Business

Gas marketers under the platform, the Nigerian Association of Liquefied Petroleum Gas Marketers have blamed the terminal operators for the high cost of gas in the country. President of the (NLPGM) Oladapo Olatunbosun…

…..President understands role of private sector – GMD The Dangote Group yesterday received accolade from President Bola Ahmed Tinubu, who expressed government’s position over the company’s numerous strides in Nigeria…

The governor of the Central Bank of Nigeria, Yemi Cardoso, said on Monday that the removal of subsidy has put an end to the economic haemorrhage in the country. The governor also said he was expecting foreign…

As the holiday season approaches, travellers are starting to plan their trips and book their flights but cheap tickets are no longer available as air fares have already risen by 100 percent. Stakeholders have blamed the…

Minister of Finance and Coordinating Minister of the Economy Wale Edun has stated that around $10 billion of forex inflows is expected within weeks rather than months. Edun stated this during a panel session at the…

The exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday as traders continue to face demand pressures amidst dwindling…

After over five years of legal fireworks, Nigeria has finally succeeded in halting the enforcement of the $11 billion arbitration award in favour of P&ID. In a judgment delivered by email, Robin Knowles, justice…

As the naira continues its free fall at the parallel market, President Bola Tinubu has vowed to clear foreign exchange contracts backlog discouraging investors’ confidence. Speaking at the ongoing Nigeria Economic Summit…

Dr. ‘Bosun Tijani, the minister of communications and digital economy, has unveiled a partnership with IHS Towers that is set to transform the technological landscape of Nigeria. The partnership introduces the…

Mike Adenuga, the Chairman of Conoil and the founder of Globacom has experienced a notable setback, with a $300 million decrease in his net worth estimated at $3.3 billion, Nairametrics report. Just three months ago, in July,…

A growing numbers of Nigerians are turning to sport betting and loans to plug the gap between their incomes and spending as prices of items continues to make rapid…

Vivo Energy Group Plc, a British downstream petroleum company partially owned by Nigerian businessman Temitope Lawani, is set to acquire Somagaz, an integrated operator…

Nigeria’s currency is in a mindless race to two thousand to the dollar after its worse week on record. But who can stop this race to the abyss for…

In a recent development, fuel prices in Nigeria, particularly at filling stations operated by independent marketers, have surged…

• Domestic carriers’ N100,000 per one-way trip may increase to N130,000 • Confusion in downstream as IATA Rate of Exchange surges by N139 in 24 hours • Foreign…

Output from the Dangote refinery is expected to displace the country’s fuel and chemical imports in 2024, the Economic Intelligence Unit (EIU) has…

Investors, leading business people and analysts are urging the Nigerian government to negotiate a standby support programme with the International Monetary Fund (IMF) as a way…

The Nigerian federal government is set to introduce a “green surcharge on imported vehicles” as part of its ambitious plan to boost tax revenues.   This announcement was made in the recently released Medium Term…

The Federal Government is reviewing and expanding the National Social Register to accommodate pensioners and ex-servicemen under its Conditional Cash Transfer scheme. It is also removing beneficiaries who have excited the…

• Say More Factories May Close Down • Naira Slide Continues Despite Policy • Ban Was Ineffective, Current Move Good For Economy — Experts Local…

Like in athletics, Nigeria’s currency on Friday raced to an all-time low of N1,170 per dollar on the parallel market, popularly called black. This…

Naira devaluation, FX scarcity and high exchange rates are causing a lull in business activities at the nation’s seaport generally, and the brand new $1.5 billion Lekki Deep Seaport is not an exception. The port,…

Julius Rone, the renowned entre­preneur and CEO of UTM Offshore Limited, has been making significant contributions to Africa’s economic growth. Known as the ‘King of Gas’, Rone has been instrumental in driv­ing innovation…

Not showing clear signs of vanishing soon, Nigeria’s dollar drought has become more complicated after Africa’s largest economy allowed its currency to weaken by about…