The Nigerian National Petroleum Company Limited (NNPC) has joined forces with the African Refinery Port Harcourt Limited (ARPHL) to expand...
Passengers aboard Air Peace Flight APK7193 experienced a tense moment as the aircraft made an emergency landing at Murtala Muhammed...
Industry titans Microsoft Corp. and Google parent company Alphabet Inc. have surpassed Wall Street’s expectations, buoyed by robust growth in...
The cocoa market is experiencing an unprecedented surge with prices poised to shatter the $15,000 per ton barrier. The cocoa...
The Japanese yen plummeted to a 34-year low against the US dollar, sending shockwaves through global financial markets. Despite mounting...
As of April 25th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD...
Saudi Arabia has announced the opening of an alcohol shop in Riyadh, breaking a 70-year-long prohibition on the sale of...
Madica, a structured investment program dedicated to nurturing pre-seed stage startups in Africa, has announced its inaugural investments in three...
Amidst the backdrop of mounting concerns over Africa’s ballooning external debt, Akinwumi Adesina, the President of the African Development Bank...
Naira Overvalued by 20%, Says IMF The International Monetary Fund has said Nigeria’s economy needs urgent reform. In a in a report published on Wednesday, it...
Utomi Blames Buhari’s Govt for Recession Prof. Pat Utomi on Wednesday blamed the administration of President Muhammadu Buhari for the economic downturn in the country. He...
FEC Approves $1.3bn Foreign Loans for Development Bank The Federal Executive Council on Wednesday approved credit facilities totalling $1.3bn for the newly-established Development Bank of Nigeria....
Banks’ Non-performing Loans Hit N2tn – CBN The challenging economic situation in the country made the banking industry’s non-performing loans ratio to rise from N1.678bn in...
FG Clears N54bn Pension Arrears The Federal Government on Wednesday said it had cleared the inherited arrears of accrued pension benefits for the years 2014, 2015...
FG’s Economic Model Can’t Work, Says Sanusi The Emir of Kano, Muhammadu Sanusi ll, on Wednesday, faulted the present administration’s economic model, saying it would not...
New Bridging Cost Won’t Cause Petrol Price Hike The recent increase in the bridging allowance to transporters from N6.20 to N7.20 per litre will not lead...
Senate Reviews Passed Bills Rejected by Presidency The Senate, on Wednesday, made a move to review four bills passed by the National Assembly which the Presidency...
US Import of Nigerian Oil hits 42-month High The increase in the United States’ imports of Nigerian crude oil has continued, with a record import of...
Reconstruction of N’East to Gulp N7bn, Says PCNI Over N1bn has been spent on reconstruction in the North-East in the first quarter of 2017 while N7bn...
