President Muhammadu Buhari has said Nigeria’s low share of Foreign Direct Investment (FDI) flow to Africa between 2015 and 2019 is a cause of concern. Buhari, who spoke at a

Shell Petroleum Development Company of Nigeria (SPDC), has finally agreed to pay compensation for oil spillages in the Ogoni community of Rivers State, to the tune of N45 billion (about

Air Peace is to commence scheduled commercial flights from Lagos and Port Harcourt to Douala, the capital of Cameroon, on August 19. The airline also announced that it is set

As a way of giving innovative African start-ups the opportunity to promote their fintech solutions, the pan-African banking group, Ecobank group, is inviting African Fintech entrepreneurs to join the 4th

Africa’s richest man, Aliko Dangote, has significantly moved up in the World billionaires’ list as his fortune increased to $17.8 billion as against last year’s $14.8 billion to emerge as

Governor of Nigeria’s Ekiti State, Dr. Kayode Fayemi, has disclosed that his administration had attracted over $100 million investment to the southwest state in the last three years to buoy

Edo State Governor, Mr. Godwin Obaseki, has reiterated the need for Nigeria to diversify its economy from crude oil, noting that the nation could earn as much as $20bn annually

As the use of modern technologies in agriculture is gradually gaining momentum across Africa, Nigeria is ready to collaborate with Vietnam on agriculture and technology. This effective partnership would enable

The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a critical national infrastructure to protect it from operational and cyber-security

The African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million dollars in Nigeria. This is in addition to the N75

The Lagos Marriott Hotel Ikeja has announced the appointment of Rudi Janse Van Rensburg as General Manager. Van Rensburg arrives with a vast wealth of 19 years’ experience in the

Nigeria’s federal government has commenced the implementation of the Central Bank of Nigeria’s (CBN) N250 billion intervention fund for the National Gas Expansion Programme (NGEP), which is expected to create

The Nigerian National Petroleum Corporation (NNPC) is assiduously working towards the payment of dividends to its shareholders, notably the federal, state and local governments, to satisfy one of the conditions

South Africa’s MTN Group has repatriated last year’s dividend of $280 million (R4.2 billion) from its local unit in Nigeria. The company reported the payout recently during the release of

As the Nigerian National Petroleum Corporation (NNPC) targets to acquire a 20 per cent stake, translating to 130,000 barrels per day (bpd) capacity from the brand new 650,000 bpd Dangote

As the global economy bounced back from the Covid-19 pandemic and commodity demand recovered, Maersk, the world’s largest container shipping firm, has reported a 60 percent increase in second-quarter earnings

CEOs of Nigerian-listed companies are among sub-Saharan Africa’s highest earners, a new report by Price Waterhouse Coopers (PwC) has indicated. The remuneration report published Thursday by the accounting firm said

Nigeria’s federal government has been advised to handover its refineries and other commercially viable projects to the private sector in order to reduce its debts and earn more revenue from

Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its N5.2 trillion 2021 Budget deficit, the federal government has appointed

The Central Bank if Nigeria (CBN) has barred the proposed Payments Service Holding Companies (PSHC) from borrowing from the Nigerian banking system for the purpose of capitalising itself or any