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OIL & GAS
Nigeria’s Oil Production Drops Again, Now 1.23mbpd – OPEC
Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to…
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ASSETS & FINANCIALS
Fresh Borrowings May Push Nigeria’s Debt To N111tn
The Federal Government’s total debt stock may experience a significant increase from N87.3tn (as of December 2023) to N111.4tn, following…
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NEWS LENS
‘Poor Legal Framework Bane Of Port Reforms’
Lucky Amiwero, President of National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), and the Managing Director, Eyis Resources…
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NEWS LENS
Lagos-Calabar Coastal Highway Costs N4bn Per Kilometre – Umahi
David Umahi The Minister of Works, David Umahi, has said the government is constructing the Lagos-Calabar coastal highway at a…
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OIL & GAS
FG May Get $1bn Afreximbank Loan In May
Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month.…
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OIL & GAS
Reps Pledge To Address Electricity Tariff Hike
The House of Representatives will intervene in the recent increase in electricity tariffs by the Nigerian Electricity Regulatory Commission upon…
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ASSETS & FINANCIALS
EFCC Probes 50 Accounts Linked To Humanitarian Ministry
The Economic and Financial Crimes Commission is probing 50 bank accounts as it recovered N30bn in the alleged scandals in…
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ASSETS & FINANCIALS
Banks Get Three-Month Deadline To Stop Forex-Backed Loans
The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with…
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NEWS LENS
FG Plans Three National ID Cards For 104m Nigerians June
The Federal Government is to launch three new national identity cards in May this year and has a target of…
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SPORTAINMENT
Comedian AY, Wife Separate After 20 Years
Popular Nigerian comedian, Ayo Makun, popularly known as AY, and his wife, Mabel, have separated after 20 years of “friendship/marriage”.…
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NEWS LENS
Nigeria, Spain To Deepen Cooperation On Maritime Security
The Spanish Ambassador to Nigeria,Ambassador Juan Ignacio Sell has declared that the Spanish Government is desirous to deepen cooperation with Nigeria through…
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I CARE INTERVIEW
Why Seme-Border Can’t Take Vehicles, Rice Import Now-Compt. Bomodi
Compt. Timi Bomodi Seme and Idiroko borders have been a subject of international politics and economic diplomacy in the hands…
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OIL & GAS
Electricity Tariff: Step-By-Step Guide On How To Know Your Feeder Band
The Nigerian Electricity Regulatory Commission on Wednesday approved an increase in electricity tariffs for customers under the Band A classification. The…
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ASSETS & FINANCIALS
FX Crisis: FG To Issue Domestic Dollar Bonds June
The Federal Government has announced plans to initiate the issuance of domestic bonds denominated in foreign currency in the second…
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ASSETS & FINANCIALS
Investors Lose N252bn On Bearish Equity Trading
Stock investors lost N252bn as the Nigerian Exchange sustained its bearish trading on Thursday. The market lost about N467bn between…
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NEWS LENS
AfDB, Indorama Seal Deal To Boost Fertiliser Production
The African Development Bank has signed a $75m loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank…
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NEWS LENS
Lekki Port Handles 100, 000 Containers In One Year – LFTZ
Lekki Port The Lekki Deep Seaport LFTZ Enterprises Limited has disclosed that the port received 75 vessels, including the first…
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NEWS LENS
Freight Forwarders Reject New Haulage Rates For Eastern Ports
Clearing agents under the Africa Association of Professional Freight Forwarders and Logistics of Nigeria have rejected the new haulage rates…
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ASSETS & FINANCIALS
Steady Dollar Supply Pushes Naira To 1,262/$
The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and…
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NEWS LENS
Air Peace Raises Lagos-London Route Capacity Over Rising Demand
Air Peace, a Nigerian airline, has announced an increase in capacity for its Lagos-London route in response to surging demands.…
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