The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), revealed yesterday that Nigeria’s crude oil reserves rose from the 36.96 billion barrels (bb) to 37.50bb within a year while the natural gas reserves also increased from...

The naira strengthened against major currencies on Monday the greenback saw an increased safe-haven demand, in the wake of an Iranian strike on Israel, putting it at more than five-month highs. Goldman Sachs projection...

Four of the tier-1 banks in the country, FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc and United Bank for Africa Plc have indicated plans to raise about over $3.03bn (N3.46tn) in fresh...

Foreign airlines operating from Lagos to London have continued to drop their fares since Air Peace commenced operations on the route. Airlines such as British Airways (BA), Virgin Atlantic, Qatar Airways, Ethiopian Airlines and...

The Central Bank of Nigeria (CBN) has sacked 50 more staff across 29 departments on Monday, adding to the list of ongoing disengagements in the apex bank. This brings the number to a total...

The cut in diesel price by the Dangote Refinery will reduce inflation, President of Dangote Group, Alhaji Aliko Dangote, said yesterday. He believes with the cost of diesel dropping to N1,200 from N1,650, the...

Geometric Power Limited, operators of the independent power plant in Osisioma area of Aba, the commercial hub of Abia State, says it has completed the synchronisation of its turbines to the national grid, which...

The verification of assets declared by state governors, their deputies, commissioners and other political office holders across the 36 states of the federation may soon become a source of worry as the Code of...

The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. It disclosed this in a circular titled “The use of...

The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to adjust and lower its applicable exchange rate below the N1,251/$ it pegged for its members. ABCON...