In a groundbreaking development for regional energy integration, Dangote Refinery and Neptune Oil have announced the…
Category: Business
Rate Cuts Do Little to Boost European Stocks
Europe’s major stock markets were largely unchanged on Thursday despite interest rate cuts by the eurozone…
CBN Debunks Fake Circular on Forex Sales at N1,301 per Dollar
The Central Bank of Nigeria (CBN) has dismissed reports claiming it approved the sale of foreign…
Finance Minister Discusses Solar-Powered Cold Storage Initiative to Boost Food Security
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level…
Nigerian Stock Market Gains N319 Billion, 51 Stocks Appreciate
The Nigerian equity market saw a significant rebound last week, gaining N319 billion as 51 stocks…
NESG Backs Stabilisation Fund for Manufacturing Sector
The Nigerian Economic Summit Group (NESG) has expressed strong support for the establishment of a stabilisation…
Foreign Investment in Nigeria’s Telecom Sector Plummets 87% in Q3 2024
Foreign investments in Nigeria’s telecommunications sector fell sharply to $14.4 million in the third quarter of…
Naira Gains N137.69 Against Dollar in One Week
The Nigerian naira appreciated by N137.69 against the United States dollar within a week, spurred by…
Oando Boosts Oil Production by 50% After Agip Acquisition
Oando Plc has increased its crude oil production by 50% within three months following its $783…
Naira Hits N1,555/$ Parallel, N1,535/$ Official
For the first time since May, the Naira recorded five straight days of appreciation this week,…