On Wednesday, the Naira declined against the US dollar to N1503.38 compared to N1,499.07 recorded in the previous trading day. This represents a 0.26% decline. This...
President Bola Tinubu is slated to inaugurate the long-awaited Red Line Mass Transit Train on February 29, according to the Lagos State Governor, Mr. Babajide Sanwo-Olu....
Oil prices faced a downward trend on Thursday as U.S. crude inventories witnessed a substantial surge, raising concerns about demand in the world’s largest economy and...
Digital financial services provider Carbon has completed the acquisition of Vella Finance, a Nigerian fintech company specializing in serving small and medium-sized enterprises (SMEs). The acquisition,...
BUA Foods, a leading Nigerian food conglomerate, has announced an investment of $200 million in its Lafiagi Sugar Estate located in Kwara State. The Managing Director...
Independent oil marketers are advocating for direct supply of premium motor spirit (PMS) from the Nigerian National Petroleum Company Limited (NNPCL) as a means to alleviate...
The Dangote Petroleum Refinery has initiated an export bid by tendering two fuel cargoes destined for the overseas market. This development marks a pivotal step for...
Nigeria’s power sector is facing a significant financial challenge as its debt surged to N3.3 trillion, with the cost of electricity subsidy nearing N3 trillion, according...
The Federal Government of Nigeria has unveiled plans to distribute 42,000 metric tonnes (MT) of grains to impoverished Nigerians at no cost. This announcement came in...
Adegbite Falade, the Chief Executive Officer and Managing Director of Aradel Holdings Plc, has called for increased transparency among indigenous oil companies operating in Nigeria. Falade...