Business News

President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI) for a term...

Queues at petrol stations in Lagos, Abuja and several cities across the country grew longer yesterday as marketers claimed that the depots now have limited supply. Petrol marketers told Vanguard that...

Nigeria’s exports to Angola hit $ 16.8 million between 2020 and 2022, the Secretary of State for International Cooperation and Angola communities, Domingos Lopes, said. Lopes stated this at the...

The African Export-Import Bank (Afreximbank) has signed a 7-year term loan agreement with Nigeria's Alphaden Energy & Oilfield Limited to construct a 20 million standard cubic feet per day gas...

Insurance companies in Nigeria transferred 63.4 per cent of the businesses they generated in the second quarter of 2023, Q2’23, to their foreign counterparts. The volume of the transfers breaches...

NIGERIA and African Export Import Bank, Afreximbank, yesterday, signed an agreement targeted at funding the nation’s $200 million Liquefied Natural Gas, LNG project, located in Bayelsa State. The agreement was...

The Federal Government in collaboration with the Central Bank of Nigeria, has said it would finance production of four million prepaid meters locally, a power sector document obtained by The PUNCH on...

The crises festering in Nigeria’s currency exchange market doubled down yesterday with the local currency depreciating further across all segments of the market. Vanguard’s monitor of the market yesterday indicated...

Namibian Energy, Maggy Shino, who holds the esteemed position of Petroleum Commissioner within Namibia's Ministry of Mines and Energy, delivered a comprehensive and insightful update on the state of the...

AEW, africa is currently grappling with a pressing challenge that involves meeting its rapidly growing energy demands. This issue is multifaceted, given the continent's diverse landscape and the need to...