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The Dangote Petroleum Refinery has again increased the gantry price of Premium Motor Spirit (PMS), popularly known as petrol, to N1,175 per litre, marking another upward...
FCMB Group Plc has announced the successful completion of its N500 billion capital raise ahead of the Central Bank of Nigeria’s March 31 recapitalisation deadline. The development was...
Worried by the quality of bank assets, the Central Bank of Nigeria (CBN) has given banks a matching order on de-risking of insider lending, with tight...
Petrol prices in Nigeria could rise to about N1,400 per litre this week as marketers await a possible repricing of Premium Motor Spirit (PMS) by the...
Billionaire businessman, Femi Otedola has described his three daughters – Tolani, Florence (DJ Cuppy) and Temi – as his greatest investments. The Chairman of First Holdco...
Oil production from Iraq’s main southern oilfields has dropped by about 70% after the country was unable to export crude through the Strait of Hormuz amid...
Nigeria will continue to be the backbone of Dangote’s export ambitions even as competition intensifies in its domestic market, said group chief executive Arvind Pathak during...
Nigeria has, in recent years, acquired an unenviable reputation for relentless borrowing. The frequency and scale of public debt accumulation have become defining features of fiscal...
Many young professionals across Nigeria are moving back into their childhood bedrooms as rising rents and stagnant wages make independent living increasingly unaffordable in Africa’s most...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says fluctuations in fuel pump prices are a direct result of market dynamics under Nigeria’s deregulated downstream...