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Oil prices edged lower on Wednesday as a surprise build in U.S. crude stocks and larger-than-expected rise in fuel stocks fuelled demand concerns amid worries of...
The federal government is considering suspending import duties on staple food, drugs and other essential items for six months to slow inflation in Africa’s most-populous nation....
Today, the Nigerian equities staged a rebound, recouping most of its prior session losses as the benchmark index ended 0.24% stronger to settle at 99,284.38. Gains...
The Nigerian Deposit Insurance Corporation (NDIC) says it will pay all the 2.3 million depositors of the failed Heritage Bank their insured benefits within one week....
Bearish sentiment extended in today’s trading session as the All-Share Index closed 0.07% lower to settle at 99,051.02 points. Selloffs in blue-chip ZENITHBANK (-3.03%), FBNH (-1.57%), and UBA (-4.11%) offset...
International energy and infrastructure conglomerate Sahara Group has announced a series of strategic appointments aimed at advancing the expansion of the group’s downstream business in Africa....
African Export-Import Bank and the Africa Petroleum Producers’ Organisation have announced the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank...
Minister of Solid Minerals Development, Dr Dele Alake has said that his Ministry has mobilised Federal Mines Officers and officials of the Mines Inspectorate to the...
Africa Investment Forum has launched a series of investment roundtables to overcome Africa’s project bankability challenges and, ultimately, bridge its infrastructure investment gap. The Roundtables will...
Flight operations have resumed at the Murtala Mohammed International Airport as well as other airports in the country following the suspension of labour’s indefinite strike. Also...
Starting the week, the Lagos bourse halted its five-day winning streak as the All-Share Index lost 0.18% to settle at 99,118.86 points. Selloffs in FBNH (-4.69%), UBA (-1.35%) and...
Nigeria Labour Congress and Trade Union Congress have made good their threat by embarking on nationwide strike paralysing the economy. In compliance with the joint directive...
Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year....
The Central Bank of Nigeria (CBN), said it has revoked the operating banking licence of Heritage bank plc. The apex bank in a statement signed by...
Rice farmers under the auspices of Rice Producers, Processors and Marketers Association of Nigeria, RIPPMAN, have come together through Memorandum of Understanding, MoU, with agro chemicals...