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...
Apapa Gridlock: Port Users’ Costs Rise by 400% The cost of doing business for port users has risen by 400 per cent and stakeholders have estimated...
Financial Reports: CBN Directs Banks to Implement IFRS9 The Central Bank of Nigeria has asked commercial banks to implement the International Financial Reporting Standard 9 on...
Appeal Panel Upholds NCAA’s N33.5m Sanction Against FirstNation The Nigerian Civil Aviation Authority has said a five-man appeal panel has upheld the sanctions it imposed against...
FUG Pensions Targets N500bn Assets Future Unity Glanvills Pensions Limited has said it hopes to grow its assets to N500bn in its medium-term strategic plan. According...
Dangote Cement Grows Profit, Sterling Bank Earnings Rise Dangote Cement Plc has reported a rise in its profit before tax to N155.6bn for the half-year of...
Improved Half-year Earnings Lift Equities Market to N12.7tn It was highly rewarding for investors at the stock market last week as the market continued on its...
Forex Weekly Outlook July 31- August 4 The US economic data showed the economy is healthy and expanded 2.6 percent in the second quarter. However, the...
Low Power Generation, Despite More Rains in Hydro Dams As power generation in Nigeria falls below a seemingly traditional 4, 000 megawatts, despite the rains that...
Without Deeper Output Cut, Crude Projected to Fall Below $40/bbl in Q1 2018 Crude Oil, Brent Crude in particular, is projected to fall to $40 per...
Dangote Remains Africa’s Richest Man Although, Africa’s richest man, Nigerian Aliko Dangote dropped to 105th on the 2017 Forbe’s real-time billionaires’ ranking, he maintains the lead...
