Business
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Subsidy Back As FG Pays N169.4bn In August
Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily Trust’s finding shows that the...
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Naira tumbles to 980/dollar, FX shortage worsens
The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A...
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Niger crisis will put pressure on Nigeria food market — W’Bank
The coup d’état in Niger may put additional pressure on Nigeria and other West African nations’ food markets, the World...
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Cardoso: Inflation, debt management, forex top manufacturers’ demands
Taming the country’s rising inflation, addressing the issue of forex scarcity and tackling Nigeria’s rising debt are some of the...
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Despite Multi-billion Naira Spending on Oil Assets Protection, Nigeria Records Least Crude Output in Four Years
In spite of massive official and back channel spending on oil assets protection in the Niger Delta, Nigeria’s crude oil...
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Equities Extend Gains, Up N264bn
Nigerian equities yesterday delivered a positive performance and extended gains from the previous session as the overall capitalization rose by...
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Meet CBN’s newly appointed deputy governors
President Bola Tinubu on Friday approved the nomination of four new Deputy Governors of the Central Bank of Nigeria pending...
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Nigeria’s debt jumps by 75% in three months, hits N87tn
The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of...
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Nigeria, UK trade volume now N7.1trn – British envoy
The annual trade volume between Nigeria and the United Kingdom has risen to £7.6 billion (about N7.15 trillion). The Deputy...
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Experts Laud Oando’s Acquisition Of Agip Nigeria’
Some experts in Nigeria’s oil and gas sector have commended the group chief executive of Oando Group, Adewale Tinubu, for...
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BoI Grows Total Assets 67% To N3.3trn In H1
The total assets of the Bank of Industry (BOI) has hit N3.3 trillion as at June 30 2023, which represents...
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Presidential panel plans 83% cut in taxes, levies
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has said Nigeria has over...
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Nigeria’s Power Sector Records 11.4m Customers in Q2
The total customer numbers in Nigeria’s electricity supply industry rose to 11.47 million in the first quarter of 2023, from...
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Husk Launches Initiative to Mobilise $500m for Mini-grids in Africa
Husk Power has officially launched the ‘Africa Sunshot initiative,’ committing to mobilise $500 million over five years to rapidly scale...
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PENGASSAN reacts as Dangote refinery misses production deadline
The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by...
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Operators excited as UAE lifts visa ban on Nigerians
The United Arab Emirates, on Monday, lifted its months-long visa ban on Nigerians. Consequently, Etihad and Emirates Airlines will resume...
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Stock Market Down N464bn on Profit-taking in GTCO, Zenith Bank, Others
Investors’ profit-taking activities in Guaranty Trust Holding Company (GTCO), Zenith Bank Plc, Dangote Sugar Refinery, and 40 others depreciated the...
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Unity Bank grows deposits to N333bn in H1
Unity Bank Plc has said its deposits grew marginally by two per cent to N333.38bn in the first half of...
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FG delists 37 illegal loan apps
The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s...
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CBN directs banks to stop spending FX revaluation gains
The Central Bank of Nigeria issued a directive instructing commercial banks on Monday to refrain from utilizing their foreign exchange...
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Banks, Discount Houses’ Deposit with CBN Down 16% to N738.03bn MoM
Banks and discount houses deposit with Central Bank of Nigeria (CBN), depreciated by nearly 16 per cent Month-on-Month (MoM) to...
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Nigeria’s Oil Production Growth May Lead To Output Cut By OPEC
The output from other countries that had witnessed downward production is squaring up which may likely lead to output cut...
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Nigeria’s Crude Oil Production Fell To 1.29mbpd In July
The most recent data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reveals that Nigeria’s daily production of crude oil...
Read moreNigeria Among Top 3 Countries With Highest Oil Discovery In 2023
Nigeria has been named among the three top countries in terms of highest oil reserves discovered owing to 2023 investments....
Read moreNaira tumbles to 900/$, CBN vows BDC operators clampdown
The naira tumbled against the United States dollar at the parallel market on Wednesday, closing at 900/dollar. This came barely...
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