OPEC+ is working to keep prices around $70 per barrel, Reuters has reported, citing Iraq’s oil minister, Ihsan Abdul Jabbar Ismail. The…
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The United Nations Economic Commission for Africa (UNECA) has said the ongoing West Africa Business Forum is to support women and youth…
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Attorney General and Minister of Justice Abubakar Malami has said that the Federal Inland Revenue Service (FIRS) will continue to collect Value…
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At the penultimate session of the week, gains in GTCO (+1.3%), OANDO (+3.7%), and UBA (+0.7%) pulled the local bourse out of the red-zone as the…
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Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh has been named winner of the 2020 Zik Prize…
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EconomyFinanceNews
Senate passes N13.98trn 2022 deficit Budget, retains revenue of N8.36 trillion, oil benchmark at $57 per barrel, exchange rate at N410.15/$
Senate has passed the 2022-2024 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP. with the approval of deficit Expenditure of…
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The Nigerian Maritime Administration and Safety Agency (NIMASA) has said the country is taking proactive steps to address its exposure to the…
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Chinese Ambassador to Nigeria Mr Cui Jianchin, says he is in talks with Chinese owned Banks to establish operations in Nigeria. This,…
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Today, sell-offs in financial services stocks – ACCESS (-3.4%), UCAP (-5.0%), and UBA (-0.6%) – further dragged the market as the All-Share Index slid 5bps to close at…
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President Muhammadu Buhari has ordered the use and deployment of technology to tax all digital transactions carried out across Nigeria in a…
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BusinessEconomyNews
NAFDAC to tackle use of Azo-dyes in Palm Oil, `Sniper’ as food preservative, others
The National Agency for Food And Drug Administration and Control (NAFDAC) says measures are in place to sensitise Nigerians on some major…
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The Federal Government has said that it would facilitate the promotion of industrial digital economy, sustainable and inclusive economic development in Nigeria…
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Jonathan Zarembok, a former BP West Africa oil trader claims that he was fired by the company for raising concerns over a…
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NewsOil and Gas
Buhari seeks senate confirmation of board of upstream regulatory commission, petroleum regulatory authority
President Muhammadu Buhari has written the Senate, seeking for the screening and subsequent confirmation of members of the Board of the Nigerian Midstream…
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FinanceNewsStock Market
Investors lost N17bn at stock market as improved sentiment fails to lift performance
At the close of trade, sell-offs in Banking stocks – ZENITH (-2.3%), GTCO (-0.7%), and ACCESS (-1.1%) – dragged the benchmark index southward as the NGX…