Business

Oil prices remained stable on Thursday after a four-day decline, supported by a drop in US fuel inventories. Brent crude futures rose by 31 cents, or 0.41%, to $76.36 per …

Oando Plc has completed the acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni for $783 million. The deal, finalized on Thursday, significantly strengthens Oando’s position …

Fidelity Bank has rejected the allegations made by the Nigerian Data Protection Commission (NDPC) regarding a data breach, which led to the imposition of a N555.8 million fine. The bank, …

The Federal Reserve decided to keep interest rates unchanged on Wednesday but signaled the possibility of lowering borrowing costs as soon as its next meeting in September, given that inflation …

On Monday, the Minister of State Petroleum Resources, Heineken Lokpobiri, held a crucial meeting with Aliko Dangote, Chairman and CEO of Dangote Group, to address ongoing issues surrounding the Dangote …

The billionaire founder of South Korean internet conglomerate Kakao, Kim Beom-su, was arrested early Tuesday by a Seoul court, accused of manipulating stock prices during the acquisition of K-pop powerhouse …

Peter Obi, the former presidential candidate of the Labour Party, has urged the Nigerian government to fully support the Dangote Refinery amid ongoing conflicts between Dangote Industries and government agencies. …

Africa’s richest man, Aliko Dangote, has refuted claims that petroleum products from his refinery are substandard. He addressed these allegations on Saturday during a visit from the House of Representatives …

The Central Bank of Nigeria (CBN) has mandated that all banks and financial institutions transfer dormant accounts, unclaimed balances, and other financial assets to a dedicated account established for this …

The Central Bank of Nigeria (CBN) has projected a slight reduction in Nigeria’s external reserves in 2024. This forecast is detailed in the recently released maiden edition of its ‘Macroeconomic …