AfCFTA: Intra-Africa exports to surpass $1trn by 2035 – Standard Chartered
Intra-Africa exports are expected to exceed $1 trillion by 2035 following the adoption of the African Continental Free Trade Agreement, according to…
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Dangote, MTN, others suffer N918.1bn loss on currency revaluation
Eight companies have reported a total currency revaluation loss of N918.1 billion due to a 68.55 percent depreciation of…
NNPCL boosts TotalEnergies’ oil production to 275,000 bpd
The Nigerian National Petroleum Company Limited has restored TotalEnergies’ daily oil production back up to 275,000 barrels. According to The Times, this is…
Customs seize contraband worth N924m in three months
The Nigeria Customs Service, Western Marine Command, reported that from August to October, it seized various illegal items valued at N924 million. According…
Seplat to pay naira dividends at N996.75/$ exchange rate
Seplat said that it will use an exchange rate of N996.75/US$ to calculate the amount payable in Naira, subsequent to the announcement…
Nigeria, Saudi sign MoU on energy cooperation
Nigeria and Saudi Arabia inked a Memorandum of Understanding to enhance cooperation, information exchange, and technology transfer in the oil sector.…
Why stocks may yield higher profits than cryptocurrencies – Stockholders
Stockholders in the capital market have said that the equities market can deliver greater returns for young Nigerians than bitcoin and foreign exchange…
Old, new naira notes remain legal tender – CBN
The Central Bank of Nigeria has directed all its branches across the country to maintain a steady supply of both old…
NNPCL launches new crude grade, ships 1.9m/b in October
The Nigerian National Petroleum Company Limited announced on Tuesday that it has introduced a new crude oil grade called “Nembe” and that…
Naira falls to N1,030/$ as speculators react
The naira lost the momentum it had gained last week and plunged against the dollar on Monday, averaging 1,030/$ on the parallel…
Subsidy: FG owes NNPCL N4.207trn, says spokesman
The Federal government has accumulated a debt of N4.207 trillion to the Nigerian National Petroleum Company Limited, NNPC Ltd, due…
Why Elon Musk lost $35bn in October – Report
The world’s richest man, Elon Musk, witnessed a dramatic decline in wealth in October as he lost a whopping $35 billion, mostly as…