Business

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…

The Central Bank of Nigeria (CBN) has intensified its efforts to tackle the illegal trade of naira notes, imposing a hefty fine of ₦150 million on Deposit Money Banks (DMBs)…

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…

The Nigeria Labour Congress (NLC), Lagos Council, has praised Dangote Refinery’s decision to reduce fuel prices, calling it a timely intervention for a nation grappling with economic hardships. NLC State…

  Nigeria runs on generators. It is a national embarrassment that the country with the largest economy in Africa cannot reliably keep the lights on for its 220 million citizens.…

Chevron Corporation, one of the most prominent energy companies in the world, has announced a significant reduction in its workforce, with plans to cut 15 to 20 percent of its…

The Nigerian Naira experienced mixed movements on Monday, appreciating slightly in the parallel market to N1,660 per dollar while depreciating in the official market to N1,550 per dollar. The contrasting…

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…

Nigeria’s deep-water oil and gas sector presents one of the most promising opportunities for achieving the country’s ambitious production target of over 2.4 million barrels per day, but this goal…

Economic analysts project that Nigeria’s trade surplus and foreign portfolio investment (FPI) inflows will persist into Q4 2024 and early 2025, driven by the weakened Naira, robust global demand for…