Crude oil peaks at $88 per barrel amid Israeli-Houthi conflict

Alex Omenye Nigerian crude oil prices edged closer to the $90 per barrel threshold amid escalating tensions in the Middle East and hints of a potential rate-cut cycle in September.

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NSIA grants $220,000 to three Nigerian startups

The Nigeria Sovereign Investment Authority has given $220,000 to three Nigerian startups The winners of the prize emerged on Saturday during the final Demo Day where 10 selected startups pitched

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Nigerian startups receive $220k grant from NSIA

The Nigeria Sovereign Investment Authority has granted a total of $220,000 to three Nigerian startups through the second edition of its NSIA Prize for Innovation. The winners were announced during

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No injuries from accidental flight takeoff – Max Air

Max Air has disclosed that flight NGL1649, a Boeing 737 registered as 5N-ADB, which encountered a significant malfunction during its takeoff at Yola Airport on the evening of Sunday, July

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Stockbrokers report investors’ surge amid ongoing banks’ public offers

Some stockbrokers in Nigeria's capital market have witnessed Encouraging signs of significant investor involvement in the latest public offers and rights issues by banks. The stockbrokers expressed optimism that most

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Our refinery attracts international orders – Dangote

The Chairman and CEO of the Dangote Group, Aliko Dangote recently revealed that from the start of production, all of the initial clients of the Dangote Petroleum Refinery had continuously

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PwC raises concerns on effects of FG’s tax on bank profits

Tax and Advisory Service firm, PricewaterhouseCoopers, has raised concerns over the potential adverse effects of the federal government's proposed legislation to tax already reported profits of banks in 2023. In

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Dangote refinery to import crude oil from Libya

Dangote Refinery in Lagos is currently in negotiations with Libya to import crude oil for its expansive 650,000 barrels per day facility as it ramps up production. Vice President of

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FG spends 74% of revenue on debt in Q1 2024

Debt servicing costs have become a burden for Nigeria's federal government, consuming a staggering 74% of its retained revenue in the first quarter of 2024, according to the latest data

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NIPOST reveals reason behind delay in meeting deliveries

The Postmaster-General of Nigeria, Ms Tola Odeyemi, has attributed the Nigeria Postal Service’s challenges in meeting delivery timelines to poor road infrastructure and financial constraints. Speaking on an Arise TV

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Banks deposits rise 63% to N115tn amid competition from Fintechs

Even in the face of fierce competition from Fintechs, individuals and institutions are increasingly entrusting their funds into the safekeeping and management of Nigerian banks as total deposits in the

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FG to spend N36bn on CNG conversion of 30,000 diesel-powered cars

The Federal Government plans to convert 30,000 petrol or diesel-powered vehicles to run on compressed natural gas, at an average cost of N36 billion in the next ninety days. The

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