Business
CBN Discontinues Price Verification System Portal
The Central Bank of Nigeria (CBN) has announced the discontinuation of its Price Verification System (PVS) portal, effective July 1, 2024. The decision marks a...
Business
Multinational Oil Firms Sabotaging Dangote Refinery – VP
The Vice President of Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) operating in Nigeria of...
Business
Pipeline of Prosperity: NNPC Says Major Gas Project Will Be Completed 2025
Top government officials have underscored the transformative potential of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on Nigeria's economy and industrial sector, during a site...
Business
Inflation, Food Prices Expected to Decline Starting July – Rewane
A well-respected analyst Bismarck Rewane, CEO of Financial Derivatives, has forecasted a decline in both inflation and food prices starting from July to August...
Business
Otedola Buys 546Million First Bank Shares For N12bn
Femi Otedola, has significantly increased his investment in FBN Holdings by acquiring 546.7 million units of shares valued at N12.01 billion. According to the Nigerian...
Business
FG Expands 2024 Oil Bid Round with 17 New Blocks
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the addition of 17 new deep offshore oil blocks to its 2024 oil bid round,...
Business
Lagos, Abuja Ranked Among Africa’s Least Expensive Cities
Mercer’s cost-of-living rankings for 2024 have been released with Lagos and Abuja emerging as Africa’s second and third least expensive cities respectively. The index, released...
Business
Bitcoin Miners Intensify Sell-Offs Amidst Revenue Slump
Bitcoin (BTC) has faced a tumultuous week, plummeting 4.5% to hit a monthly low of $65,000, a decline possibly exacerbated by intensified selling from...