Nigeria, Libya and a handful of African countries again hobbled the projected oil production plan by the Organisation of Petroleum Exporting Countries (OPEC) in April, failing to meet the

  The International Monetary Fund (IMF) has warned that debt vulnerabilities remains elevated in Sub-Saharan Africa, with no fewer than 20 countries in the region either at high risk of

Deposit money banks (DMBs and merchant banks borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) dropped year-on-year (YoY) by 66 per cent to N1.49 trillion in

A new report by Renaissance Capital (RenCap), a frontier market investment company, has stated that despite crude oil prices at over $100 per barrel, the impact on Nigeria’s fiscal position

The stock market segment of the Nigerian Exchange Limited (NGX) has gained N4.46 trillion in its year-to-date (YtD) performance, outperforming the Egyptian Exchange, the Johannesburg Stock Exchange, the Ghana Stock

Clearing agents under the aegis of the National Council of Managing Director of Licensed Customs Agents (NCMDLCA), have told President Muhammadu Buhari that there is no provision for the National

Flour Mills of Nigeria Plc (FMN) has announced that it has completed the acquisition of a 71.69 per cent stake in Honeywell Flour Mills Plc (HFMP). The company, which made

India said on Saturday it had seized $725 million from the local bank accounts of China’s Xiaomi Corp (1810.HK) after a probe found the smartphone maker had made illegal remittances

The International Monetary Fund (IMF) on Thursday maintained that prolonged payment of petrol subsidy in Nigeria was affecting the country’s fiscal balance despite revenue increase from rise in global oil

TotalEnergies SE will put up for sale its minority stake in a Nigerian oil joint venture, joining the exodus of supermajors from onshore fields in Africa’s largest crude producer. The

Nigeria’s federal government Thursday stated that Nigeria’s 206 Trillion Cubic Feet (TCF) of gas is now valued at $803.4 trillion. But this was despite its inability to meet both local

The Nigerian National Petroleum Company (NNPC) once more failed to remit any money to the federation account, a joint pool operated by the federal, state and local governments in the

MTN Nigeria said it spent N3.4 trillion on capital investments and paid N3.5 trillion in taxes and levies to Nigeria’s federal government since it commenced operations in the country 21

The African Development Bank (AfDB) will support Nigeria to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country. Dr Akinwumi Adesina, President of

Nigeria’s federal government through the Ministry of Transportation on Wednesday received the Full Business Case Compliance Certificate on the Badagry Deep Seaport and the Modular Floating Dockyard from the Infrastructure

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards 2022, retaining the award for a third consecutive year. The bank

Elon Musk will have to pay Twitter Inc a fee of $1 billion if the billionaire terminates his $44 billion cash deal for the social media company, it said in

The Chairman of the Economic and Financial Crimes Commission, (EFCC), Mr. Abdulrasheed Bawa, on Monday said the Commission was determined to combat money laundering and terrorism financing in the real