Category: News

Price pressure, weak demand drives PMI to seven-month low

The Stanbic IBTC Purchasing Managers Index fell to a seven-month low amid weak demand and...

Dangote refinery increases gasoil exports to West Africa

Dangote oil refinery is rapidly increasing its gasoil exports to West Africa, capturing market share...

Dangote refinery: Marketers fear higher petrol price

Petroleum marketers are concerned that the petrol price from the Dangote refinery may be higher...

Oil companies patronize illegal refineries, Tantita security claims

Tantita Security Services Nigeria Limited purportedly revealed on Monday that oil corporations buy refined automotive...

Bank directors buy N39bn shares amid sector recapitalisation

As the banking sector’s recapitalisation accelerates, some bank executives are beginning to bet on their...

Meta rolls out monetization for Nigerian, Ghanaian creators

Social media giant, Meta has announced that content creators from Nigeria and Ghana can now...

MSMEs are backbone of global economies – Moniepoint

The Managing Director of Moniepoint MFB, Babatunde Olofin has commended Micro, Small, and Medium Enterprises...

FG launch savings bonds offer with lowest returns since March 2024

The Federal Government of Nigeria,  through the Debt Management Office, has opened the sale of...

NRC reports 84.91% revenue growth in Q1 of 2024

The Nigeria Railway Corporation has stated that its revenue increased by 84.91 per cent in...

Nigeria’s capital imports surged 210% to $3.37bn Q1, 2024 – NBS

Nigeria’s total capital imports increased by 210.16% in the first quarter of 2024, from $1.08...

Rising volume of non-bank transactions threaten financial stability – Cardoso

The governor of the Central Bank of Nigeria, Yemi Cardoso, has expressed concern about the...

Obi warns FG over borrowings, says debt may hit N150trn

Former presidential candidate, Peter Obi has warned that Nigeria’s debt might exceed N150 trillion by...