President Bola Tinubu has taken action to settle the outstanding electricity bill for Aso Rock, Nigeria’s seat of power, to prevent disconnection by the Abuja Electricity Distribution Company (AEDC). A …
The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil …
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday. This followed the delivery …
Toshiba (6502.T) was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan’s biggest brands and ushered …
For investors who braved their ‘bonds are back’ call in a turbulent year, euro zone debt was the big winner and a souring economy with tighter purse strings mean its …
The Central Bank of Nigeria (CBN) has suspended charges on cash deposits about N500,000 till April 30, 2024. The CBN made this known in a statement on Monday signed by …
Billionaire businessman Femi Otedola has described the Dangote refinery as the “eighth wonder of the world” and said it will protect Nigeria’s energy security. In a post on X (formerly …
The head of the OPEC oil cartel said Saturday there was no “single solution” to the energy transition as pressure grows to agree a phase-out of fossil fuels at the …
Bosun Tijani, Minister of Communications, Innovations and Digital Economy, said about $2 billion is needed to install fiber optic cables in Nigeria. The minister, who appeared as a guest on …
Activity in Britain’s services sector grew in November after three months of declines, a survey showed on Tuesday, but companies reported an uptick in prices charged, a potential concern for …
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