The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that oil and gas companies operating in the country owe the Federal Government $6.1 billion in unpaid...
The cost of producing a barrel of crude oil has risen to $40 per barrel in Africa’s largest economy as investments in modern equipment slow. The...
The Nigerian Exchange Limited (NGX) market capitalisation surged past N65 trillion on Wednesday on strong price appreciation. Investors pocketed N322 billion in gains as the NGX...
The prolonged strike by Kaduna Electric workers has entered its third day as residents and businesses remained without electricity. The blackout has paralysed essential services, disrupted...
Gold steadied after a record-breaking rally with continued economic and geopolitical uncertainty sustaining demand for the safe-haven asset. Bullion traded near $2,860 an ounce after adding...
Flutterwave has delayed its much-anticipated initial public offering (IPO) as the company’s Chief Executive Officer Olugbenga Agboola said the payments giant will only proceed with a...
UAC of Nigeria PLC has announced the appointment of Mr. Khalifa Adebayo Biobaku as Chairman of the Board of Directors, effective February 5, 2025. His appointment...
First City Monument Bank (FCMB) has been sued by Lagos-based finance company, Cool Financial Services, over allegations that it facilitated an unauthorized withdrawal of N150 million...
The pounds to naira exchange rate is a key indicator for businesses, investors, and individuals involved in international transactions. With the persistent forex fluctuations in Nigeria,...
The dollar to naira exchange rate remains a focal point for businesses, investors, and individuals engaged in foreign transactions. With Nigeria’s fluctuating foreign exchange market, keeping...