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Like other oil producers, Iraq, a founding member of OPEC, was greatly affected by the Middle East war, as it is hugely dependent on oil exports, which make up about 90 percent of its budget revenues. The post Iraq Urges OPEC To Raise Its Oil Production Quota appeared first on Ch...
Nigeria’s oil and gas sector attracted the largest share of bank lending in the first half of 2025, accounting for read more Oil and Gas Firms Emerge as Biggest Beneficiaries of Bank Loans, Report Shows
The sharp selloff on the Nigerian Exchange Limited (NGX) is eroding not only the portfolios of retail investors but also read more Stock market selloff wipes $4bn off Nigerian billionaires’ fortune
One of the greatest mistakes multinational organisations make in Africa is the assumption that a successful leadership culture in one read more Implementing leadership culture across multiple markets
RMBN Money Market Fund receives a two-notch credit rating upgrade to ‘A+’ from Agusto & Co., reflecting its strong asset base and risk management.
One of the clearest ways oil prices influence Nigeria’s economy is through the exchange rate. Higher oil revenues generally increase the flow of foreign currency into the country, helping to support the naira and improve liquidity in foreign exchange markets The post How oil pr...
While paid subscriptions are commonplace among leading Western AI chatbots, including OpenAI's ChatGPT, Anthropic's Claude and Google's Gemini, the Chinese market is dominated by free models due to stiff domestic competition, analysts say. The post ByteDance Rolls Out Paid Subscr...
*As Nestoil, Neconde seek $1.8bin damages against First Bank, Access, Zenith over crude oil loss of 20,000 barrels per day Alex Enumah in Abuja A firm, Drawcok Estate Ltd., has
OPay is increasingly being recognised as a key enabler of Nigeria’s drive towards a more inclusive and digitally connected economy as the country targets 95 per cent financial inclusion by 2028 under the Central Bank of Nigeria’s (CBN) Payment System Vision (PSV) 2028 The pos...
The Chairman, Federal Civil Service Commission (FCSC ), Prof. Tunji Olaopa, has urged more independence for the Revenue Mobilisation Allocation and Fiscal Commission ( RMAFC) to enable it to effectively
Analysts say movements in the naira will continue to depend on dollar inflows from oil exports, foreign portfolio investments, diaspora remittances, and interventions by the Central Bank of Nigeria in the currency market. The post Naira To Dollar Exchange Rate Today, June 25, 202...
Prices surged during the conflict as tensions threatened shipping through the Strait of Hormuz. The post Oil Prices Crash To $72 Pre-War Level appeared first on Channels Television.
The Bank of China, one of the nation's "big four" lenders, evaded paying 2.4 billion yuan ($352 million) in tax between April 2023 and August 2025, an annual report by the National Audit Office on Tuesday showed. The post Chinese State Banks Evaded Tax, Issued Illegal Loans — A...
By Akintayo Eribake Over the years, technology has changed the way Nigerians handle money. Today, many people no longer need to visit a bank to send money, pay bills, buy airtime, or receive payments. With a mobile phone, many financial transactions can now be completed within mi...
Nigeria has announced a significant breakthrough in its solid minerals sector with the discovery of a polymetallic mineral province in read more Nigeria uncovers major lithium, platinum deposits as mining revenue hits N70bn
The naira traded relatively stable against the United States dollar on Thursday, June 25, 2026, across both the official and parallel foreign exchange markets as market participants continued to monitor liquidity conditions and foreign exchange supply. The post Dollar to Naira ex...
Nigeria Customs Service (NCS) has seized prohibited imports valued at N273.7 million in Cross River State, including vegetable oil, used read more Nigeria Customs seizes N273m worth of banned imports in Cross River crackdown
Eurafric Energy Ltd. suffered a decisive courtroom defeat on June 9 when a Lagos Federal High Court dismissed its challenge read more Eurafric Energy suffers court defeat in Dawes Island fight as FG presses appeal
Dangote Refinery refutes S&P Global’s claims that Nigerian marketers re-import its fuel via Togo, calling the allegations “unfounded and misleading.”
NEITI warns that Nigeria’s poor transparency rating could deter foreign investors from its oil, gas, and mining sectors, urging improved accountability.
Rivers State has been described as the best investment location in Nigeria, by air, sea, land and blue economy. The read more Investment experts say Rivers is best business location in Nigeria
Emeka Ezekwe, CEO of an oil and gas facility maintenance service group, has reaffirmed that sustainable economic transformation begins with read more Ezekwe champions women’s enterprise accelerator, leads PHCCIMA/WCCIMA to empower 60 entrepreneurs in PH
THE Naira yesterday depreciated to N1,385 per dollar in the parallel market from N1,380 per dollar on Tuesday. The post Naira down to N1,385/$ in parallel market appeared first on Vanguard News.
*Navy reinforces media partnership to enhance maritime security, combat crude oil theft *FG backs US’ sanctioning of individuals, firms financing terrorism Alex Enumah and Linus Aleke in Abuja Nigeria and
Kayode Tokede The Nigerian stock market reversed two sessions of gains with a decline of N3.6 trillion as widespread profit-taking activities in BUA Cement (10 per cent drop), and 37
New CBN data reveals a N17.4tn surge in FG borrowing, highlighting increased public sector debt and potential crowding out of private sector credit. Get th
Jaiz Bank plans to introduce collateral-free loans for SMEs and retail customers, awaiting CBN approval. This initiative aims to boost financial inclusion
Nigeria’s manufacturing sector remitted a record N329.59bn in Value Added Tax (VAT) in Q1 2026, the highest quarterly contribution in four years. Learn mor
Fuel prices in Nigeria remain elevated despite a significant drop in crude oil prices to $73 per barrel. Consumers are hopeful for a decrease below N1,000 per litre soon.
Lagos Governor's adviser emphasizes that Nigeria's clean cooking initiative can stimulate economic growth and job creation. The initiative also aims to enhance public health across the country.