Industry

Despite global and domestic uncertainties, the Nigerian equities market started 2025 on a positive note, recording a N1.95 trillion gain as investors traded with caution. The market capitalisation, which opened the year at N62.763…
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Electricity Unions and Civil Society Demand Senate Hearing on Power Sector’s Performance Since 2013 A coalition of electricity unions and civil society organizations has called on the Nigerian Senate to urgently convene a public…
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Investors in the Nigerian capital market lost N284 billion at the close of trading on Tuesday. This followed the dip in the share prices of stocks like MRS, RED STAR EXPRESS, and LEARN AFRCA amongst others on the trading floor. …
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday awarded 10 Gas Distribution Licences (GDLs) to six companies to deepen gas utilisation and expansion in the country. The News Agency of Nigeria…
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The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast in controlling inflation. Nigeria’s inflation rate increased to 34.8 per cent in December, up from 33.6 per…
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Oil prices rebounded on Tuesday from multi-week lows as disruption to Libyan oil loading operations offset fears of weaker demand linked to soft economic data from China and rising temperatures elsewhere. Brent crude oil futures…
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...Keeps soaring, amidst severe economic challenges Nigeria’s inflation rate has surged to 22.04%, the highest in over 17 years, leaving many citizens grappling with rising costs of goods and services. From food items to other…
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President Bola Ahmed Tinubu has appointed Barrister Yusuf Hamisu Abubakar as the Chairman of the Nigerian Maritime Administration and Safety Agency (NIMASA). This decision reflects the president’s commitment to revitalising…
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Former Presidents Olusegun Obasanjo and Muhammadu Buhari have told the International Chamber of Commerce Court of Arbitration in Paris, France that the Federal Government at no time awarded a contract in respect of the $6 billion…
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Olu Verheijen Nigeria’s energy sector saw a significant boost in 2024, with investments totaling $6.7 billion, according to Olu Verheijen, Special Adviser to the President on Energy. Verheijen revealed this in a report titled…
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