News
Stock Market Rises: Investors Gain N123 Billion as Bullish Sentiment Persists
The Nigerian stock market has shown a strong performance as bullish sentiment continues to drive investor confidence. On Tuesday, investors saw a remarkable gain of...
News
Tough Years Ahed: IMF Cuts Nigeria’s 2024 Growth Forecast to 2.9%
The International Monetary Fund (IMF) has slashed Nigeria’s 2024 economic growth forecast, lowering it to 2.9%. This is a 0.2% decrease from its earlier projection...
Business
FG Blocks Shell’s Plan to Sell Onshore Oil Business
The Nigerian government has put a stop to Shell’s proposed sale of its onshore oil business, marking a significant setback for the oil giant's...
Business
Petro Subsidy Removal: Daily Petrol Consumption Falls by 92%
Nigeria’s petrol consumption has taken a massive hit since President Bola Tinubu assumed office. In just one year, daily fuel consumption has dropped by 92%,...
Business
FG Okays ExxonMobil’s $1.28Billion Sale to Seplat After Two-Year Delay
The federal government has finally approved the sale of ExxonMobil’s onshore assets to Seplat Energy, marking the conclusion of a $1.28 billion deal that...
Business
Air Peace’s Battle for Heathrow Slots: UK Softens Stance, Lists Conditions
In a major development, the United Kingdom’s aviation authorities have shown a willingness to discuss slot allocation at London’s Heathrow Airport for Nigerian airline,...
Business
N100bn Case: Dangote Refinery Sues NNPC, Matrix, Others Over Import Licences
Dangote Petroleum Refinery and Petrochemicals has taken legal action against the Nigerian National Petroleum Corporation Limited (NNPCL), Matrix Petroleum, and four other companies over...
Business
Dangote Delays: Marketers Resume Importation With 123million Litres of Petrol
Petroleum marketers in Nigeria have resumed importing petrol as concerns mount over the Dangote Refinery’s inability to meet its production target. This development has raised...