Business
Shell builds mega gas plant in Aba
Shell Nigeria Gas Limited, SNG, said it has commenced the construction of a huge gas plant in the commercial city...
BREAKING: Nigeria’s inflation rate increases by 13.71 per cent
The National Bureau of Statistics, NBS, on Thursday disclosed that the consumer price index, CPI, which measures inflation has increased...
New Apple ‘iPhone 12’ to offer 5G speeds U.S. networks can’t deliver
5G will finally get its U.S. close-up with the expected debut of Apple Inc’s next iPhone on Tuesday. But the...
Funding 2021 budget with oil revenue will be difficult — Expert
Wumi Iledare, a professor of Petroleum Economics, says it will be difficult to fund 2021 budget with oil revenue going...
CBN directs banks to comply with SWIFT universal payment confirmations
The Central Bank of Nigeria, CBN, has directed all banks operating in the country to always observe strict compliance with...
Nigeria stock market drops further by N68bn
The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion.
COVID-19: World’s billionaires got richer during pandemic – Study
The coronavirus pandemic has made the super-rich around the globe even richer, according to a study by consulting firm PwC...
Deregulation will boost investment in refining — Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, says the deregulation of the downstream sector...
NPA expects 15 ships with petroleum products, wheat, others at Lagos port
The Nigerian Ports Authority, NPA, says it is expecting 15 ships laden with petroleum products, food items and other goods...
AfDB partners Nigerian govt, Microsoft to create 9m jobs in Africa
The African Development Bank, AfDB, has launched an eLearning Digital platform to create nine million jobs in Africa’s digital economy...
Nigerian govt to conduct census of businesses
The Federal Government is set to conduct a census of all businesses in the country, to ensure accurate statistical representation,...
171 millionaires emerge in Dangote Cement Promo
Dangote Cement Plc says 171 millionaires across the nation have emerged in its ongoing ‘Bag of Goodies Promo Season 2’....
Interest rate cut: Stock market advances by N42bn
Transactions on the Nigerian Stock Exchange on Tuesday rebounded further by 0.31 per cent, just as the Monetary Policy Committee,...
FIRS generates N438bn from non-oil tax in July
The Executive Chairman, the Federal Inland Revenue Service, FIRS, Muhammad Nami, has disclosed that the service has generated about N490...
Nigerian Stock market extends loss 0.19%
The Nigerian Stock Exchange, NSE, extended losing streak on Wednesday with a loss of 0.19 per cent, amid sell pressure.
Inflation rate hits 13.22% — NBS
The National Bureau of Statistics, NBS, has said that inflation rate has increased by 13.22 per cent, year-on-year, in August...
Arik Air operations shut down over 7-month unpaid salaries, 90% staff lay-off
Arik Air operation has been shut down by Aviation unions over alleged failure to pay seven months’ salary arrears of...
Arik Air seeks Sirika’s intervention as aviation workers threaten strike
The Management of Arik Air has asked for intervention of the Minister of Aviation, Hadi Sirika, over the planned industrial...
Investors shun NSE as marketers lose N38bn in third day of loss-making
The Nigerian Stock Exchange, NSE, says investors have dumped big volumes of shares for sale as Wednesday’s trade ended in...
Naira loses against dollar at the parallel market
Barely 24 hours the Central Bank of Nigeria, CBN, resumed dollar sales at the Bureau De Change, BDC, sector, the...
CBN approves emergency importation of 262,000 tons of maize
The Central Bank of Nigeria, CBN, has granted approval to four agro-processing companies to import 262,000 tons of maize and corn...
Expert defends Nigerian govt on fuel price hike, says ‘petrol is supposed to be sold at N200 per liter’
A former President of the Nigerian Association for Energy Economics, NAEE, Prof. Wumi Iledare, has said the new price of...
BUA to build 200,000bpd mega refinery, petrochemical facility in Akwa Ibom
The BUA Group has signed a Memorandum of Understanding, MoU, with an advanced technology provider company, Axens of France, for...
Naira gains days after CBN resumed forex sales to BDCS
The Naira value on Monday recorded again as it was exchanged at N465 to a dollar at the parallel market in Lagos.
