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Nigerian crude oil prices are approaching $120 per barrel amid the ongoing US-Iran crisis. This surge is attributed to the closure of the Strait of Hormuz and escalating regional tensions.
A new report by Verraki reveals a $12 billion investment opportunity in Nigeria's healthcare sector. The report emphasizes the potential for private sector involvement in addressing the challenges faced by the healthcare system.
The National Sugar Development Council believes Nigeria's sugar industry can enhance the economy and address unemployment and insecurity. Mr. Kamar Bakrin emphasizes the sector's potential for significant growth.
Wole Ogunsanya, Chairman of PETAN, has urged Nigeria to seek new buyers for its oil as the UAE's exit poses risks to market stability. This call comes amid concerns over the impact on Nigeria's oil production and revenue.
Nigeria's crude oil production has increased to approximately 1.66 million barrels per day, which is a positive development. However, experts caution that this rebound should not be seen as a significant achievement given the ongoing challenges in the sector.
Global oil demand is projected to contract by 420,000 barrels per day (bpd) in 2026 as the ongoing Middle East conflict continues to disrupt supply flows and trigger extreme volatility
The Nigeria Inland Revenue Service (IRS) has filed a six-count criminal charge against oil and gas firm Saipem Contracting Nigeria Limited and two of its senior Directors, Michele Poggi and
Lagos Police Command on Monday, rescued at least 15 persons who sustained injuries in a fracas that erupted during the Alimosho All Progressives Congress, APC West Senatorial District primary on Monday. The post How police foiled violence at APC senatorial primary in Lagos appear...
The lender stated that the fundraising’s pricing and timing will be determined by its Board, and will be subject to the approval of relevant regulatory authorities. The post Sterling Holdco to raise fresh $400 million through debt, equity instruments appeared first on Premium T...
The tax authority urged MDAs, financial institutions, and other concerned bodies to commence adopting the Tax ID system, to replace the existing TIN Validation API, through the NRS. The post NRS, JRB to implement Tax ID system appeared first on Premium Times Nigeria.
The naira depreciated slightly on Monday in the official foreign exchange (FX) market as liquidity at the Nigerian Foreign Exchange read more Naira down slightly as FX liquidity drops by 55.23%
Liquidity inflows into Nigeria’s financial system are projected to surge sharply this week, rising from an estimated N1.13 trillion recorded read more OMO repayments to push banking system liquidity to N3tn this week
A new supply chain framework developed for African markets has received strong backing from industry practitioners, academics, and a federal read more African supply chain framework earns 99% rating from industry leaders
Foreign exchange (FX) spending on Nigeria’s transport services almost doubled in two years, indicating rising dollar demand in the sector read more FX spending on transport services jumps 98% in two years
Europe's biggest economy has set a legally binding 2030 target to cut greenhouse gas emissions by 65 percent compared with 1990 levels. The post Germany Set To Miss 2030 Climate Goal — Experts appeared first on Channels Television.
By Leye | CEO, Intense Digital Generating more leads is not a growth strategy. This will irritate some marketing professionals. read more Nigerian Brands Are Obsessed With Leads. But Leads Don’t Pay Salaries. Revenue Does
Nigeria’s tax reform is reshaping not just how taxes are collected but how authority, compliance, and taxpayer engagement are structured, read more Nigeria’s tax reform tilts toward enforcement, centralisation amidst low taxpayer awareness
Nigeria's Seme border, despite World Bank modernization efforts, is underutilized and losing potential revenue to the black market. There is a call for a reevaluation of trade strategies to transform it into a profitable asset.
Traders are advised to monitor significant economic events, including central bank decisions and inflation reports, to effectively navigate market movements. These events are crucial for understanding the current economic landscape.
Michael Kabi Nigeria keeps talking about reforming its oil sector, but let us face it, the results are always disappointing. New laws, shiny agencies, big announcements; they come and go.
Three years after a law upgraded Nigeria’s Maritime Academy Oron into a university, the institution remains in limbo while unaccounted billions of naira flow through an institution that no longer exists in the eyes of the law. The post SPECIAL REPORT: Nigeria’s maritime unive...
…sugar company’s return to trillion-naira club deepens concentration of investor wealth on NGX Aliko Dangote has once again joined Abdul read more Dangote rejoins Rabiu, Elumelu with multiple trillion-naira listed firms
Affordable, widely accepted, and built for everyday spending, the Naira Visa Debit Card brings electronic payments within reach for millions of Nigerians The post FirstBank, Visa launch Naira Visa debit card to accelerate Nigeria’s cashless payments drive appeared first on ...
Nigeria’s growing appetite for frozen and ready-to-cook foods is prompting companies such as Fiesta Foods to accelerate investment in cold-chain read more Fiesta foods deepens cold-chain investment to capture Nigeria’s growing frozen food market
Kamar Bakrin, Executive Secretary/CEO of the National Sugar Development Council (NSDC) has spoken about the potential impact of the Nigerian read more NSDC CEO says how sugar industry impacts economy, rural livelihood
The IEA Chief has warned that oil stocks are declining rapidly, indicating potential future shortages. This situation could have significant implications for global oil markets and economies reliant on oil exports.
Peter Obi has expressed concern over President Tinubu's plan for Nigeria to spend $11.6 billion on debt servicing in 2026. This statement was made during the Africa Forward Summit in Nairobi, highlighting potential economic challenges ahead.
Aliko Dangote’s refinery is no longer playing nice as the US$20 billion plant has returned to the courtroom, nearly a read more Dangote’s legal siege pitches monopoly against the market in a Lekki lockdown
The Independent Media and Policy Initiative (IMPI) has stated that the savings from the removal of fuel subsidies are inadequate to address Nigeria's infrastructure deficit. This highlights ongoing challenges in funding essential development projects in the country.
Nigeria’s banking sector may be losing about N2.5 trillion annually in earnings due to the Central Bank of Nigeria’s high read more Nigerian banks lose N2.5tn in annual earnings to CBN’s high CRR