Business
Anxiety as Femi Otedola offloads 834 million Shares of FBN Holdings
One of Nigeria’s most respected bank holding companies, FBN Holdings, announced its largest single shareholder Femi Otedola has sold down...
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Lagos State Partners with Oando to Provide Electric Mass Transit Buses
Lagos State Government agency, Lagos Metropolitan Area Transport Authority (LAMATA) is partnering with leading indigenous energy solution providers, Oando, to...
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Nigeria gets Licence for National Air Carrier, Delays Start of Operations
The Minister of Aviation, Hadi Sirika, on Monday announced that the Nigeria Air Limited has received an Air Transport License...
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Crude Oil Exports Rise by 194%, Hit N5.6tn in 3 Months
Amid increasing calls for diversification of the economy, Nigeria’s crude oil exports rise to N5.6trn in the first quarter of...
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Top Grade Lithium Deposit Discovered In Kwara – FG
The federal government says “high grade” lithium has been discovered in Kwara state. Abdulrazaq Garba, director-general, Nigerian Geological Survey Agency...
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$47m Debt: Shoprite’s Application To Discharge Order Stopping Its Exit From Nigeria Dismissed
Justice Ambrose Lewis-Allagoa of a Lagos Federal High Court, dismissed an application filed by the promoters of the largest retailing...
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Domestic Transactions on Nigeria’s Stock Exchange Hits N742 billion Between Jan-April 2022
The total value of domestic transactions on the Nigerian Exchange Limited (NGX) for the first four months of the year...
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Crude Oil nears $120 a Barrel amid Saudi Arabia Confidence in Demand
Crude oil prices rose further after Saudi Arabia expressed its confidence in demand by raising the price of its crude...
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CBN RT200: Exports Rise by 137.9%, Capital Imports Slow to $1.5bn in Q1 2022
The RT200 policy recently launched by the Central Bank of Nigeria (CBN) to incentivise export earnings has started to yield...
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OPEC Increases Nigeria’s Crude Oil Production Quota To 1.799mbpd In July
The Organisation of the Petroleum Exporting Countries (OPEC) has announced it has increased Nigeria’s crude oil production quota from 1.766...
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