Justice Rita Ofili-Ajumogobia of the Federal High Court in Abuja has nullified the power of the…
Category: Business/Economy
CBN pays $2bn to clear FX liabilities of 14 banks
*Vows to sanction defaulters The Central Bank of Nigeria (CBN) says it paid approximately $2 billion…
Apple overtakes Samsung as world’s biggest phone maker
Apple now has the lion’s share of the global smartphone market, knocking Samsung off the top…
Again, Naira slumps against US Dollar at forex market
The Naira, on Wednesday, depreciated significantly for a second consecutive time against the US Dollar in…
Oil theft: NNPC uncovers fresh 83 illegal refineries
The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it uncovered no fewer than 83…
Naira reverses gain, drops to N878.57/$1 at official market
The Naira reversed the gain recorded the previous day against the dollar to slump against the…
NGX: Investors reap N1.82tr as market index rises by 3.9%
Investors in the Nigerian equities market pocketed N1.82 trillion at the close of trading on Tuesday.…
Consortium of Nigerian oil firm shells out $2.4bn to acquire SPDC’s onshore business
* ND Western leads the pack In a major deal that will alter the landscape of…
Shell confirms plan to sell Nigerian onshore oil business
Shell has confirmed the decision to sell its Nigerian onshore subsidiary – the Shell Petroleum Development…
Hope rises for 2024 budget as Bonny Light crude hits $79 per barrel
There is hope that Nigeria’s 2024 budget will be successfully implemented as the price of Bonny Light…