Nigeria’s naira has plummeted to a record low of N1600 per dollar, even as the Central Bank of Nigeria (CBN) implements new measures to stabilize the...
Google’s multi-billion dollar agreement with Apple has come under intense scrutiny following a U.S. antitrust verdict that has shaken the tech industry. The Justice Department’s recent...
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it has successfully paid 82.36% of insured depositors with funds exceeding N5 million in the now-defunct Heritage...
The Lagos High Court has ordered Union Bank Plc to pay N112,050,000 in damages for the wrongful sale of a prime property located at No. 6,...
Brent crude oil prices surged past the $80 per barrel mark on Monday for a fifth consecutive day of gains as a combination of eased U.S....
Nigerian refineries, including the massive Dangote Refinery, have increased their domestic crude oil requirements by 24% for the second half of 2024 to 597,700 barrels per...
The Nigerian Exchange Limited (NGX) appreciated last week as market capitalization closed at N55.978 trillion. This growth, amounting to a gain of N481 billion, was primarily...
Ecobank Transnational Incorporated has reported profit after tax of N311 billion for the first half of 2024, representing a 96% increase from the N105 billion recorded...
The National Agency for Science and Engineering Infrastructure (NASENI) has launched a new initiative offering a 50% discount to Nigerian drivers who convert their vehicles to...
Business activity in Nigeria has taken a significant hit as steep price pressures have driven the Purchasing Managers’ Index (PMI) down to 49.2 in July, the...