory Commission...
The Federation Account Allocation Committee (FAAC) has shared N1.298 trillion among federal, states and local governments from the federal revenue receipts in September 2024. The committee...
Federal Government says it is putting sustainable mechanisms in place to build a $1 trillion economy by 2030 through financial inclusion. Sen. Ibrahim Hadejia, Deputy Chief...
The Stock market sustained bullish sentiment this week, as the ASI and market capitalisation gained 0.48% to settle at 98,070.28 points and N59.43 trillion respectively. During...
World Bank’s lead economist for Nigeria, Alex Sienaert, has said that the recent increase in Nigeria’s minimum wage will only benefit a limited segment of the...
The Minister of Power, Adebayo Adelabu,has said that the federal government through his ministry has procured 1.8 million meters to address the issue of estimated billing...
In today’s trading session, the local bourse extended losses as the benchmark index gave up 21bps to close at 98,081.38 points. Profit taking in ARADEL (-10.00%),...
Foreign investors have turned to Nigerian treasury bills in the first half of 2024, as money market instruments emerged as the leading contributor to capital importation...
A Chinese firm, Inner Galaxy Steel Company Limited, yesterday, disclosed moves to invest $300 million in a new steel plant for the production of specialised steel...
ActionAid Nigeria, AAN, has said that Nigeria’s post-harvest losses rose to N3.5 trillion annually and has threatened Nigeria food security. This is coming on the heels...
Multiple teams at Meta were hit by layoffs on Wednesday, the company confirmed in a statement to TechCrunch, noting these changes were made to reallocate resources...
President of Dangote Group, Aliko Dangote remains the richest man in Africa, and now the 65th richest man in the World, despite the volatility of the...
World Bank has said that Nigeria is beginning to reap the benefits of significant policy reforms following a near fiscal crisis in 2020, but must stay...
Nigeria Stock market reversed some of its prior gains, as the benchmark index shed 25bps to close at 98,291.53 points. The market relapse was primary driven...
Nigeria’s oil regulator has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not qualified to manage the...