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...
First Bank of Nigeria is charting a bold course for its Pan-African growth strategy with Ethiopia and Angola emerging as...
More manufacturers are opting for captive power as the national grid continues to struggle despite billions being spent on it...
The recent surge in global oil prices has triggered concerns over an impending rise in the cost of refined petroleum...
Bureau De Change (BDC) operators in Nigeria are exploring merger options as a strategy to meet the Central Bank of...
The US dollar rose on Monday to a 14-month high against a basket of major currencies during the Asian trading...
Transcorp Records N4.2bn Profit After Tax in Half Year The shares of Transnational Corporation of Nigeria (Transcorp) Plc led the price gainers yesterday as investors reacted...
Naira Gains on Dollar at Parallel Market The Naira on Monday regained strength against the dollar at the parallel market. The Nigerian currency gained one point...
CBN Sells $195m Ahead of MPC Decisions Ahead of the decisions of the Monetary Policy Committee on Tuesday, the Central Bank of Nigeria on Monday boosted...
FG Serves Forfeiture Order on Banks The Federal Government has served seven banks with the order of the Federal High Court in Lagos directing a temporary...
Stock Market Hits Two-year High, Soars by N218bn The nation’s bourse recorded its highest return in over two years on Monday, as the Nigerian Stock Exchange...
CBN Returns N51.9bn Illegal Deductions to Bank Customers The Central Bank of Nigeria has said that it has recovered over N51.9bn illegally deducted by commercial banks...
Zero Oil Revenue Days Fast Approaching Acting President Yemi Osinbajo on Monday declared that the days in which no single revenue would be generated from crude...
Militants Destroy Trans-Niger Pipeline, Nigeria Loses 150,000bpd Suspected militants on Monday vandalised the Trans-Niger pipeline in Ogoniland in the Niger Delta region, reducing the Nigerian National...
Nigeria May Hold Rates Even as Inflation Slows, Economy Shrinks A weak naira and stubborn inflation may prevent Nigeria’s central bank from following South Africa and...
Power Generation Falls Below 3,000MW, Seven Plants Idle The nation’s power generation has fallen below the 3,000 megawatts mark as the number of idle power plants...
