Category: featured

OPEC+ raises output again as Nigeria beats quota

OPEC+ has approved a 188,000 barrels per day increase in oil production quotas for September....

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...

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...

South Africa proposes new $30 fee for ETA applicants

South Africa is proposing a new ZAR 500 ($30) processing fee for travellers applying for...

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...

34 institutions face CBN sanctions over forex regulatory breaches

The Central Bank of Nigeria has uncovered foreign exchange regulatory violations by some authorised dealers...

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...

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...

Resident doctors declare indefinite nationwide strike from August 10

The Nigerian Association of Resident Doctors has declared an indefinite nationwide industrial action from August...

Femi Otedola acquires ₦222.20bn First HoldCo shares

The chairman of First HoldCo, Femi Otedola, has acquired 1.77 billion shares of the financial...

Civil service boss admits failure as Reps probe fake agency scandal

The Head of Civil Service of the Federation, Mrs. Esther Didi Walson-Jack, on Wednesday admitted...

Naira holds steady at ₦1,358.63/$ in official FX market

The United States Dollar traded against the Nigerian Naira at an official rate of approximately...