Nigeria’s central bank still lacks the foreign exchange to clear the backlog of demand, and the country’s high interest payment to revenue ratio weighs on its...
Nigerian Upstream Petroleum Regulatory Commission, NUPRC said it has concluded plans to sell 12 deep offshore oil blocks in 2024 as part of measures targeted at...
Access Holdings Plc obtains the CBN’s approval-in-principle to establish a consumer lending subsidiary to be known as Oxygen X Finance Company Limited. The purpose subsidiary will...
Critical stakeholders in the Niger Delta have urged the Federal Government to legalise the shadow oil economy popularly called illegal artisanal refinery to create jobs for...
A Federal High Court in Abuja today declared null and void the provisions of the Nigeria Broadcasting Code authorising the National Broadcasting Commission (NBC) to impose...
The World Economic Forum announces today the launch of a new alliance to provide a platform for developing economies to raise awareness about their clean energy...
A new World Economic Forum report has offered a re-evaluation of global economic growth, introducing a new framework that takes a holistic look at GDP alongside...
The Central Bank of Nigeria (CBN), has said that in its bid to clear the backlog of outstanding foreign exchange liabilities, paid approximately $2.0 billion across...
A court has ruled stolen assets worth £6.9m ($8.9m) can be returned to Nigeria. It comes after Jersey’s Attorney General served a forfeiture notice to the...
The domestic bourse maintained the bull run as the benchmark index closed 3.93% stronger to settle at 87,971.10 points. Sustained buy interests in industrial heavyweights namely, DANGCEM (+9.84%), BUACEM...
Shell, has reached an agreement with relevant stakeholders to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance. Renaissance...
A former Minister of Commerce and Industry in the federal republic of Nigeria Mr. Charles Chukwuemeka Ugwu has been arrested by the Economic and Financial Crimes...
11 Plc, Conoil Pl, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc and NNPC Retail are the seven oil marketers that...
According to the December 2023 CPI data published by the NBS, annual inflation rate inched close to its three-decade peak at 28.9%, marking an increase from...
Opening the week, Nigerian equities extended gains from last week as the benchmark index closed 1.92% stronger to settle at 84,640.89 points. Buy interests in industrial heavyweights namely,...