Category: News

MTN, Airtel cut $1.2bn debt to reduce FX burden

MTN Nigeria Communications Plc and Airtel Africa have significantly reduced their foreign debt, repaying a...

Blackout: US embassy reschedules visa applications in Lagos, Abuja

The United States Department of State has attributed the recent visa application challenges for Nigerians...

Deceased retirees’ relatives receive N274bn in death benefits – PenCom

The National Pension Commission has disbursed N274.34 billion in death benefits to 45,976 beneficiaries over...

NCDMB acquires 20% stake in 100,000bpd Rivers refinery project

The Nigerian Content Development and Monitoring Board has acquired a 20% equity stake in a...

UK-Nigeria trade hits £7.8bn

Nigeria-United Kingdom trade is currently valued at £7.8 billion, according to UK Deputy High Commissioner,...

Seplat reports 11% increase in production after SEPNU acquisition

Seplat Energy Plc has recorded an 11% surge in total production following its acquisition of...

World’s richest woman, brother lose $5.4bn as Walmart shares decline

The world’s richest woman, Alice Walton, and her brother Jim Walton have seen their collective...

Naira declines, erasing recent gains in official, parallel markets

Over the past week, the Nigerian naira experienced a depreciation against the US dollar in...

Gold holds steady as economic uncertainty fuels safe-haven demand

Gold prices remained steady after last week’s gains as growing concerns about the global economy...

Nigerians import few cars as inflation, FX woes bite

Nigerians imported fewer passenger cars in 2024 as rising inflation and naira depreciation made foreign...

MAN laments excessive annual charges by FRC

The Manufacturers Association of Nigeria has expressed serious concern over the substantial increase in annual...

Equity market records N476bn loss in weekly performance

The Nigerian stock market declined, losing N476.0 billion in one week as investors traded 1.818...

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