Latest News
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123Foreign NewsOil Prices Remain Near 4-month Highs as Russia Sanctions Weighed
Oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the...
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203Telecoms & ITTariff Hike: Telcos, ICT Firms Owe Banks ₦1.69tr
Information, communication, and technology firms, including telecommunications companies in Nigeria, owed Deposit Money Banks N1.69tn as of September 2024 amid telcos’ calls...
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94Local NewsNigeria’s Oil, Condensate Output Rise 30m Barrels Y-o-Y Amid Anti-crude Theft Fight
Compared to 2023, Nigeria’s total crude oil and condensate production rose by 30 million barrels in 2024, about 5.6 per higher than...
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88Local NewsFG Working to Eliminate Grid Collapse –Power Minister
The Federal Government yesterday said it is working to eliminate grid collapse from the nation’s power sector in the long term. The...
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155Stock MarketStock Market Opens Week in the Red as ASI Down 0.1%
EQUITIES The domestic bourse opened the week in the red as profit-taking activities in TRANSCORP (-3.9%) and sell pressures on FBNH (-5.6%)...
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173Banking & FinanceBDCs Struggle to meet ₦2b Recapitalisation Despite Extension
Some Bureau De Change operators are still struggling to meet the fresh N2bn recapitalisation threshold of the Central Bank of Nigeria despite...
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217Professional ServiceNAICOM Collaborates with Malaysia on Takaful Insurance
The National Insurance Commission is in collaboration with Malaysia to boost Takaful insurance operations in Nigeria. This came to light when the...
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132Business NewsNigeria’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...
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191AgricultureNigeria Receives 32 tons of Rice from Thailand as Hunger Bites Harder
Amid escalating hunger and food insecurity, Nigeria has received a 32-ton shipment of rice from Thailand, offering temporary relief as the nation...
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186Industry & MoneyOil Export: NUPRC Begins Real-time Tracking to Tackle Losses
The Nigerian Upstream Petroleum Regulatory Commission says it is set to enhance transparency and accountability in Nigeria’s oil and gas sector through...
