BUSINESS

About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday.It disclosed this during a […]

The Japanese Ambassador to Nigeria, His Excellency Mr. Matsunaga Kazuyoshi, has hailed Sacral Industries Limited for taking the bold decision to set up a factory… The Japanese Ambassador to Nigeria, His Excellency Mr. Matsunaga Kazuyoshi, […]

The world’s leading music company, Universal Music Group, said it has acquired the majority stake in a leading Nigerian record label, Mavin Global.The company in a statement on Monday, noted that the deal is, however, […]

The Federal Mortgage Bank of Nigeria has initiated a rehabilitation process to revive about 46 abandoned housing projects nationwide.The bank said this would be achieved through a partnership with Shelter Afrique Development Bank, a pan-African […]

In the tumultuous Balkans, even matters of currency are transformed into instruments of political dispute. Which side will come on top in the current standoff between the euro and the Serbian dinar in Kosovo? As […]

The Federal Government is expecting 1,268 megawatts of power from the concession and development of eight brown and green field hydropower projects constructed through public private partnerships.It was gathered that three of the power projects were […]

The Central Bank of Nigeria, CBN has excluded governments, commercial banks, merchant banks, Other Financial Institutions, OFIs , public officers among other parties from owning Bureau De Change (BDCs) directly or indirectly. CBN disclosed this […]

As part of efforts to stabilise the value of the naira exchange rate, the Central Bank of Nigeria (CBN) yesterday, issued draft revised regulatory and supervisory guidelines for Bureau de Change (BDC) Operations in the […]

The African Export-Import Bank (Afreximbank) has announced plans to launch its currency trading platform in a bid to bridge the Intra-African trade financing gap estimated at over $50 billion annually. The President and Chairman of […]

Anew United Nations Conference on Trade and Development( UNCTAD) report shows Foreign direct investment (FDI) flows to theGlobal South dropped to $841 billion in a global context of weak investment and economic uncertainty. FDI is an important […]