Members of the Lagos State House of Assembly have impeached Speaker Mudashiru Obasa, accusing him of multiple frauds. The lawmakers...
Crude oil production rose to 1.51 million barrels per day (bpd) in Africa’s largest economy in December 2024, the highest...
Nigeria’s upcoming GDP rebasing is set to reshape the nation’s economic narrative, with emerging sectors such as fintech, digital services,...
Nigeria secured $7.6 billion in investment interests at the just concluded Africa Investment Forum (AIF) held in Rabat, Morocco, in...
First Bank of Nigeria is charting a bold course for its Pan-African growth strategy with Ethiopia and Angola emerging as...
More manufacturers are opting for captive power as the national grid continues to struggle despite billions being spent on it...
The recent surge in global oil prices has triggered concerns over an impending rise in the cost of refined petroleum...
Bureau De Change (BDC) operators in Nigeria are exploring merger options as a strategy to meet the Central Bank of...
The US dollar rose on Monday to a 14-month high against a basket of major currencies during the Asian trading...
MTN Places Caution on Shares Over $10.1b Nigerian Claims MTN Group yesterday advised investors to exercise caution in dealings on its shares as the telecommunication group...
Afreximbank Presents Trade Facilitation Programme to Egyptian Banks The African Export-Import Bank (Afreximbank) has met in Cairo with leaders of the Egyptian Banking sector to present...
Power Generation Rises Marginally to 2,982Mw The Independent System Operator (SO) of the Transmission Company of Nigeria (TCN) yesterday said power generation rose marginally from 2,670Mega...
ExxonMobil: Blockade Threatens Nigeria’s Oil Production Oil giant ExxonMobil has decried the blockade mounted by its former employees around its facilities in Nigeria. The oil firm...
Naira Gains Against Dollar at Parallel Market The Naira on Tuesday gained one kobo to exchange at N359 to the dollar, stronger than N360 posted on...
CBN Boosts Foreign Exchange Market With $210m The Central Bank of Nigeria says it has injected 210 million dollars into the inter-bank Foreign Exchange Market to...
Unity Bank Sells N400bn Bad Loans to Lure Investors Unity Bank Plc sold N400bn ($1.1bn) of bad loans to clean up its balance sheet as it...
UBA Introduces Leo on WhatsApp United Bank for Africa said it had introduced its chat bank ‘Leo’ on the WhatsApp platform. A statement from the bank...
NNPC, Chinese Consortia Sign Pacts on Biofuel Production The Nigerian National Petroleum Corporation says it has signed a Memorandum of Understanding with Nigerian-Chinese consortia towards developing...
Customs Record Highest Monthly Revenue of N140.4bn The Nigeria Customs Service on Tuesday said it recorded its highest-ever monthly revenue collection of N140.41bn in August. The...
