NLNG expands VIBES programme, inducts new beneficiaries
NLNG’s economic empowerment initiative, the Vocational Innovation Business and Empowerment Scheme (VIBES), has inducted a new cohort of 103 trainees into its 2026 empowerment programme. The induction ceremony, held…
Nigeria market drives MTN to $2.81bn profit in 2025 after loss in previous year
Africa’s biggest telecoms operator MTN Group (MTNJ.J), said on Monday it swung to an annual profit before tax of 47.4 billion rand ($2.81 billion), driven by strong performances in MTN…
Nova Bank meets CBN capital requirements, appoints Jude Anele as MD/CEO
NOVA Bank Limited has announced the appointment of Jude Anele as its Managing Director and Chief Executive Officer, following the approval of the Central Bank of Nigeria. The appointment…
PETROAN Urges Reinvestment of Oil Windfall into Gas Infrastructure to Lower Transport Costs
…To Partner with P-CNGI to Expand Gas Stations Nationwide The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says proceeds from the current gains in the oil sector, could…
Ojulari, NNPC and self-audit, by Ken Ugbechie
Until you summon the courage to lose sight of the shore, you can never cross the ocean. That was one of the nuggets of leadership from Christopher Columbus, the Italian…
Africa policymakers warn Iran oil shock will hit key sectors, halt monetary easing
African officials have warned that the sharp rise in oil prices due to the conflict in Iran will challenge monetary policymaking and could hit productivity in key sectors like mining,…
Africa-bound India-flagged fuel tanker sets sail from east of Hormuz, Indian official says
The Indian-flagged oil tanker, Jag Prakash, which is carrying gasoline from Oman to Africa, has set sail from east of the Strait of Hormuz, an Indian government official said on…
FX market reforms raise capital inflows by 200% – Cardoso
Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN), says reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence and stabilised the Naira. Cardoso said…
Tomato farmers predict gradual price hike post Ramadan
The National Tomato Growers, Processors, and Marketers Association of Nigeria (NATPAN) has predicted the steady increase in the price of the produce post-Ramadan. The NATPAN Kaduna State Chairman, Mr. Rabiu…
CBN and interest rate dynamics, by Arize Nwobu
Interest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy. Other major macroeconomic variables are, exchange…