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The Central Bank of Nigeria (CBN) has directed banks to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of...
More than 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against Shell at the London High Court, the latest step in a...
Nigeria’s finance minister Zainab Ahmed said on Thursday she disagreed with what she called a “surprise” downgrade of the country’s credit rating by Moody’s, insisting the...
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices...
Starting the new month, the local bourse extended the bullish run for the fourth consecutive session as the All-Share index gained 0.49% to close at 53,499.68 points...
The Nigeria National Petroleum Company Limited (NNPCL) says it has taken over the operation of Production Sharing Contract (PSC) assets from Addax Petroleum Development Nigeria Limited....
The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday engaged with the oil marketers and security agencies to find ways of addressing the lingering fuel...
Moody’s Investors Service, an international rating agency, has downgraded nine Nigerian banks following its downward review of Nigeria’s rating last week. The downgraded banks are Access...
Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun...
CBN has directed banks after its meeting with Bankers Committee as follows: *No Bank is authorised to pay out OLD NOTES again via ATMs or in...
The Minister of Industry, Trade and Investment, Chief Niyi Adebayo, has said that the promise of President Muhammadu Buhari led federal government to take at least...
Closing the first month in January, the Lagos bourse closed higher as the benchmark index gained 0.15% to settle at 53,238.67 points. Gains in GEREGU (+10.00%)...
International Monetary Fund IMF, has warned that corporate debt rose by more than $12 trillion in advanced and emerging economies during the pandemic as companies borrowed...
International Monetary Fund IMF, has said that “global economy is poised to slow this year, before rebounding next year. Growth will remain weak by historical standards,...
Governor of Central Bank of Nigeria Mr Godwin Emefiele has assured Nigerians that they would not lose their old notes after the February 10 deadline of...