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Business - Page 93

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Nigeria’s Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, says Africa risks losing billions in potential market value unless oil-producing nations hardwire local content policies into their energy strategies. Speaking at the 4th African Petroleum

November 6, 2025

Business·Finance & Economy·Top Stories

Five Stocks That Outperformed The NGX This Week—Should You Buy?

The Nigerian Exchange (NGX) had a mixed week, but some stocks outperformed the broader market, delivering impressive gains for investors. If you’re wondering whether these high-performing stocks are worth buying, we’ll break down their performance, the reasons behind their surge, and whether

March 13, 2025

Business·Markets

Factors Driving NGX’s Decline, What You Can Learn

The Nigerian Exchange Limited (NGX) has witnessed a sharp decline, losing N570 billion in one week. Despite strong corporate earnings, investor confidence remains weak. On Wednesday, 12 march trading section, N48bn was lost. Several factors have contributed to this downturn, ranging from

March 13, 2025

Business·Oil & Gas

Why Nigeria’s Crude Oil Production Is Declining – And What Next

Nigeria, Africa’s largest oil producer, is experiencing a steady drop in crude oil production. Once a major global supplier, the country has struggled to maintain its production levels due to several challenges. These include oil theft, pipeline vandalism, regulatory uncertainties, and the

March 13, 2025

Business·News

Lagos-Calabar Highway Project Wasteful, Corrupt – Obasanjo Slams Tinubu

Former President Olusegun Obasanjo has criticised the Lagos-Calabar Coastal Highway, calling it a wasteful and corrupt venture. The project, estimated to cost N15.6tn, has been a subject of controversy, with many questioning its transparency and financial implications. Obasanjo made these remarks in

March 13, 2025

Business·News

Governor Sanwo-Olu Set To Unveil Lagos’ First Syringe Factory In Amuwo Odofin

Lagos State Governor, Mr Babajide Sanwo-Olu, is set to unveil the state’s first indigenous syringe manufacturing factory in Amuwo Odofin today, 13 March 2025. The O-Care Disposable Syringe factory has the capacity to produce millions of syringes every year, meeting local demand

March 13, 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th March 2025

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, also known as black market, as of 13th March 2025

March 13, 2025

Business·Markets

Nigeria’s Equity Market Declines By 0.07% As Investors Remain Cautious

Nigeria’s equity market recorded a decline of 0.07% on Wednesday, as investor caution continued to impact market activity. Market capitalisation decreased by N48 billion, reflecting reduced confidence in the trading environment. Stocks such as Conoil, Berger Paints, and International Energy Insurance were

March 13, 2025

AMA News·Business

Foreign Direct Investment in East Africa at Risk as Corruption in Uganda Comes Under Global Scrutiny

JOHANNESBURG, South Africa, 12 March 2025 -/African Media Agency(AMA)/ – The investment climate in East Africa is undergoing scrutiny as concerns emerge regarding governance and transparency in Uganda. Recent developments, including the case of the illegal detention and arrest of Vasundhara Oswal, an

March 12, 2025

Business·Oil & Gas

Petrol Price Reduction Threatening Our Businesses, Marketers Ask FCCPC, NMDPRA To Intervene

Oil marketers in Nigeria have raised concerns over frequent reductions in petrol prices, warning that their businesses are at risk. The Petroleum Products Retail Outlets Association of Nigeria (PETROAN) has called on the Federal Competition and Consumer Protection Commission (FCCPC) and the

March 12, 2025

Business·FEATURES·Oil & Gas

Nigeria’s Oil Gamble: Will Dangote Refinery, NNPCL’s Naira-for-crude Deal Reshape Energy Market?

Nigeria In October 2024 embarked on a bold initiative to strengthen its energy sector by implementing the “Naira-for-crude” policy. This strategy allowed local refineries to purchase crude oil in the local currency, aiming to reduce dependence on foreign exchange and stabilize fuel

March 12, 2025

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Business - Page 93

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Five Stocks That Outperformed The NGX This Week—Should You Buy?

Factors Driving NGX’s Decline, What You Can Learn

Why Nigeria’s Crude Oil Production Is Declining – And What Next

Lagos-Calabar Highway Project Wasteful, Corrupt – Obasanjo Slams Tinubu

Governor Sanwo-Olu Set To Unveil Lagos’ First Syringe Factory In Amuwo Odofin

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th March 2025

Nigeria’s Equity Market Declines By 0.07% As Investors Remain Cautious

Foreign Direct Investment in East Africa at Risk as Corruption in Uganda Comes Under Global Scrutiny

Petrol Price Reduction Threatening Our Businesses, Marketers Ask FCCPC, NMDPRA To Intervene

Nigeria’s Oil Gamble: Will Dangote Refinery, NNPCL’s Naira-for-crude Deal Reshape Energy Market?

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