Markets
FG Issues Lagos Approval Letter on Proposed Lekki-Epe International Airport
The federal government approval recently granted the Lagos State Government to embark on the development of a passenger and cargo...
Read more
‘Pension funds earns 20% from infrastructure investment’
The Managing Director and Chief Executive Officer, Sigma Pensions, Mr Dave Uduanu, has said Pension Fund Administrators’ investments in infrastructure...
Read more
Nigeria’s refineries lose 218 workers, post N69bn loss
The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive...
Read more
FG budgets N947bn for infrastructure, experts kick
The Federal government has allocated the sum of N946.8bn to modernise infrastructure across the federation. This was revealed after an...
Read more
African Oil Refiners Bank on Eight Refinery Projects to Increase Aviation Fuel
The African Refiners and Distributors Association (ARDA) has said that about eight ongoing refinery projects on the continent will significantly...
Read more
Kogi claims Obajana plant ownership, Dangote, MAN kick
The Kogi State Government has said that it will be ready to enter into negotiations once Dangote Group is ready...
Read more
Budget: Reps approve N8.4tn borrowing, N6.3tn debt service
The President, Major General Muhammadu Buhari (retd.), will on Friday (today) lay the 2023 Appropriation Bill before a joint session...
Read more
CBN grants Xpress Payments mobile money licenceCb
A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank...
Read more
‘60% Nigerian startups fail due to poor leadership’
A Non-governmental Organisation, Second Chance Care Foundation, has said more than 60 per cent of Nigerian startups fail within the...
Read more
OPEC eyes oil price hike, 2mbpd cut
The price of Brent, the global benchmark for crude, gained $1.62 by rising to $93.4/barrel at 6.23pm Nigerian time on...
Read more
Motorists lament as fuel queues resurface in Abuja
Queues for the Premium Motor Spirit, popularly called petrol, resurfaced in Abuja on Tuesday, causing motorists to lament the incessant...
Read more
IMF Calls for Rapid Response on Food Security
As the war in Ukraine intensifies, acute food insecurity is threatening the lives and livelihoods of 345 million people, the...
Read more
N120bn CBN Intervention: Experts Seek Focus on Local Meter Manufacturing
Various stakeholders in the Nigerian power sector have lauded the intervention of the Central Bank of Nigeria (CBN) over its...
Read more
Economists forecast naira slide, inflation as campaigns begin
Economists have warned that Nigeria’s ailing economy might be worsened as political parties and their candidates begin electoral campaigns for...
Read more
Stock investors record N14bn gain
The stock market ended the session with a bullish trend as the market rebounded with a gain of N14bn on...
Read more
Gridlock major challenge facing Lagos, says cleric
The Senior Pastor, Enthronement House Christian Centre, Rev. Deji Olabode, has expressed concerns over the traffic challenge facing Lagos. He...
Read more
Businesses face crunch, CBN raises rate to 15.5%
In consideration of the galloping global and local inflationary levels, the Monetary Policy Committee of the Central Bank of Nigeria,...
Read more
37 firms get licences to produce 762.3MW
Fresh licenses and permits have been issued to 37 companies to produce a total of 762.3 megawatts of electricity in...
Read more
Oil price falls to $86/barrel
Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on...
Read more
Nigeria’s 56% agricultural land not in use – Minister
The Federal Government said on Thursday that a lot of opportunities abounded in the agricultural sector as over 56 per...
Read more
Nigeria’s cashew earnings hit N192bn, producers target $4bn
Nigeria’s annual earnings from the production and sale of cashew increased to about $450m or N192.64bn (as at Monday’s official...
Read more
Stock market loses N38bn as 13 equities decline
The equities market of the Nigerian Exchange Limited declined by N38bn at the end of trading on Monday as 13...
Read more
Manufactured goods fall 36% to N2.87tn, inflation looms
The value of manufactured goods traded tumbled by 36 per cent from N4.51tn in the second quarter of 2021 to...
Read more
Why Nigeria should end fuel subsidy – Akabueze
The Director General of the Budget Office of Nigeria, Ben Akabueze, says the trillions of naira spent on fuel subsidy...
Read more
Customs seize rice, back economic growth
The Nigeria Customs Service seized 20 drums of carbide in the Ijebu-Ode area of Ogun state in August. Addressing journalists...
Read more
Powered by Agusto & Co.