Shell, partners poised to boost skills for Nigerian oil sector
Shell Petroleum Development Company (SPDC) and its joint venture partners have built and handed over a Centre of Excellence in
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FX forwards contracts rise as naira falls further
With no end in sight to the depreciation of the naira against the dollar, there was an increase in foreign
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‘Dangote refinery likely to start producing in late 2024’
Nigeria’s Dangote oil refinery is likely to come on line from late 2024 at the earliest, London-based Capital Economics has
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Courteville exits Nigerian stock exchange 14 years after listing
Courteville Business Solutions Plc has exited the Nigerian Exchange Limited (NGX) as its shares were delisted on Friday. The NGX
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Afreximbank poised to set up $1bn fund for African film industry
The African Export-Import Bank (Afreximbank) is working on the establishment of a $1-billion African Film Fund to be launched in
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Naira hits fresh record low against dollar
The Nigerian currency extended its decline on Thursday on the official market, closing a new record low of N996.75 to
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Pat Utomi raises concern over spate of Africa summits abroad
A former presidential candidate in Nigeria and founder of Centre for Values in Leadership, Prof. Pat Utomi, has raised concern
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Naira crosses 1,000/$ on official market for first time
The Nigerian currency weakened to as low as N1,097.50 per dollar on Wednesday on the official foreign exchange market, data
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Mecure Industries set to list on Nigerian stock market
Mecure Industries Limited, a leading human pharmaceuticals and nutraceuticals manufacturing company,, will list 4 billion ordinary shares on Nigerian Exchange
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Naira plunges as FX market liquidity drops
The naira weakened at a faster pace against the dollar this week on the official market as liquidity declined. The
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