Business News

The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024...

Nigeria's oil production output in April 2024 increased by four percent to 1.28 million barrels per day, up from 1.23 million barrels per day in March, according to figures issued...

Nigerian National Petroleum Company Exploration and Production Limited and Natural Oilfield Services Limited have announced the commencement of oil production at Oil Mining Lease 13 in Akwa Ibom State. This...

The National Assembly and the 36 state assemblies of the federation as well as their agencies will spend about N724bn this year, an analysis of their 2024 budgets by The...

NNPC Oil Production Limited announced on Sunday that its upstream subsidiary, NNPC Exploration and Production Limited (NNPC E&P Ltd), and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil...

The Nigerian Exchange Limited has listed N4.08bn of the AVA Infrastructure Series 1 Fund on its trading platform. AVA Infrastructure Series 1 Fund’s 4,075 units were listed on the Main...

The Nigerian capital market declined by 1.36 per cent last week on the back of losses by PZ Cussons, McNichols, Secure Electronic Technology and 39 other equities. The All-Share Index...

The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told...

The Central Bank of Nigeria (CBN) has reported that 935 eligible Bureau De Change (BDC) operators in the North West region are currently receiving foreign exchange (forex). During the Kano...

Mastercard has teamed up with Access Bank to facilitate seamless cross-border transactions throughout the African continent. This collaboration aims to extend Access Africa's financial services to additional countries across Africa,...