Nigeria’s oil exploration dropped sharply in April — OPEC
Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According…
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SEC announces shift to T+1 settlement cycle for Nigerian capital market
The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from…
Nollywood’s ‘Call of My Life’ grosses ₦78.2m at weekend box office
Over the weekend of May 15 to 17, Call of My Life opened with a combined N76.5 million in its first weekend…
Togo scraps visa requirements for all African passport holders
The government of Togo has announced the elimination of entry visa requirements for all African citizens holding valid national passports, in a…
Naira depreciates slightly against dollar at official, parallel FX markets
The naira recorded a slight depreciation against the United States dollar across both the official Nigerian Foreign Exchange Market and the parallel…
Sugar industry can create one million jobs, curb insecurity — NSDC
The Executive Secretary/CEO of the National Sugar Development Council, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address…
West, Central Africa commit $27bn to port projects for trade growth
Nigerian and other countries in West and Central Africa have committed over $27 billion to port infrastructure expansion projects aimed at strengthening…
NRS introduces single tax ID for all taxpayers in Nigeria
Nigeria Revenue Service, in collaboration with the Joint Revenue Board, has announced the implementation of a new Taxpayer Identification system for all…
Iran sets up new body to manage Strait of Hormuz
Iran’s top security authority said on Monday it has established a new body to oversee operations in the Strait of Hormuz, a…
Dangote pledges massive fertiliser push for Africa food security
President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments. He…
Naira shows slight fluctuations against US dollar in FX markets
The naira traded with slight fluctuations against the United States dollar across the official and parallel foreign exchange markets on Monday, May…
Dangote boosts Ethiopia fertiliser investment to over $4bn
The President of Dangote Industries Limited, Aliko Dangote, received a hero’s welcome in Gode, Ethiopia, on a visit tied to his group’s…