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The domestic market closed on a negative note today, following selloffs in PRESCO (- 10.0%), FBNH (-2.3%), and ACCESSCORP (-2.8%). As such, the benchmark index shed...
Senate Committee on Public Accounts looking into NSITF spending has been told that termites has eaten up N17.158 billion vouchers meant raised to unexplained expenditure. A...
The Edo State Governor, Mr. Godwin Obaseki, has said over $1.9million has been lost in the last five days as a result of the disruption of...
Nigerian National Petroleum Company Limited (NNPC Ltd.) has at last launched anti ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launch was...
Minister of Transportation, Alhaji Mu’azu Sambo, has threatened to sanction the China Civil Engineering Construction Corporation (CCECC) for not meeting up with the contract of providing...
Africa Fintech Foundry (AFF) says it is collaborating with the Central Bank of Nigeria (CBN) to support 10 startups, to increase the adoption of eNaira in...
The Nigerian Navy Forward Operating Base in Bayelsa on Friday handed over 11 crew members and one fishing trawler to the Federal Department of Fisheries and...
The World Bank Group has said that it has mobilised $4.5 billion in additional financing for Ukraine under the Public Expenditures for Administrative Capacity Endurance in...
Mitsumi Distribution, one of the leading IT distributors in the Middle East and Africa,said that Seagate has signed Mitsumi as strategic distribution partner for PAN Africa....
Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the...
Nigerian Civil Aviation Authority (NCAA) has said that Dana air operations remained suspended until investigations are concluded. It said that investigations were still ongoing into the...
Nigeria National Petroleum Corporation, NNPC, has said that it has executed fully termed agreements for the renegotiated PSCs on 12th August 2022. NNPC in a statement...
Today, the local bourse posted losses as selloffs in MTNN (-0.5%), STANBIC (-3.3%), and UBA (-2.8%) dragged the NGX-ASI lower by 0.1% to 50,014.60 points. Consequently,...
The Nigerian banking industry attracted $1.47 billion as capital inflows in the first half of 2022, an increase of 109.8% compared to $698.2 million received in...
President Muhammadu Buhari has consented to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC over ruling him and has thus reversed his earlier decision authorising Seplat Energy...