News

Egypt, which secured the top position in 2023, is poised to relinquish it to South Africa, primarily due to a series of currency devaluations. Based on the IMF's World Economic...

The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it...

Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The...

Nigeria is moving to criminalise the destruction of broadband fiber cables in response to ongoing grievances from major telecommunications companies like MTN Nigeria Communications Plc. Sources familiar with the situation...

The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, the Chairman of the Nigeria...

In a communication to its shareholders, Nestle Nigeria Plc disclosed that a substantial portion, 94%, of its N195 billion foreign exchange (FX) losses comprises "unrealized exchange losses." Specifically, N184 billion...

The Nigerian Bureau of Statistics (NBS) reveals that the average retail price of Automotive Gas Oil (Diesel) experienced a substantial 59.51% year-over-year increase, soaring from N840.81 per litre in March...

China has forgiven an undisclosed amount of Zimbabwe's interest-free loans and pledged assistance to help the country address its ongoing debt crisis. However, Zimbabwean activists caution against falling into a...

Yesterday, the Naira strengthened to N1,060 per dollar on the parallel market, up from N1,105 per dollar on Wednesday. However, it fell to N1,154.08 per dollar on the Nigerian Foreign...

The Nigerian Bar Association, NBA, announced on Thursday that it has asked Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, WTO, to address over 20,000 legal practitioners in the...