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Category: Business
Abuja court strikes out FG’s N30b illegal ads suit against Meta
The Federal High Court sitting in Abuja has dismissed the N30 billion alleged illegal advertisement lawsuit instituted against Meta Platforms Incorporated (owners of Facebook, Instagram…
Nigeria produced 236m barrels of crude in six months – NUPRC
Nigeria produced a total of 236,229,281 barrels of crude oil in the first half of 2024.Data obtained by our correspondent from the Nigerian Upstream Petroleum…
Nigeria’s external reserves surge to $35.77bn – CBN
Nigeria’s external reserves increased to $35.77 billion on Thursday up from the $33.09 Billion at the end of 2023.This is according to Thursday’s data from…
Naira gains against dollar after minimum wage increase
The naira appreciated significantly at both official and foreign exchange black markets on Thursday amid President Bola Tinubu’s N70,000 new national minimum increase.A Bureau De…
Nigeria ranks behind South Africa, Rwanda, 4 others in fastest internet speed
Nigeria trailed behind Réunion, South Africa, Eswatini, Rwanda, Mauritius, and Botswana to emerge seventh in a ranking of Sub-Saharan African countries with the fastest internet…
FG, States, Local Governments Share N1.35tn Revenue For June
FG, States and Local Governments have shared N1.35tn Revenue for June 2024.It was reported that the Federation Account Allocation Committee (FAAC) has disclosed that the…
Nigerian govt approves metering contract for 187 crude oil flow stations
The Nigerian Government has approved the award of a contract to meter 187 crude oil flow stations in the Niger Delta region by the Nigerian…
Dangote Refinery looks to Brazil for crude oil import amid challenge in Nigeria
The 650,000 barrel-per-day Dangote refinery has sought crude oil import from Brazil amid the product availability challenge in Nigeria.This is according to a recent report…
Naira ends week on negative note
The naira depreciated against the dollar at the foreign exchange market to end the week on a negative note. According to FMDQ data, the naira…
Nigerian senators reject bill seeking to reduce CBN’s regulatory power on FX market
Nigerian senators have rejected a bill seeking to amend the Foreign Exchange Act of 2004 expected to reduce the regulatory function of the Central Bank…