Investors Commit N2.41trn to Treasury Bills Auction   Nigeria's treasury bills auction on February 19, 2025, attracted robust investor interest, with subscriptions totaling N2.41 trillion across the three available tenors. However, this marked a decline from the N3.22tn recorded in the previous auction...

Govt Won't Interfere with Crude Oil Prices, NUPRC Reiterates   The Federal Government has reaffirmed its stance against price-fixing for crude oil, emphasizing its commitment to adhering to international best practices. Instead, the government will allow market forces to dictate prices,...

NDIC Engages External Solicitors to Boost Debt Recovery Efforts   The Nigeria Deposit Insurance Corporation (NDIC) has tasked its external solicitors to intensify their efforts in supporting the corporation's debt recovery and asset realization initiatives. This was disclosed by the Managing Director/Chief Executive,...

Nigeria Has Capacity to Produce 4mbpd of Oil - OPEC   According to Ademola Adeyemi-Bero, Chairman of the OPEC Board of Governors, Nigeria's abundant hydrocarbon reserves should enable the country to produce up to four million barrels of oil per day,...

Emirates Airlines Commits $200m to Enhance Pharmaceutical Cargo Handling   Emirates SkyCargo, the cargo division of Emirates Group, has announced a significant investment of $200 million in state-of-the-art equipment and facilities. This substantial investment aims to provide premium handling and transportation...

Nigerian Stock Market Reverses Gains, Loses N26bn   The Nigerian stock market experienced a downturn on Thursday, as bearish sentiment returned, resulting in a N26 billion loss for investors. Consequently, the market capitalization of the Nigerian Exchange (NGX) declined to N67.7...