MTN Nigeria leads as equity market opens with N167bn gain
The Nigerian equity market opened the week on a positive note, extending gains from the previous session with a N167 billion profit for investors. Specifically, the market capitalisation, which opened…
Naira dips by 0.86% against dollar at official market
The Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the…
Mining: New rates unrealistic, no proper consultation made – Stakeholders
July 14, 2024 Stakeholders in the mining sector have decried the lack of proper consultation before new mining rates were announced by the Federal Government. The Minister of Solid Minerals…
FG approves $21m contract for metering 187 flow stations to curb oil theft
July 12, 2024 The Federal Government has approved a $21 million dollars contract for the construction of a metering system for 187 crude oil flow stations in the country to…
Shock as Euro’24 football fiesta slumps beer sales in German
Rather than spike beer consumption, Euro’24 has downed beer sales in Germany as major German brewery on Friday reported disappointing figures for the beer industry in June. An expected boom…
Oriental News 2024 Summit: Muda Yusuf To Speak On Nigeria’s Path To Green Economy
The Chief Executive Officer, CEO, of the Center For The Promotion of Private Enterprise, CPPE, Dr. Muda Yusuf would drive discussion on Nigeria’s policy direction to establishing pathway towards economic…
Stay calm, we’ll tame inflation, CBN governor, Cardoso, assures Nigerians
Central Bank of Nigeria (CBN) will do whatever is necessary to tame double-digit inflation but expects price pressures to moderate and interest rates to drop in the not-too-distant future, its…
Nigeria’s external reserves climb to $35bn in July – CBN
Data from the Central Bank of Nigeria, CBN, showed that Nigeria’s external reserves have reached $35.05bn as of July 8, 2024, the first time it has crossed the $35bn under…
NUPRC directs refiners to provide monthly price quote on crude Supply
July 11, 2024 The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has directed oil refiners in the country to provide monthly price quote on crude supply. The NUPRC directed producers and…
Nigeria reaches oil supply deal, ending dispute with producers
July 11, 2024 Nigeria’s oil regulator has struck a deal with producers to allow sales of crude to domestic refiners at market prices, ending a supply dispute that had strained…