Business

UK-Nigeria trade hits £8.1bn as Tinubu embarks on historic State visit

UK-Nigeria trade hits £8.1bn as Tinubu embarks on historic State visit

Bilateral trade between the United Kingdom and Nigeria has soared to a record £8.1 billion annually, underscoring a rapidly expanding…
Togo seeks increased electricity imports from Nigeria

Togo seeks increased electricity imports from Nigeria

The Republic of Togo has expressed a strong interest in boosting the volume of electricity it currently imports from Nigeria,…
Oil prices surge amid Middle East tensions

Oil prices surge amid Middle East tensions

Crude oil prices jumped again on Tuesday as tensions in the Middle East escalated and countries resisted former Donald Trump’s…
CBN tightens BVN rules to combat fraud

CBN tightens BVN rules to combat fraud

  The Central Bank of Nigeria has introduced stricter rules for Bank Verification Number (BVN) enrolment and data access to…
Shell resumes production at Bonga FPSO after successful turnaround maintenance

Shell resumes production at Bonga FPSO after successful turnaround maintenance

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has successfully completed turnaround maintenance (TAM) on the Bonga Floating Production, Storage,…
No turning back on cashless policy, says aviation minister Keyamo

No turning back on cashless policy, says aviation minister Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, has reiterated that the Federal Airport Authority of Nigeria’s (FAAN) cashless payment…
Dangote Refinery hikes petrol prices amid global oil surge

Dangote Refinery hikes petrol prices amid global oil surge

In a move that has sent ripples through the nation’s petroleum market, Dangote Refinery has raised the ex-depot price of…
Tinubu constitutes task force to drive petroleum sector reforms

Tinubu constitutes task force to drive petroleum sector reforms

President Bola Tinubu has approved the formation of a high-level task force to coordinate the next phase of reforms in…
CBN moves against large loan defaulters

CBN moves against large loan defaulters

The Central Bank of Nigeria has directed commercial banks and other financial institutions across the country to limit certain banking…
Nigeria oil output declines, petrol prices fall

Nigeria oil output declines, petrol prices fall

Nigeria’s crude oil production slipped to 1.31 million barrels per day (bpd) in February, marking a notable decline from 1.45…
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