ADVERTISEMENT ADVERTISEMENT Commercial crude oil production started in Nigeria in 1956 but local crude oil refining did not start until 1965 when the first crude oil...
ADVERTISEMENT ADVERTISEMENT Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against...
ADVERTISEMENT ADVERTISEMENT Access Bank PLC has finalized the acquisition of BancABC Tanzania, consolidating its operations in East Africa as part of its expansion strategy. This achievement...
ADVERTISEMENT ADVERTISEMENT The European Commission on June 12 announced additional tariffs of up to 38.1 percent on China-made electric vehicles (EVs) for what it claims to...
ADVERTISEMENT ADVERTISEMENT Aliko Dangote, the Chairman of Dangote Group, has revealed that his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of...
ADVERTISEMENT ADVERTISEMENT On the future of Wema, Unity and Polaris banks, the Central Bank of Nigeria has said there is no plan to revoke their licences....
ADVERTISEMENT ADVERTISEMENT The Naira appreciated in the parallel market to N1,485 per dollar from N1,490 per dollar on Monday. However, the Naira appreciated to N1,473.66 per...
ADVERTISEMENT ADVERTISEMENT BlackRock, one of the world’s leading asset managers, has announced its decision to liquidate its iShares exchange-traded funds (ETFs) valued at $400 million in...
ADVERTISEMENT ADVERTISEMENT Billionaire entrepreneur, Elon Musk said on Monday that if Apple integrates OpenAI into its operating system, he will prohibit the use of Apple products...
ADVERTISEMENT ADVERTISEMENT The Nigerian National Petroleum Corporation Limited, NNPCL, has debunked allegations that it inflated subsidy claims by N3.3 trillion. NNPLC spokesperson Olufemi Soneye disclosed this...
ADVERTISEMENT ADVERTISEMENT Latest data from the Central Bank of Nigeria has indicated that currency outside of bank vaults declined by 0.62 per cent to N3.61tn in...
ADVERTISEMENT ADVERTISEMENT Harry Dent, the outspoken financial author and economist, isn’t reversing course from his bold “crash of a lifetime” declaration this past December. Speaking in...
ADVERTISEMENT ADVERTISEMENT A total sum of N1,143.210 billion May 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in...
ADVERTISEMENT ADVERTISEMENT The African Development Bank (AfDB) has committed to delivering electricity to 300 million people by 2030, as announced by AfDB President Akinwumi Adesina during...
ADVERTISEMENT ADVERTISEMENT The International Monetary Fund (IMF) has projected Nigeria’s economy will rise to at least $1.85 trillion in purchasing power parity terms by 2029. PPP...
ADVERTISEMENT ADVERTISEMENT The newly appointed Group Managing Director of Zenith Bank Plc, Dr. Adaora Umeoji, assumed duty at the bank’s head office in Lagos on Monday....
ADVERTISEMENT ADVERTISEMENT The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last...
ADVERTISEMENT ADVERTISEMENT Aliko Dangote, the owner of the $20 billion Dangote Refinery, has blamed beneficiaries of fuel importation in other African countries for the absence of...
ADVERTISEMENT ADVERTISEMENT Investors in Fidelity Bank Plc earned about 406 per cent in capital gains over the past five years, ranking above other major return benchmarks...
ADVERTISEMENT ADVERTISEMENT The Nigerian National Petroleum Corporation Limited (NNPCL) has announced its plans to commence oil and gas exploration in Ogun State. The announcement was made...
