OPay, a leading financial technology company, has reaffirmed its strict prohibition of cryptocurrency and virtual asset trading on its platform. As a compliant organization committed […]
Category: Business
Business
Dangote Refinery Exports First Jet Fuel Cargo to Europe
Nigeria’s Dangote Refinery has achieved a significant milestone by exporting its first jet fuel cargo to Europe, marking a pivotal moment in the global energy […]
Government Vows to Boost and Aid Local Airline Industry with New Initiatives
The Federal Government has committed to providing increased support to local airline operators, aiming to create a more conducive environment for their operations. Minister of […]
Naira Strengthens by 9.68% at Official Window
On Monday, the naira appreciated to 1,339.33/$, gaining 9.68% over Friday’s rate of 1,482.81/$. FMDQ data revealed a significant decline in daily turnover, dropping to […]
Court Orders Interim Forfeiture of Funds and Properties Worth $4.7 Million Linked to Former CBN Governor Godwin Emefiele
A Federal High Court sitting at Ikoyi, Lagos has ordered the interim forfeiture of $4,719,054 USD, N830,875,611, and several properties linked to the embattled former […]
CBN’s New Guidelines for Bureaux De Change to Address Forex Crisis
In a bid to tackle the ongoing forex crisis, the Central Bank of Nigeria (CBN) has implemented stringent new guidelines for the operations of […]
Lagos State Attracts Over N50 Billion Investment in One Year
Lagos State has successfully attracted over N50 billion in investments through Foreign Direct Investment (FDI) and Domestic Direct Investment (DDD) in the past year, according […]
CBN Raises Interest Rates to 26.25% Amid Rising Inflation
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR) from 24.75 percent to 26.25 percent. This decision, announced […]
NNPC CEO Highlights Gas Sector’s Role in Revenue Generation
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), emphasized the pivotal role of the country’s gas sector […]
OPEC: Nigeria’s Oil Output Rises to 1.28 Million Barrels per Day in April 2024
The Organisation of Petroleum Exporting Countries (OPEC) disclosed that Nigeria’s oil output, excluding condensate, increased by 4 per cent to 1.28 million barrels per day […]