News

Adebayo "Bayo" Ogunlesi, the CEO and chairman of Global Infrastructure Partners (GIP), has been added to OpenAI's board of directors. Ogunlesi, a notable figure in infrastructure investing, co-founded GIP, a...

The Naira fell to N1,660 per dollar in the parallel market Tuesday, down from N1,655 on Monday. However, on the official foreign currency market, the Naira rose to N1,549 per...

The Central Bank of Nigeria (CBN) has fined Deposit Money Banks (DMBs) ₦150 million for failing to make Naira notes available through ATMs during the holiday season. The action follows...

The Embassy of France in Nigeria has announced its annual call for proposals to support projects from Nigerian Civil Society Organizations (CSOs) through the French Embassy Fund for Civil Society...

The value of eNaira, the Central Bank of Nigeria's digital currency, increased by 78.8 percent year on year (YoY) to N18.32 billion in the first ten months of 2024 (Q3'24),...

The Naira rose to N1,655 per dollar in the parallel market Tuesday, up from N1,665 last weekend. However, the Naira fell to N1,550 per dollar on the official foreign currency...

Jumia Nigeria has released the top 2025 e-commerce trends that businesses and consumers should be aware of. According to the firm in a statement, e-commerce is rapidly expanding, with Forbes...

The first quarter of 2025 is expected to generate ₦2.41 billion in profit after taxes, according to TotalEnergies Marketing Nigeria Plc. Financial Projections for Q1 2025: Revenue: ₦213.91 billion Cost...

Nigeria attained 98.97% of its OPEC crude oil production quota in December 2024, averaging 1.48 million barrels per day (mb/d) as opposed to the allotted 1.5 mb/d. Production Details: Crude...

The price of Premium Motor Spirit (PMS), commonly known as petrol, has risen to ₦950 per litre at various depots across Nigeria. This rise is ascribed to the recent spike...