Business
Naira Declines Against Dollar as New Week Begins
The naira started the week on a low note, experiencing a significant decline against the US dollar in the official foreign exchange market. On Monday,...
Business
Nigeria’s GDP Grows by 3.19% in Q2 2024
The economy showed positive signs of growth in the second quarter of 2024, according to a new report from the National Bureau of Statistics...
Business
PENGASSAN Condemns Oil Companies for Favouring Indian Expatriates Over Nigerians
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious concerns about the increasing influx of Indian expatriates in Nigeria's...
Business
FG Bans Mining at Shiroro Attack Site, Vows to Avenge 12 Slain Miners
Following the killings of 12 miners in Shiroro Local Government Area of Niger State, the Federal Government has announced a ban on all mining...
Business
PENGASSAN Blames Fuel Scarcity on Nigeria’s Outdated Distribution System
Nigeria is facing yet another wave of fuel scarcity, with long queues at filling stations becoming a common sight across the country. The Petroleum and...
Business
Dangote Refinery to Shift Focus to Nigerian Crude as U.S. Imports Decline
Dangote Refinery is set to significantly reduce its reliance on imported crude oil from the United States and increase its use of locally sourced...
Business
Naira Gains in Parallel Market, Drops in Official
The Naira appreciated to ₦1,600 per dollar in the parallel market on Thursday, August 22, marking an improvement from ₦1,615 per dollar recorded just...
Business
Big Deal: Oando Buys Nigerian Agip for $783m
Oando PLC, a leading Nigerian energy company, has completed the acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni. The $783...