The stock market arm of the Nigerian Exchange Limited (NGX) in July 2022 fell by N772 billion to N27.163 trillion as investors moved their assets to the fixed income markets

The 11 electricity Distribution Companies (Discos) in Nigeria on Sunday accused the federal government of surreptitiously moving to renationalise their assets years after the facilities were privatised. In a statement

There are indications that Nigerian carriers may reduce their workforce as they struggle to sustain their operations in the face of high cost of aviation fuel, which is currently about

The project is to provide power in three phases of 7,000MW, 11,000MW and 25,000MW between now and 2025.

The airline said it would be forced to reduce flights from Dubai to Lagos from 11 times per week to seven times per week.

Ma’s retreat comes after Beijing derailed Ant’s blockbuster IPO almost two years ago, and demanded the group restructure.

It has been slated to start in Warri, Nigeria, and to end in Hassi R’Mel, Algeria, where it would connect to existing pipelines that run to Europe.

The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, sending the bill to the

The group is among oil and gas majors benefiting from rising commodities prices as the war in Ukraine exacerbates an energy crisis in Europe.

Shell is the first of the so-called supermajors to report its half-year results, with ExxonMobil, Chevron and BP also expected to reveal bumper earnings in the coming days.

To end a property downturn that played a big role in bringing year-on-year growth down to just 0.4 percent in the second quarter, the Bank will issue Rmb200bn of low-interest loans.

This is against the backdrop of unbridled borrowing and rising debt service cost which exceeded revenue by as much as N310 billion in Q1 2022.

The amount reduced significantly between June and July but no explanation was given for the huge drop.

Profits in June grew 0.8% from a year earlier, rebounding from a 6.5% decline in May.

“The Chinese are (the ones) benefitting from the operations of Air Peace because Nigerians are having difficulty obtaining visas,” he said. 

The SEC’s scrutiny has increased ever since the crypto trading platform expanded the number of tokens in which it offers trading,

The increases are steeper than the 17 percent jump in the Prime membership price that came into effect for new US subscribers in February.

This, after the Chinese tech giant said it will apply for a dual primary listing in Hong Kong, before paring some gains.