News

A significant boost is on the horizon for Apapa Port, as APM Terminals, under the leadership of Global CEO Mr. Keith Svendsen, announces intentions to inject $500 million into its...

The Central Bank of Nigeria (CBN) has announced significant reforms in the foreign exchange market, signalling a move towards a market-driven exchange rate mechanism and potentially paving the way for...

TotalEnergies has announced its intention to sell its minority stake in a significant Nigerian onshore oil joint venture following Shell's recent divestment from the same venture. During a presentation of...

Financial analysts have projected that several factors, including the management of inflation, exchange rate by the Central Bank of Nigeria and technological advancements will be the major determinants of the...

Africa’s biggest pay TV company, MultiChoice Group, says its Nigerian subsidiary has reached a settlement with the Federal Government via the Federal Inland Revenue Service and agreed to pay a...

Nigeria’s food production will rise by 48 per cent to €62.6bn between 2021 and 2024, according to Fairtrade and OTACCWA. In a statement, Fairtrade and OTACCWA, organisers of the Nigeria...

The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA...

Investments in the agrofood, plastics, printing, and packaging sectors have reached a total of €363 million (equivalent to N488 billion) as of 2022, according to recent observations. Freyja Detjen, Senior...

According to data released by the Nigeria Inter-Bank Settlement Systems (NIBSS), 17 licensed mobile money operators facilitated transactions valued at N46.6 trillion in 2023. This marks the country's highest annual...

The Nigerian Ports Authority (NPA) has partnered with the Kaduna Inland Dry Port (KIDP) management to enhance the significant agricultural export value, which amounted to over N6.5 trillion in the...