Business

We Won’t Stop Borrowing Despite N32.9tn Debt-FG Notwithstanding Nigeria owing $86.39 billion (N32.9 trillion) to external creditors, the nation will continue to borrow to finance...

FG Plans to Hire Asset Manager for N15tn Infraco Fund The federal government plans to hire an asset manager for its new Infrastructure Development Company...

Nigeria’s Bonny Light hits $65.36pb, as OPEC+ Considers oil production Raise Nigeria’s grade of crude oil, Bonny Light, has on Thursday witnessed a marginal rise...

AMCON Heads to Appeal Court Over N69.4b debt by Jimoh Ibrahim The Asset Management Corporation of Nigeria (AMCON) has filed a Notice of Appeal at...

Aghughu Elected Chairperson AU Board of External Auditors. The Auditor-General for the Federation, Mr. Aghughu Adolphus A. has been elected the Chairperson of African Union...

Stock Investors Gain N30bn As Market Closes Higher       Investors in the nation’s stock market gained N30bn on Wednesday as Oando Plc and 21 other firms...

FG Mulls New Options To Deliver Prepaid Meters       The Federal Government has started considering new options in delivering prepaid meters to 60 per cent of...

WorldRemit Supports CBN On New USD Bank Account Opening Process       WorldRemit, a cross-border digital payments service, has expressed support for directive of the Central Bank...

NPA Records 6.6% Fall In Vessel Call     Reflecting the impact of the COVID-19 pandemic on the maritimes sector, the number ships that sailed into the...

Nigeria’s Revenue Prospects Brighten As Oil Hits $67       The international oil benchmark, Brent crude, rose further on Wednesday to $67 per barrel, compared to Nigeria’s...

NSE Market Capitalisation Appreciates By N27bn     The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing...

Diesel Price Rises To N250/litre       The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with...

Nigeria Parleys Equatorial Guinea On Gas Export       Officials of Nigeria’s Federal Ministry of Petroleum Resources have held a meeting with officials of the Ministry of...

Dangote Refinery’ll Strengthen Naira, Save Economy – NASS       The National Assembly (NASS) has said the oil refinery being built by Dangote Group will strengthen the...

Shippers Council, NICON Move To Curb N670m Loss To Container Deposit       The Nigerian Shippers Council, NSC, and the National Insurance Company of Nigeria, NICON, have...

NCS Begins 30% Reduction In Vehicle Duty       The Nigeria Customs Service (NCS) has begun the implementation of five per cent duty on importation of Fully...

"Nigeria Has N58trn Export Gap For Leather, Others"       Nigeria can earn an extra $153.7 billion (N58.58 trillion) from export of leather, rubber, sugar and soya...

NDPHC Seals Pact On Power Supply To Togo       The Niger Delta Power Holding Company on Monday said it had signed a Power Purchase Agreement to...

Petrol Landing Cost Rises To N186 As Oil Hits $64       Against the backdrop of the rising price of oil prices, the landing cost of Premium...

Fuel Price: Buhari To Meet With State Governors, NNPC       President Muhammadu Buhari will meet with state governors and the Nigerian National Petroleum Corporation (NNPC) on...