Lagos, the economic heartbeat of Nigeria, pulsates with opportunities for investors seeking vibrant markets and dynamic growth prospects. As Africa’s largest city by population and one of its fastest-growing economies, Lagos offers a compelling and profitable environment for investment...

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Nigeria’s oil exports are facing a significant hurdle as a decline in European demand creates a buyer’s market. This development comes at a time the nation is grappling with oil theft and needs a strong export market to bolster...

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Nigeria’s oil production has taken a hit due to problems plaguing the Trans Niger Pipeline (TNP), according to a statement released by the Federal Government (FG) on Friday. This development raises concerns about the country’s ability to meet its...

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One of Nigeria’s power-generating company, Geregu Power Plc, has announced a 254.37 per cent year-on-year appreciation in its revenue to N50.42bn in the first quarter of 2024 up from N14.23bn in corresponding period in 2023. This was contained in...

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The executive board of the International Moneyary Fund (IMF) Friday, confirmed the re-appointment of Kristalina Georgieva to serve for a second five-year term at the helm of the international financial institution. With this development, Georgieva, who was the sole...

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Investors in the Nigerian equities market lost N412 billion at the close of trading on Friday. The stock market resumed from the Eid-El-Fitr holiday on Friday. This followed the dip in the share value of some entities like GTCO,...

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The Debt Management Office (DMO) is seeking to raise N450 billion in its bond auction billed to take place on April 15. The move was in line with the agency’s plan to raise up to N1.8 trillion through FGN...

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The Federal Government has secured a $750 million loan from the World Bank to provide subsidy to developers and operators of solar mini-grids in the country. The Minister of Finance, Wale Edun, and World Bank’s Country Director for Nigeria,...

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Following reports that cyber thieves stole $12bn from global financial institutions in the last 20 years, the International Monetary Fund (IMF) has called on Central Banks across the globe and financial institutions to strengthen resilience in the financial sector...

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The Association of Bureau de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct non-oil exporters to hold foreign currencies in their domiciliary accounts for 48 hours. Aminu Gwadabe, president of ABCON, made...

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The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fueling economic growth and industrial development in Nigeria. Kyari spoke at the...

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The Chairman of Dangote Group, Alhaji Aliko Dangote, has expressed optimism that the sale of diesel at a significantly lower price by his refinery, Dangote Refinery would help in taming inflation in the country. Africa’s richest man stated this...

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Amid an ongoing legal face-off with the Nigerian government, one of the world’s top crypto platforms, Binance Holding Limited has promised to comply with laid down rules and regulations. Binance’s new Chief Executive Officer, Richard Teng, who spoke with...

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The Central Bank of Nigeria, CBN has disclosed that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking positions in Nigerian banks through the ongoing recapitalisation exercise. This expectation was revealed by Director of...

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The Chairman of Air Peace, an indigenous carrier, Allen Onyema, has raised the alarm that foreign carriers operating the Nigeria-UK route are allegedly conspiring to send the airline out of international operations by crashing airfares on the route. This...

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Guaranty Trust Holding Company GTCO Plc, has recorded 184.5 per cent increase in its Profit Before Tax, PBT to N609.3 billion in the financial year ended December 2023 from N214.2 billion in 2022. This was disclosed in its Audited...

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The World Bank has projected a significant drop in Nigeria’s inflation rate to 24.8 percent year-on-year in 2024. The country’s inflation currently stands at 31.7 percent as of February. The Bretton Wood institution gave the projection in its April...

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