The Federal Government has announced that the Presidential Compressed Natural Gas (CNG) initiative has attracted $175 million in private sector investments towards critical infrastructure over the past year. This update…
The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Moji Adeyeye, has debunked rumors suggesting that the agency has warned Nigerians against consuming bread.…
Ngozi Okonjo-Iweala, Director General of the World Trade Organization (WTO), has emphasized the importance of policy consistency in Nigeria, irrespective of changes in administration. Speaking at the Eko Hotel &…
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.…