Naira trades at ₦1,368/$ at official FX market
The naira opened the week with a relatively stable performance against the United States dollar at both the official Nigerian Foreign Exchange…
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FG hasn’t abandoned Eastern Ports infrastructure, NPA assures stakeholders
The Nigerian Ports Authority has dismissed claims that the Eastern Ports have been neglected, saying the Federal Government is investing in infrastructure…
Reforms alone not enough, CFG advisory CEO warns FG
Nigeria requires a coordinated industrial growth strategy that goes beyond macroeconomic reforms to unlock investment in the manufacturing sector and accelerate economic…
I went from dollar millionaire to labourer in England at 35 – Farooq Oreagba
Businessman, Farooq Oreagba, popularly known as “Mr Steeze,” has revealed that he went from being a dollar millionaire at the age of…
OPEC+ raises output again as Nigeria beats quota
OPEC+ has approved a 188,000 barrels per day increase in oil production quotas for September. This marks the fourth consecutive monthly output…
Spider-Man makes ₦120.4m, sets new Nigerian box office preview record
Spider-Man: Brand New Day has recorded the highest preview-night earnings in the history of the Nigerian box office, pulling in N120.4 million…
Spain installs floating border barrier after Ceuta migrant tragedy kills 67
Spain has said migrant crossings into its North African enclave of Ceuta halted overnight as authorities began installing a 500-metre floating barrier…
South Africa proposes new $30 fee for ETA applicants
South Africa is proposing a new ZAR 500 ($30) processing fee for travellers applying for its Electronic Travel Authorisation, as the country…
Berger Paints H1 pre-tax profit hits ₦1.20bn on strong sales
Berger Paints Nigeria Plc has released its H1 financial statement, reporting a pre-tax profit of N1.20 billion for the six months ended…
34 institutions face CBN sanctions over forex regulatory breaches
The Central Bank of Nigeria has uncovered foreign exchange regulatory violations by some authorised dealers following a routine examination of 34 institutions,…
Petrol imports lose price edge over Dangote refinery supplies – Report
The cost of importing Premium Motor Spirit (petrol) into Nigeria has risen above the ex-depot price offered by the Dangote Petroleum Refinery,…
Seplat sells 10% JV stake to NNPCL for $281.6m
Seplat Energy Plc has signed a legally binding agreement to sell a 10 per cent working interest in its joint venture assets…