Business

Oil prices have reached their highest level since 2014, as Saudi Arabia announced that it will maintain its voluntary production cuts of one million barrels per day until the end of 2023. Russia also announced it…

Google, on Tuesday, announced the appointment of Alex Okosi as managing director for Google in Africa to help businesses and economies grow. Vice-President of EMEA Emerging Markets at Google, Meir Brand, said Mr Okosi…

In a move that may boost the confidence of both local and foreign investors, the Central Bank of Nigeria ( CBN) said it is working with commercial banks in the country to clear the unsettled foreign exchange backlog…

Nigerian energy company, Oando has officially confirmed its acquisition of Nigerian Agip Oil Company (NAOC), a subsidiary of the Italian energy conglomerate Eni, following the signing of the agreement.…

Foreign firms repatriated $5.86bn from the Nigerian economy between October 2022 and March 2023, the Central Bank of…

The Nigerian Government’s efforts to bolster mining revenue received a significant boost, with the Nigeria Extractive Industries Transparency Initiative (NEITI) announcing a record-breaking achievement. In…

Oil price, on Monday, rose to a record high, nearly hitting the $90 a barrel mark. Brent crude, the…

Nigeria generated N1.49 trillion as the aggregate revenue from value-added tax (VAT) in the first half of 2023, according to data from the National Bureau of Statistics (NBS), released on Monday. The figure…

Social media usage is one of the most popular online activities. In 2022, over 4.59 billion people used social media worldwide, a number projected to increase to almost six billion in 2027. Market leader Facebook is…

Nigeria’s leading indigenous oil company, Oando said it has reached an agreement with Italian oil company Eni for the acquisition of 100% of the shares of Nigerian Agip Oil Company Limited (NAOC Ltd). Completion of…

Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first…

 …….. Reports Profit Before Tax of ₦327.4billion Guaranty Trust Holding Company Plc (“GTCO” or the…

Despite prolonged inflation, interest rate hike, insecurity and other macroeconomic challenges, the Nigerian Exchange Limited (NGX)…

Amid Naira struggles, total inflows into the Investors & Exporters (I&E) window declined for the second consecutive…

A total of $17.18 billion was attracted into the Nigerian economy in the first quarter of the year (Q1 2023),…

Moniepoint Inc. a fintech company said it now processes average monthly transactions valued at $12 billion…

It’s been one month since President Bola Tinubu pledged to energise the Micro, Small and Medium Enterprises (MSME) and the…

Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the…

The giant social media application X, formerly Twitter, has launched its ads revenue sharing programme for content creators worldwide. The programme’s development had been in progress for some time; Elon Musk…

General Overseer of Redeemed Christian Church of God, Pastor Enoch Adeboye, has predicted that the country will experience the period again when naira was stronger than the United States dollar. Adeboye said…

The Chairman, the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ore Depot, Shina Amoo, has lamented that about 60 per cent of independent…

In the first three months of 2023, the Federal Government of Nigeria’s expenses surpassed its revenue by a  N1.43tn,…

Tony Elumelu, Nigerian businessman and philanthropist, has been named a co-chairperson of the Business 20 (B20) India Action Council on African economic integration. The B20 is the official G20 dialogue forumwith the…

President Bola Ahmed Tinubu will be leading 38 prominent Nigerian billionaires and investors to attend the Nigeria-India Presidential roundtable and conference in New Delhi, India.…