Shell Plc has reached an agreement to sell its Nigerian onshore oil assets to a local consortium for over $1.3 billion, pending government approval. Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich,... Read more »
Telecommunications Group, Vodafone, has signed a deal with Microsoft involving a $1.5 billion investment in AI and cloud services to boost adoption in Africa. In the deal announced on Tuesday, Vodafone will... Read more »
The naira yesterday fell to N1,350 per dollar in the parallel market from N1,295 per dollar on Tuesday.However, the naira depreciated to N931.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM).... Read more »
The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters nationwide following an independent forensic review conducted by a reputable firm to investigate forex exchange issues in the... Read more »
In the wake of Nigeria’s persistently turbulent forex crisis, manufacturers are projecting imminent price hikes for commodities in response to the Naira’s continuous decline against the US dollar. Francis Meshioye, the President... Read more »
The Federal Government of Nigeria said it is working towards reducing the cost of transportation by over 50 per cent. The Minister of Information and National Orientation, Mohammed Idris said this when... Read more »
The board of Access Holdings Plc is set to announce an acting Group Chief Executive Officer to succeed the late CEO, Herbert Wigwe, in the wake of his tragic passing. In a... Read more »
Access Holdings Plc has made a decisive move in leadership continuity by appointing Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This is in a swift response to the unexpected... Read more »
Dangote Refinery is due to deliver its first fuel into the local market within weeks, four sources confirmed to Reuters, in a key milestone towards long sought energy independence for Nigeria. The... Read more »
The Central Bank of Nigeria (CBN) took its latest step towards stabilising the naira after selling almost $90 million in the spot FX market on Tuesday, its first sale of dollars in the... Read more »
A mobile telecommunications giant, Airtel Nigeria, in conjunction with Roducate, a digital education economy school platform has provided a learning app for students, educators and parents. The Airtel-Roducate Exam Success package provides... Read more »
The landing cost of imported petrol has surpassed N1,000 per litre as the country’s foreign exchange crisis deepened, according to findings by BusinessDay. At the black-market rate of N1,500 per dollar, findings showed the... Read more »
The President of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA), Otunba Oye, has called on the Central Bank of Nigeria (CBN), to immediately investigate and prosecute those... Read more »
The naira yesterday depreciated to N1,500 per dollar in the parallel market from N1,465 per dollar on Tuesday.Similarly, the naira depreciated to N1,479.47 per dollar in the Nigerian Foreign Exchange Market (NAFEM).... Read more »
Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total tax of about $37.3 million. According to... Read more »
Jigawa Governor, Alhaji Umar Namadi has announced plans of the state, to cultivate 150,000 hectares of wheat next season farming, saying the “only way to move people out of poverty is through... Read more »
The naira yesterday depreciated to N1,455 per dollar in the parallel market from N1,440 per dollar last week Friday. However, the naira fell to N1,419.86 per dollar in the Nigerian Foreign Exchange... Read more »
The Nigerian government has said it will clamp down on loan apps involved in illegal debt recovery and exploitation of consumers. The crackdown comes amidst an upsurge in violations of the Interagency Joint... Read more »
Olayemi Cardoso, governor of the Central Bank of (CBN) has said it uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market.... Read more »
The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that the Naira... Read more »