Naira Rises by 19% as Forex Market Pressures Ease
Naira Rises by 19% as Forex Market Pressures Ease The Nigerian naira has continued to reclaim lost value in the foreign exchange (forex) market, settling at about N875 per United…
Equities Market Cap Jumps by N313bn to N45.20Trn
Equities Market Cap Jumps by N313bn to N45.20Trn Equities market capitalisation inched higher by more than N313 billion on Thursday to N45.2 trillion after large daily gains recorded by investors…
Egyptian Pound Hits Bottom Amidst FX Pressure
Egyptian Pound Hits Bottom Amidst FX Pressure The Egyptian pound remained at historically low levels, trading around 30.9 per dollar, amidst growing speculation of potential further devaluation, a move that…
Nigerian Farmers Cannot Meet Local Rice Demands–Traders
Nigerian Farmers Cannot Meet Local Rice Demands–Traders Some rice traders in Lagos have lamented the inability of local rice farmers to meet the growing demand of the produce. The traders…
Alleged $6bn Fraud: Court Admits Ex-minister Olu Aguloye to N50m Bail
Alleged $6bn Fraud: Court Admits Ex-minister Olu Aguloye to N50m Bail Justice Jude Onwuegbuzie of a Federal Capital Territory High Court on Thursday admitted former Minister of Power and Steel,…
Forum Decries Alleged N585m Scandal at Ministry of Humanitarian Affairs
Forum Decries Alleged N585m Scandal at Ministry of Humanitarian Affairs The National Youth Leaders Forum of Political Parties in Nigeria (NYLFPPN) has decried the alleged N585 million scandal in the…
Chevron Nigeria Names Jim Swartz Managing Director
Chevron Nigeria Names Jim Swartz Managing Director Chevron Nigeria Limited has appointed Jim Swartz as the new Chairman and Managing Director. In a statement by the firm’s General Manager, Policy,…
FG, Saudi Arabia Collaborate to Develop Mining Sector
FG, Saudi Arabia Collaborate to Develop Mining Sector The Federal Government of Nigeria and the Kingdom of Saudi Arabia would be collaborating to enhance the development of solid minerals in…
FG to Spend N450bn on Electricity Interventions, Subsidies in 2024
FG to Spend N450bn on Electricity Interventions, Subsidies in 2024 The Nigerian Government is planning to spend N450 billion on power subsidies and interventions in the year 2024. This is…
SAHCO Renews British Airways Ground Handling Contract for 5 years
SAHCO Renews British Airways Ground Handling Contract for 5 years Skyway Aviation Handling Company (SAHCO) Plc has renewed their ground handling contract to continue to provide aviation ground handling services…