Shareholders of the United Bank for Africa (UBA) Plc, on Thursday approved a total sum of N27.35 billion as dividend payout for the 2021 financial year. This translated to a

Shell has announced that it will write off between $4 and $5 billion in the value of its assets after pulling out of Russia following the country’s unprecedented invasion of

As oil-producing companies in the country and even Nigeria continue to lose out on the rising international price of the crude, Wood McKenzie, a global mining and consultancy research group,

Shareholders of Zenith Bank Plc have unanimously approved the bank’s proposed final dividend, expressing delight at the final dividend payment of N2.80 per share which brings the total payout for

Following the implementation of a federal government order directing telecommunication companies (telcos) to bar unlinked Subscriber Identification Modules (SIMs) from making outgoing calls, some affected Nigerians have taken to social

The vast majority of central banks in the world are considering launching a central bank digital currency (CBDC), according to analysts at professional services and accounting firm, PwC. In the

Twitter on Tuesday announced that it has been working on an edit feature “since last year,” with testing on the edit button set to begin “in the coming months” with

Shell Nigeria, Chevron and the Nigerian National Petroleum Company (NNPC) Limited are hindering full operation of the Nigeria Liquefied Natural Gas (NLNG) project by not allowing third parties transit gas

Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging

Nigeria’s federal government is hoping to add 800,000 barrels to Nigeria’s daily oil production from some important upstream projects being executed by Shell, TotalEnergies, and other oil companies, which had

The management of Emirates Airlines has made an offer to partner with the Nigerian government in its quest to establish a national carrier. Speaking recently during a panel session moderated

Nigeria’s Minister of State, Petroleum Resources, Mr Timipre Sylva, has said that despite the global opposition to the exploitation of hydrocarbons, the country will not jettison her God-given resources. Speaking

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Saturday said the Bankers’ Committee’s efforts to renovate and emplace a modern National Arts Theatre were yielding fruits

The amount of gas flowing into Europe from Russia hit its highest level in four months on Friday, despite threats from the Kremlin to halt all supplies to “unfriendly” countries,

President Muhammadu Buhari, on Thursday commended the board and management of the Bank of Industry (BoI) for contributing to the growth and industrialisation of Nigeria. Buhari made the commendation when

The market capitalisation of the Nigerian Exchange Limited (NGX) gained N3.02 trillion in the first quarter (Q1) of 2022, notwithstanding the growing insecurity concerns in the country. The market performance

The Airline Operators of Nigeria (AON) has threatened to sue the federal government over its policy of allowing foreign airlines to access multiple airports in the country. The operators insisted

The Organisation of Petroleum Exporting Countries (OPEC) again resolved on Thursday to stick to its strategy of gradually reopening its oil taps, agreeing to raise output targets by a measured

Nigeria’s federal government has ruled out the possibility of completing the 43-year old Ajaokuta Steel Rolling Mill in Kogi state this year, saying its initial resolve to resume the construction

Edo State Governor, Mr. Godwin Obaseki, has said his administration remains committed to the realisation of the Benin River Port project considering its economic benefits to the state and country.