Nova Commercial Bank has petitioned the Federal High Court in Lagos to grant an order winding up Sunrise Products Limited...
The Nigerian Communications Commission (NCC) is set to publicly name 18 banks that owe a combined debt of ₦200 billion...
Chinese oil companies and private refiners have started increasing crude oil purchases from the Middle East, Africa and the Americas...
Chinese officials consider Elon Musk a potential buyer for TikTok’s US operations if the company fails to fend off the...
The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting persistent challenges in the country’s...
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...
Apple Inc. has announced the termination of its decade-long effort to develop an electric car, marking the end of one of the company’s most ambitious projects....
Olam Group Ltd., a prominent agricultural trader, reported an improvement in its second-half performance following a report of an ongoing investigation in Nigeria. The company disclosed...
Nigeria took a significant stride towards enhancing its energy infrastructure as officials unveiled the completion date and cost of the OB3 gas pipeline project during the...
Following the decision of the Central Bank of Nigeria (CBN) to raise the interest rate by 400 basis points to 22.75%, the Governor of the apex...
The Central Bank of Nigeria (CBN) has raised the benchmark interest rate by 400 basis points to a record 22.75%. The decision made by the Monetary...
The Central Bank of Nigeria (CBN) has initiated a significant intervention by allocating $20,000 to each eligible Bureau De Change (BDC) operator across the country. This...
Oil prices surged as Brent crude oil approached the $83 price level while West Texas Intermediate (WTI) neared $78 as refineries in the United States and...
Bitcoin surged past the $57,000 price level to reach levels last seen in late 2021. This rally has been largely fueled by increased institutional investments and...
As of February 27th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,530 NGN in the black...
After two decades of anticipation, President Bola Tinubu, through his representative Vice President Kashim Shettima, inaugurated the long-awaited Geometric Power Plant in Aba, a significant milestone...
