Business News

The President of the African Development Bank Group, (AfDB), Dr. Akinwunmi Adesina, has said from the virtual Africa Investment Forum held in March this year, the bank secured $15.6 billion...

The 2022 Afrinvest Banking Sector Report has revealed that despite daunting economic challenges, commercial banks in the country recorded modest improvement in all regulatory indicators. The report, presented by Deputy...

Saudi Aramco’s continued its historic run yesterday , achieving a profit surge of 39 per cent in the third quarter of 2022 and surpassing the average forecasts. Profits of the...

The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Belo-Koko yesterday in Lagos, stated that the Export Processing Terminal at Lilypond in Ijora, would further enhance Nigeria’s non-oil exports...

After a prolonged dispute that hobbled oil production at Oil Mining Leases (OMLs) 123, 124, 126 and 137, operated by Addax Petroleum Nigeria Limited, the company has reached a close-out...

Investors in stock market of the Nigerian Exchange Limited (NGX) lost an average N2.57 trillion in the October 2022 as escalated global energy and commodity crises triggered massive portfolio realignments....

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday said that the performance of Nigeria’s domestic gas supply obligation reached 64.8 per cent between September 2021 and the same...

The China Habour Engineering LFTZ Enterprise (CHELE), a subsidiary of China Habour Engineering Company Limited (CHEC), that is the engineering, procurement and construction (EPC) contractor for the $1.5 billion Lekki...

The Organisation of Petroleum Exporting Countries (OPEC) has said that global oil demand will grow by 13 million bpd by 2045 compared to the 97 million bpd demand in 2021,...

Despite harsh operating environment, MTN Nigeria Communications Plc, Dangote Cement Plc and 20 others companies in the banking, cement manufacturing, Fast-Moving Consumer Goods (FMCG), petroleum marketing sectors, among others reported...