Latest news on business in Nigeria

Nigerian Govt Ends Ways And Means Borrowing Era – Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that the Federal Government has exited from the Ways and Means borrowing mechanism. Mr Edun stated this

Victor Ezeja

1 day ago

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Business·Finance & Economy·Latest News

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria’s external reserves have increased to $37.05 billion as of July 18, 2024. This amounts to $2.35 billion or 6.7 per cent increase from $34.70 billion in June 2024. This was revealed

Victor Ezeja

3 days ago

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·Latest News

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

The Federal Government spent more on debt servicing than on capital expenditures and personnel costs in the first quarter (Q1) of 2024. This means approximately 74 per cent of the Federal Government’s

Victor Ezeja

4 days ago

Business·Latest News·Oil & Gas

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the refinery is producing inferior quality diesel. Dangote, who

Victor Ezeja

5 days ago

Business·Latest News·Oil & Gas

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

TotalEnergies has signed a Share Purchase Agreement (SPA) with Mauritius-based energy firm, Chappal Energies, to sell its minority interest in a Nigerian onshore oil joint venture for $860 million. The French energy

Victor Ezeja

1 week ago

Currency·Finance & Economy·Latest News

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Nigeria’s foreign reserves on Wednesday, surged to $35.05 billion being the highest since President Bola Tinubu assumed office last year. This is data according to data obtained from the Central Bank of

Victor Ezeja

2 weeks ago

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Latest News

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

NGX Group has suspended trading in the shares of Unity Bank, Guinea Insurance, and six other companies for non-compliance with filing requirements for 2023. Other firms affected by the suspension include C&I

Victor Ezeja

2 weeks ago

Business·Latest News

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Access Holdings Plc will on on Monday, 8 July 2024, begin its N351 billion capital raise through rights issue to shareholders. Prime Business Africa reports that the move is to increase the

Victor Ezeja

3 weeks ago

Business·Latest News·Oil & Gas

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

The Nigerian National Petroleum Company Limited (NNPCL), has announced plans to build not less than 100 Compressed Natural Gas (CNG) sites and three Liquefied Natural Gas (LNG) stations to boost gas production.

Victor Ezeja

3 weeks ago

NOVA Merchant Bank Announces Major Increase in Staff Salaries post image

NOVA Bank Begins Operations As National Commercial Bank

NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch at 18, Kofo Abayomi Street, Victoria

Admin

3 weeks ago

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Nigerian Govt Ends Ways And Means Borrowing Era – Edun

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

Recapitalisation: Access Holdings Begins N351bn Right Rights Issue July 8

Gas Production: NNPC Set To Build 100 CNG Sites, 3 LNG Stations

NOVA Bank Begins Operations As National Commercial Bank

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