Spirit Airlines has filed for Chapter 11 bankruptcy, citing pandemic losses, rising costs, and competition from larger carriers.

The WTO has called on Nigeria to review its customs procedures, citing high inspection rates and trade delays.

Dangote is looking to raise billions of dollars to boost production at the Dangote Refinery, targeting 650,000 bpd

FBN Holdings has announced that its brand name is going to be changed to First Holdco Plc

The CBN has reported that foreign remittances dropped to $1.55 billion as policies struggle to bolster Nigeria’s foreign exchange inflows.

NNPC and oil marketers imported 1.9 billion litres of petroleum products worth nearly N3 trillion between October and November 2024.

The Bank of Mexico has cut its key interest rate by 25 basis points to 10.25%

Tilewa Adebajo has stressed the need to assess the 2024 budget’s performance and address significant revenue shortfalls for 2025.

FBN Holdings has approved a N14.4 billion dividend, appoints Adebowale Oyedeji as new Group Managing Director.

UBA has launched its N239.4 billion rights issue to bolster capital, enhance lending, and drive expansion across Africa.

Benue State’s Commissioner for Finance has emphasised the need for farming to evolve from a lifestyle to a profitable venture.

NNPC and Dangote Refinery have agreed on a decade-long gas supply deal aimed at increasing refinery production capacity.

Minister Adelabu has urged ICRC to assess investors’ financial, technical capabilities before entrusting them with public assets in power sector.

WTO’s Okonjo-Iweala has urged G20 countries to avoid trade restrictions that could worsen global economic uncertainty, stressing market openness and predictability.

The Central Bank of Nigeria has reported $3.5 billion spent on foreign debt servicing over the past nine months.

Volkswagen and Rivian have launched a $5.8bn joint venture, sharing critical EV technology amid slowing global demand and competition.

NCAA has barred licensed pilots from conducting cross-crew operations for multiple airlines, citing safety risks and inconsistent operational standards.

OPEC has reported that Nigeria’s crude oil production increased by 35,000 barrels per day in October, reaching 1.085 million barrels.

Afreximbank has approved a $200m finance facility for BUA Industries, supporting expansion in manufacturing, infrastructure, and export sectors in Nigeria.

TotalEnergies has presented five key strategies to revive Nigeria’s oil sector, including attractive investor costs and re-licensing of expired blocks.