Business

The Nigerian currency continued its downward trend, falling to ₦1,585 per dollar in the parallel market on Wednesday from ₦1,565 per dollar recorded on Tuesday. This decline marks another setback…

The Federal Government’s recent action to end speculative oil field licensing in Nigeria has stirred strong reactions across the country. Online users and civic commentators have responded with cautious optimism,…

Nigeria is positioning itself as a leading destination for global investments, leveraging a stable exchange rate and improved fiscal transparency to attract investors. Minister of Finance and Coordinating Minister for…

Tragedy Strikes as Kano Records 21 Road Crash Deaths Kano State has been thrown into mourning following a fatal road crash that claimed 21 lives on Monday morning. The accident…

Africa’s richest man, Aliko Dangote, has revealed that he once made about $10 billion in just one quarter of a year, describing it as the largest amount he has ever…

Nigeria’s foreign exchange (FX) reserves have surged by $591.78 million. This significant rise follows the country’s successful Eurobond auction just one month ago. The increase brings much-needed stability to Nigeria’s…

The Nigerian National Assembly has strengthened the Securities and Exchange Commission (SEC) by granting it expanded regulatory powers under the newly enacted Investment and Securities Bill (2024). This landmark legislation…

By Godwin Oritse The Nigerian Maritime Administration and Safety Agency (NIMASA) has initiated monitoring operations following an oil spill at the Shell Petroleum Development Company (SPDC) loading terminal in Bonny,…

By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission (NERC) has reported a 2.76% increase in electricity subsidies payable by the Federal Government for December 2024, reaching ₦199.64 billion, up…

The Kenyan shilling remained steady against the U.S. dollar on Tuesday, holding firm at 128.90/129.40 per dollar—the same rate as the previous day. This stability has drawn attention from financial…