The house of representatives has asked the Central Bank of Nigeria (CBN) to introduce “stringent regulations” on the operators of point of sale (POS) business in...
The ex-depot price of diesel has crossed the N500 a litre mark, causing more discomfort for businesses who need diesel to power work activities and households....
The naira, today, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’,...
Global oil prices pulled a surprise yesterday, trading above $110 a barrel amid supply disruptions following Russia’s invasion of Ukraine. High oil prices mean more subsidy...
Global oil price surpassed $105 a barrel ahead of the meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, known...
Shell Plc says it will exit joint ventures with Gazprom and related entities, including stakes in three major gas projects and the undersea Nord Stream 2...
Dangote Cement Plc has appointed Halima Aliko Dangote as a non-executive director. Edward Imoedemhe, deputy company secretary of Dangote Cement, said this in a statement issued...
The Central Bank of Nigeria (CBN) says exporters will now enjoy a rebate of N65 for every dollar of non-oil export proceeds sold to third parties...
Airtel Africa says it has signed agreements with Helios Towers Plc for the potential sale of its tower assets in Chad and Gabon. Helios Towers is an...
ExxonMobil has concluded plans to sell its equity interest in Mobil Producing Nigeria Unlimited, MPNU, to Seplat Energy. The International Oil Company, IOC, stated that, “ExxonMobil...