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Category: Business
Saudi reaffirms commitment to strengthen ties with Nigeria
The Kingdom of Saudi Arabia, KSA has reaffirmed it commitment to strengthening its ties with the Nigerian government. The Consul General of the Kingdom of…
UNGA: Invest in Nigeria, Africa minerals to diversify supply to international market – Tinubu
President Bola Ahmed Tinubu has told world leaders gathered at the 80th session of the United Nations General Assembly (UNGA) in New York, United States,…
14 banks have met CBN’s new capital requirement – Cardoso
Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Tuesday, said 14 banks have so far met the new regulatory capital requirements introduced earlier…
FG seeks fresh investments in oil, gas sector
The Federal Government has reiterated its commitment to attracting more investments into Nigeria’s oil and gas sector to drive industrialisation and economic growth, THE PRIME…
JUST IN: CBN reduces Monetary Policy Rate to 27%
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, from 27.5 percent to 27 percent, THE PRIME…
Keyamo, DALIL UAE sign MoU on advanced cargo information system
Federal Government has signed a Memorandum of Understanding with DALIL UAE to establish a framework for Advanced Cargo Information (ACI) deployment across Nigerian airports. The…
US reiterates Visa ban on corrupt individuals, family members
The United States has reaffirmed that individuals involved in corruption, including high-profile figures, may face visa restrictions under its global accountability measures. The US Mission…
Oil sector grew by 20% in Q2 2025 – NBS
The National Bureau of Statistics (NBS) has said that Nigeria’s oil sector grew by 20.46 percent in the second quarter (Q2) of 2025, outperforming the…
FX reserves hit $42bn, highest in six years
Nigeria’s external reserves climbed to their strongest level in six years, crossing the $42bn mark for the first time since September 2019. Latest data from…
Dangote’s 4,000 trucks not enough for nationwide petrol supply — Marketers
Oil marketers have said Dangote Refinery’s newly launched CNG-powered trucks would not be enough for an effective distribution of petroleum products across the country. The…