Business

Nigeria has lost over $25.7 billion to crude oil theft between 1999 and 2022, according to a new report that shocked the energy industry. This staggering loss spans 23 years,…

The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate surged to 34.60% in November 2024, reflecting a 0.72 percentage-point increase compared to 33.88% in October 2024. This…

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…

MTN Nigeria has officially increased its data plan prices, a move that follows the Nigerian Communications Commission’s (NCC) approval of a 50% hike in telecom service costs. This marks the…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a ₦12.2 trillion revenue boost in 2024, marking one of the sector’s most significant financial upswings in recent years. This surge…

Alibaba Reports 18 Percent Drop in Annual Profit Amid AI Spending and Economic Challenges Chinese technology giant Alibaba Group has reported a sharp decline in annual profit as the company…

The crypto world is buzzing with activity, and this month, some altcoins are catching all the attention. Qubetics has already raised $7.9 million, and its presale is wrapping up with…

In a groundbreaking development that is set to transform Nigeria’s energy landscape, the Federal Government has confirmed the full restoration of the Port-Harcourt and Warri refineries, a move that is…

The Central Bank of Nigeria (CBN) has imposed a new restriction on the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). Starting from January 10, 2025,…

The Nigerian Extractive Industries Transparency Initiative (NEITI) has given its official endorsement to the 2024 Tax Reform Bill, hailing it as a game-changer that will modernize and streamline Nigeria’s tax…