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...
In response to growing concerns about exchange rate manipulation in Nigeria, Binance, one of the world’s leading cryptocurrency platforms, has issued a resolute statement reaffirming its...
Nigeria’s government is contemplating the drastic step of blocking Binance and other cryptocurrency platforms amid concerns over alleged forex market manipulation and illicit financial activities. According...
As of February 20th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,710 NGN in the black...
Oil prices remained close to three-week highs on Tuesday, buoyed by ongoing tensions in the Middle East and signs of economic recovery in China. Brent crude...
In 2023, foreign loans dominated Nigeria’s capital importation, according to the latest report from the National Bureau of Statistics (NBS). The report reveals that out of...
Nigeria is gearing up to introduce a significant upgrade to its airport security measures with the implementation of biometric clearance gates at international airports by March...
Following a high-level meeting between government officials and major cement manufacturers, consumers across Nigeria can anticipate a significant drop in cement prices with bags expected to...
The Nigerian Naira extended its decline to a record-low of N1,730 against the United States Dollar on the parallel market. This unprecedented depreciation exacerbates the economic...
The Abuja Electricity Distribution Company (AEDC) has issued an ultimatum to 86 government agencies, including the Presidential Villa, owing a collective debt of N47 billion. The...
Nigerian Breweries, a subsidiary of Heineken NV, has faced a setback as it disclosed a $99 million foreign exchange loss in its recent financial report. The...
