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Business and Economy

FG Anticipates $4 Billion Annual Revenue from Crude Oil & Gas Trading

The Federal Government is poised to secure $4 billion in annual revenue by trading approximately 50 million barrels of crude oil on Nigeria's commodities...

Bayelsa Calls for Strengthened Collaboration with NNPC/SNEPCo

The Bayelsa State government is seeking to enhance its partnership with the Nigerian National Petroleum Company Limited and Shell Nigeria Exploration and Production Company...

IMF Predicts Nigeria’s Economy to Drop to Fourth Largest in Africa

According to the International Monetary Fund's forecasts, Nigeria's economy, which held the position of Africa's largest in 2022, is projected to fall to fourth...

Oil Minister, Defence Partner To Curb Crude Oil Theft, Vandalism

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and Chief of Defense Staff (CDS), Gen Christopher Musa, met to enhance collaboration in combating...

Tinubu lauds Dangote’s diesel price cut, foresees economic relief

President Bola Tinubu praised Dangote Oil and Gas Limited for reducing the price of Automotive Gas Oil (diesel) from N1,650 to N1,000 per litre,...

CBN Recommits To Creating Enabling Environment For Economic Devt

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank's commitment to prioritizing its primary goal of ensuring price...

Ministry of Marine and Blue Economy Allocates N1.35 Billion for Vehicles and Travel in 2024

The Federal Ministry of Marine and Blue Economy plans to spend N1 billion on vehicle purchases in 2024, according to LEADERSHIP. The ministry will...

Wema Bank In Heavy Litigation Mess

Negative reports have continued to trail Moruf Oseni's led Wema Bank, one of which is its involvement in what is termed a heavy litigation...

Nigeria and Benin Republic Customs Enhance Collaboration for Trade Facilitation

The Nigeria Customs Service (NCS) and the Customs Administration of Benin Republic convened over the weekend to discuss strategies for boosting trade between the...

Naira gains 7.2% against dollar at official market

The Naira saw significant appreciation at the official market on Friday, trading at N1,142.38 to the dollar. This marks a gain of N88.23, or...

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