Business News
-
124Nigeria’s Foreign Trade by LC Payments Down 52.5% YoY to $506.1m
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign trade by Letter of Credit (LC) payments depreciated by 52.5 per...
-
116In Key Breakthrough, NUPRC Data Confirms Nigeria’s 1.5 Million bpd OPEC Oil Output
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production reached 1.5 million barrels per day in December...
-
134Oil Jumps as New US Sanctions to Curb Russian Supply to China, India
Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more...
-
85IGP Announces Enforcement of Compulsory Motor Third Party Insurance Feb 1
The Police will on February 1, 2025, commence the enforcement of compulsory Motor Third Party Insurance among motorists nationwide, Inspector-General of Police...
-
207Oil Set For Third Straight Weekly Gain on Winter Fuel Demand
Oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in...
-
182Tinubu Canvasses Increase in $2b Currency Swap Between Nigeria And China
President Bola Tinubu has called on the Government of the People’s Republic of China to increase the $2 billion currency swap between...
-
210AfCFTA: Nigeria’s Prospects at Risk Amid Emerging Challenges
Nigeria’s ability to fully capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA) is increasingly under threat due to...
-
203Treasuries End Four-Day Selloff, Asian Stocks Drop
US Treasuries rose, halting a four-day selloff that had been driven by concerns over sticky inflation that may be exacerbated by President-elect...
-
206OPEC Confirms Rise in Nigeria’s Oil Production
The Organization of Petroleum Exporting Countries (OPEC) has confirmed a marginal output increase in Nigeria’s oil production despite reporting output falls in December...
-
173Why Some Stations Sell Petrol Above ₦1,000/Litre –Marketers
Marketers of petroleum products say filling stations still sell Premium Motor Spirit, otherwise called petrol, above N1,000 per litre because they have...
