Sustainable Capital Limited has exited Seplat Energy Plc after selling its remaining 36.7 million shares, bringing its voting rights in...
The Federal Government is preparing for the reconstruction of the Benin Bypass in Edo State following a directive from President...
Nigerian fintech company Moniepoint is winding down its UK-based remittance service, MonieWorld, less than 18 months after entering the international...
Nigeria-headquartered venture capital firm Ventures Platform has raised an oversubscribed $84 million second fund to invest in early-stage technology companies...
Dangote Petroleum Refinery is sourcing between 30% and 40% of its crude oil from overseas despite Nigeria producing about 1.6...
MTN Group is considering banking licences in selected African markets as the telecommunications giant moves deeper into lending and seeks...
Zenith Bank Plc has outlined strategies to accelerate Nigeria’s non-oil export growth with increased local processing, stronger trade financing and...
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, traded at N1,400 on...
Fidelity Bank Plc came under renewed selling pressure on Monday after its share price declined 6 percent, making it one...
FG Reduces Pumping Price to N123.5/litre The Federal Government on Tuesday reduced the pumping price of Premium Motor Spirit popularly known as Petrol from N125 per...
MTN to Sell Part of 79% Stakes in Nigerian Business MTN Group may sell part of its 79 stakes in Nigerian business to local investors soon,...
Electricity Regulator Suspends Plans to Hike Tariff The Nigerian Electricity Regulatory Commission (NERC) has suspended plans to hike electricity tariffs on April 1st, 2020. The commission...
Dollar Scarcity: Banks Cap Oversea’s Spending Limits Nigeria’s Deposit Money Banks (DMBs) have started lowering foreign spending limits on a customer’s naira-denominated card as the coronavirus...
COVID-19: OYO Discharges State’s Index Case The Oyo State Government on Tuesday announced the recovery of the very first case of COVID-19 in the state. This...
Oil Prices Rebound on Tuesday After Plunging to 18-year Low Global oil prices climbed off 18-year lows on Tuesday after President Trump and President Vladimir Putin...
COVID-19: CBN Halts Cheques Clearance Indefinitely The Central Bank of Nigeria (CBN) on Monday announced from March 31, 2020 it will no longer clear cheque instruments...
Nigerians to Pay More for Electricity Despite COVID-19 The Nigerian Electricity Regulatory Commission (NERC) will raise electricity tariffs on Wednesday in accordance with the December 2019...
Naira Slides to N412 on Monday as Scarcity Deepens The Nigerian Naira slid against the US dollar on Monday following the suspension of the US dollar...
COVID-19: 6,000 Jobs at Risk in the Aviation Sector Global health crisis amid fast-spreading coronavirus pandemic threatens at least 6,000 jobs in the Nigerian Aviation Industry...
