Business

The exploration of crude oil exploration activities at the Kolmani Oil Field has become dormant 16 months after a presidential inauguration of exploration activities on the site. In the twilight...

650,000 mega Dangote oil refinery commenced the supply of petroleum products to the local market yesterday, a company executive and fuel marketing associations told news agencies. The company could save...

the naira continued to gain at both the official window and parallel market with sustained liquidity at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) and availability of FX to...

The Nigeria Customs Service (NCS) import duties and cargo clearance payment exchange rates are higher than the official foreign exchange market rate of the Naira and the United States dollar....

Forbes Magazine yesterday released the 38th edition of its World Billionaires List for 2024, with Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola emerging the only Nigerians on the...

Geregu Power Plc has reiterated its plans in the Nigerian power sector, as the first listed power generating company on the Nigerian Exchange Limited (NGX), the company claims it is...

Commercial banks in Nigeria may need about N4.7 trillion to meet the recapitalization benchmark prescribed by the Central Bank of Nigeria (CBN) in the past week. Findings from the audited...

The Central Bank of Nigeria (CBN) has issued a circular requiring all banks to meet the minimum capital requirement within 24 months. The apex bank on Thursday, 28 March announced...

In a statement released by Eko Electricity Distribution Plc (EKEDC) on Tuesday, 26 March 2024, signed by its board of directors, Mrs Rekhiat Momoh has been appointed the company’s acting chief...

The West Indian Ocean Cable Company (WIOCC), the parent company of Open Access Data Centres (OADC), and one of the companies with the largest capacity is involved in the restoration...