Business

Naira Records Gain In Parallel Market After Days Of Depreciation Against Dollar

On Thursday, the Naira appreciated in the parallel market to N1,600 per dollar, up from N1,615 per dollar on Wednesday. Conversely, the Naira depreciated in...

BREAKING: Oando PLC Completes Acquisition Of Nigerian Agip Oil Company For $783 Million

Oando PLC has finalized its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni, with the total transaction valued at...

Trouble As Kerosene Price Hits N2,400 Per Litre

In July 2024, consumers in Akwa Ibom, Oyo, and Delta states paid the highest average prices for household kerosene per litre, at N2,383.33, N2,375.00,...

TUC President Gives Disturbing Update On Why Fuel Scarcity Will Keep Resurfacing For Long

Festus Osifo, President of the Trade Union Congress (TUC), has attributed the ongoing fuel scarcity in Nigeria to distribution challenges. He stated that the shortages...

Reason Why Chinese Firm Put 2 Seized Nigerian Liverpool Properties For Sale On eBay

A Chinese investment group, seeking to claim up to $70 million in arbitration awards from Nigeria, has decided to list two residential properties seized...

NERC Transfers Electricity Regulations To Edo

The Nigerian Electricity Regulatory Commission (NERC) has announced an order to transfer the regulatory oversight of the electricity market in Edo State to the...
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