Exodus of multinationals from Nigeria is a worrying trend: CIoD
By Bamidele Alimi Introduction Over the past decade, Nigeria has seen a significant exodus of multinational companies (MNC). These exits have raised
Read more
TOP STORIES
Dangote’s dirty fuel import allegation inaccurate, say depot owners
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has refuted the allegation by Dangote Industries Limited that the
Read more
TotalEnergies, NNPC sanction new project for gas supply to NLNG
TotalEnergies and the Nigerian National Petroleum Company Ltd have taken the final investment decision for the development of the Ubeta
Read more
Annual FDI flows to Africa extend decline to $53bn
Foreign direct investment (FDI) flows to Africa fell by 3% to $53 billion in 2023, the latest World Investment Report released
Read more
Nigeria’s inflation nears 34% despite fall in monthly food price growth
Nigeria saw its inflation rate rise to 33.95 percent in May from 33.69 percent in the previous month, new data
Read more
Nigeria’s inflation crisis will be prolonged: Capital Economics
The inflation rate in Nigeria that is at its highest in nearly 30 years will stay elevated for long, analysts
Read more
Nigeria’s mining law, fiscal incentives need rejig, says KPMG
There is an urgent need to revise the Nigerian Minerals and Mining Act (NMMA) and harmonise the fiscal incentives in
Read more
Nigeria’s May inflation seen defying CBN rate hike
The inflation rate for last month is expected to be higher than 33.69 percent despite the further increase in the
Read more
Caverton Offshore Support Group posts wider annual loss
Caverton Offshore Support Group saw its after-tax loss more than double in 2023 compared to the previous year despite an
Read more
Seplat Energy eyes ‘swift completion’ of ExxonMobil subsidiary acquisition
With the removal of the legal hurdle that caused a tw0-year delay, Seplat Energy is expecting a swift completion of
Read more