The naira declined further against the US dollar in both the parallel and official markets as rising forex demand and limited supply continued to exert pressure...
FBN Holdings Plc has rebranded once again by changing its name to FirstHoldCo Plc as part of a strategic transformation aimed at unifying its subsidiaries and...
The Nigerian Exchange Limited (NGX) closed lower on Monday as profit-taking activities in Julius Berger and 24 other stocks dragged the market into negative territory. Despite...
Nigeria’s Dangote Oil Refinery is on track to achieve full operational capacity within the next 30 days. The 650,000-barrel-per-day (bpd) refinery began processing crude into refined...
Oil prices climbed on Monday as investors appeared to have discounted escalating trade tensions by U.S. President Donald Trump’s tariff threats. Brent crude futures rose by...
Nigeria’s per capita income has declined to $835.49 in 2025, according to new data from the International Monetary Fund (IMF). The latest figure shows a 4.73%...
Dangote Refinery has attained a record 33 million litres per day for its Premium Motor Spirit (PMS) production. The refinery also announced that it has reached...
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...
President Bola Tinubu has revised the 2025 budget upward from N49.7 trillion to N54.2 trillion following additional revenue inflows from key government agencies. The adjustment was...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused oil producers of diverting 500,000 barrels of crude oil meant for local refining to...