Business

Tinubu Secures $600m Danish Investment To Expand Nigeria’s Existing Seaport Infrastructure 

Tinubu met with chairman of A P Moller-Maersk who committed to expand existing infrastructure to accommodate bigger ships in Nigeria.

5 months ago

Naira Strengthens To 1,380/$ On Parallel Market, Declines To N1,339/$ On Official Window

The Naira strengthened by N70 to reach N1,380/$ on the parallel market, but declined to N1,339/$ on the official window.

5 months ago

Nigeria Unveils $10bn Diaspora Fund To Boost Forex Inflow, Strengthen Naira

Nigeria plans to launch a bond by June to tap into the diaspora as a key source of forex.

5 months ago

Nigeria Not Making Progress In Cocoa, Oil Palm Production, Say Planters

Nigeria, formerly the world’s leading cocoa producer, has slipped in the ranking due to outdated farming techniques, planters say.

5 months ago

Kenya Airways Staff Detained In Congo Over Cargo Dispute

Kenya has accused Congo’s military of detaining two Kenyan airline staffers over cargo issues.

5 months ago

Solid Minerals Minister Alake Describes Nigeria as Africa’s Choice Mining Investment Hub

Minister Alake highlighted Nigeria as Africa's top mining investment spot, citing favorable policies for investors and ease of business.

5 months ago

Naira Weakens Against Dollar for Fourth Consecutive Day, Hits N1,450/$1 in Parallel Market, N1,309/$ at Official Window

The Naira's slide against the dollar continued for a fourth consecutive day, settling at N1,309.81/$1 at the NAFEM window.

5 months ago

NNPC Signs Deal to Build Another 100,000bpd Refining Plant within Port Harcourt Refinery

NNPC, with the aim of increasing national refining capacity, signed agreement with ARPHL for 100,000bpd refinery in Port Harcourt.

5 months ago

World Bank Warns of Global Inflation Risk Amid Potential Escalation in Middle East Conflict

World Bank has warned of potential oil price surge due to Middle East conflict raising global inflation by.

5 months ago

TikTok’s Parent Company ByteDance Firm On ‘No Sale’ Stance Despite US Law Mandate

TikTok has said it will not sell it's app despite threats of a ban from the US.

5 months ago