Nigeria’s oil output falls for first time in five months
Crude oil production in Nigeria declined in February for the first time in five months, new official data shows. Africa’s
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Seplat CEO Roger Brown buys company shares worth N17bn
Roger Brown, chief executive officer of Seplat Energy, has bought shares of the company worth N17 billion. The company announced
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Flutterwave gets Ghana’s nod for inward remittance services
Flutterwave, an African payments technology company, has secured the approval of the Bank of Ghana to provide inward remittance services
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NNPC says talks underway for new naira-priced oil contract with Dangote refinery
The Nigerian National Petroleum Company has said discussions are ongoing towards a new contract for the supply of crude oil
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Savannah Energy takes over Sinopec’s Nigerian unit SIPEC in $37m deal
Savannah Energy Plc has announced the completion of the acquisition of the 100 percent of the outstanding share capital of
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Nigeria’s trade surplus soars to record N16.9trn under Tinubu
Nigeria’s trade surplus surged to the highest on record under President Bola Tinubu as exports grew at a faster pace
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Manufacturers kick against FRCN’s charges imposed on private firms
The Manufacturers Association of Nigeria (MAN) has expressed concerns over the implementation of certain provisions of the Financial Reporting Council
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Transcorp’s profit nearly triples to N94bn, dividend rises
Transnational Corporation Plc, chaired by tycoon Tony Elumelu, posted a profit after tax of N94.09 billion last year, up from
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Three firms get licences to build oil refineries in Abia, Delta, Edo
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has given licences to three companies to build refineries in Edo, Delta
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Naira faces pressure as forex reserves lose $2.57bn in two months
Nigeria’s foreign exchange reserves have extended their decline to the lowest point in more than five months, putting the naira
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