Business
Nigeria Eyes 1.8 Million bpd Output as NNPC Plans Production Boost
2 weeks ago
Nigeria Eyes 1.8 Million bpd Output as NNPC Plans Production Boost
Nigeria is targeting an increase in crude oil production to an average of 1.8 million barrels per day (bpd) in…
Crude Oil Falls on Diplomatic Signals, Market Holds Firm Above $100
2 weeks ago
Crude Oil Falls on Diplomatic Signals, Market Holds Firm Above $100
Crude oil prices declined on Friday following renewed diplomatic signals around the ongoing Middle East conflict, but the market remained…
Nigeria Attracts $23.2 Billion in Capital Inflows as Investors Chase High Yields
2 weeks ago
Nigeria Attracts $23.2 Billion in Capital Inflows as Investors Chase High Yields
Nigeria recorded a sharp increase in capital inflows in 2025 with total foreign investment rising to $23.22 billion from $12.32…
CBN Ends 50% FX Retention Rule for Oil Exporters to Improve Market Liquidity
2 weeks ago
CBN Ends 50% FX Retention Rule for Oil Exporters to Improve Market Liquidity
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has removed the requirement mandating international oil companies to retain a…
Nigeria Rolls Out Digital Trade Platform to Cut Port Delays and Boost Efficiency
2 weeks ago
Nigeria Rolls Out Digital Trade Platform to Cut Port Delays and Boost Efficiency
Nigeria is set to deploy a centralised digital trade platform aimed at streamlining import and export processes, reducing port congestion…
Nigerian Stock Market Records Marginal Gain as ASI Climbs to 200,957.89 Amid Strong Trading Activity
2 weeks ago
Nigerian Stock Market Records Marginal Gain as ASI Climbs to 200,957.89 Amid Strong Trading Activity
The Nigerian Exchange Limited (NGX) closed on a positive note on Thursday as the All-Share Index (ASI) edged higher by…
Black Market Dollar to Naira Exchange Rate Today, Thursday, March 26th 2026
2 weeks ago
Black Market Dollar to Naira Exchange Rate Today, Thursday, March 26th 2026
The Dollar to Naira black market exchange rate declined on Thursday, March 26th 2026, as improved short-term dollar availability eased…
Nigerian Stock Market Extends Gains as ASI Rises to 200,925.75 on Sustained Buying Interest
2 weeks ago
Nigerian Stock Market Extends Gains as ASI Rises to 200,925.75 on Sustained Buying Interest
The Nigerian Exchange Limited (NGX) sustained its upward momentum on Wednesday as the All-Share Index (ASI) advanced marginally by 0.11…
Oil Sector Inefficiency Remains Nigeria’s Biggest Revenue Risk
2 weeks ago
Oil Sector Inefficiency Remains Nigeria’s Biggest Revenue Risk
Nigeria’s ability to benefit from elevated global crude prices continues to be constrained by persistent inefficiencies in its oil sector.…
Legend Internet Plc, Spectranet Announce Proposed Merger to Expand Broadband Capacity
2 weeks ago
Legend Internet Plc, Spectranet Announce Proposed Merger to Expand Broadband Capacity
Legend Internet Plc has announced a proposed merger with Spectranet Limited in a strategic move aimed at strengthening broadband infrastructure…