Category: Business

Petrobras returns to Africa, acquires blocks in Sao Tome and Principe

The Brazilian oil giant, Petrobras, has returned to the African oil and gas market by...

eNaira transactions rise 284% in August – CBN

The Central Bank of Nigeria has recorded a 284.6% rise in the transaction volume of...

Emefiele: TTB’s Lemo, others risk shares forfeiture, CBN investigator warns

The Special Investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria,...

2023: Companies that exited Nigeria amid economic challenges

Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of...

Insecurity, economic hardship to worsen in six states – W’Bank

The World Bank predicts that persistent insecurity, armed conflict, and declining livelihoods will continue to...

IGR to provide N300bn of Enugu’s N521bn 2024 budget – Mbah

The Enugu State Governor, Peter Mbah, has stated that the state is going to generate N300 billion...

MSMEs decry rising NAFDAC testing costs

Wilson Adekumola The Micro, Small and Medium Entrepreneur have bemoaned the excessive charges of testing...

Nigeria’s external reserves dip by $4.28bn in 2023 – Report

Nigeria’s external reserves have been reduced by 11.55 percent ($4.28 billion) year to date, as...

Global financial institutions slash 60,000 jobs in 2023 – Report

Global financial institutions reduced their workforce by around 60,000 people in 2023. The Times reported...

Libya’s stock exchange resumes trading after nine-year closure

Libya’s Stock Exchange started trading on Monday at a facility in the capital Tripoli, after...

Ethiopia defaults on $1bn bond repayment

Ethiopia has defaulted on a $1 billion bond, failing to make a $33 million interest...

Loan apps: FCCPC to address rising debt with new policy

The Federal Competition and Consumer Protection Commission announced plans to create a new regulatory framework...