The Central Bank of Nigeria (CBN) on Sunday revealed that the importation of wheat costs the country about $2 billion annually, thereby exerting pressure on the country’s food import bill.
Aiteo Eastern Exploration and Production Company Limited has instituted a legal action against Shell Petroleum Development Company of Nigeria, seeking the sum of over $2.5 billion compensation over the sales
Positive clinical trial results for Merck & Co’s experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of vaccine
Globacom, the second-largest telecoms operator in Nigeria by subscriber number and market share, has signed a deal with Eutelsat of France for satellite deployment in the Nigerian market. The business
As the world moves to tackle climate change, the International Oil Companies (IOCs), which insist on ramping up production of fossil fuels in Africa may face the risk of regulatory
Positive clinical trial results for Merck & Co’s experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of
Oil output of members of the Organisation of Petroleum Exporting Countries (OPEC) rose in September to its highest since April 2020, as Nigeria’s production also recovered from involuntary losses.
[bc_video video_id=”6275095035001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] The former Emir of Kano, Muhammadu Sanusi II, yesterday identified corruption, poor leadership and wrong-headed
Member, Presidential Economic Advisory Council, Bismarck Rewane, analyses President Buhari’s Independence Day address on the economy… [bc_video video_id=”6275130630001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%”
About 5.3 million passengers travelled through Nigerian airports in the first half of 2021 as against 4.9 million recorded in the first half of 2020. The figure which represented
Venezuela is set to debut a new currency that will feature six fewer zeros, a response to years of some world’s worst inflation. The highest denomination of the Venezuelan bolivar
[bc_video video_id=”6275052572001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] After eight years of planning and billions of dollars in spending, the Middle East’s first
[bc_video video_id=”6275047807001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ] Leading global luxury brand Montblanc, in partnership with Polo luxury group, have opened a
The Federal High Court, Abuja on Thursday okayed the take-off of the Central Bank of Nigeria Digital Currency (CBDC) also known as the eNaira. This emerged just as a civil
The Organisation of Petroleum Exporting Countries (OPEC) lost over $240 billion last year, following the collapse in demand and prices due to the Covid-19 pandemic, the cartel’s Annual Statistical Bulletin
Nigeria’s Court of Appeal in Abuja on Thursday joined Lagos State as a respondent in the appeal challenging the judgment of a Federal High Court which faulted the federal government’s
China Evergrande Group missed paying bond interest due on Wednesday, two bondholders said, its second unpaid offshore debt payment in a week, although the cash-strapped company is scrambling to meet
In a revolutionary move bound to change Africa’s media landscape, Nigeria’s mosf-authoritative newspaper THISDAY will be available to potentially 75 million Nigerian subscribers on the MTN network. THISDAY is now
Nearly 600 United Airlines employees face being fired after failing to comply with the firm’s Covid-19 vaccination policy. The vast majority of its 67,000 US staff have supplied proof of
The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday projected a growing global oil demand from mid-2030s to 108 million barrels per day (bpd), after which it might begin to
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