The Naira yesterday depreciated in the parallel market to N1,505 per dollar from N1,495 per dollar last weekend. Similarly, the Naira depreciated to N1,490.2 per dollar in the Nigerian Autonomous Foreign Exchange... Read more »
The Managing Director, ExxonMobil Nigeria, Shane Harris, has declared that the oil major is not leaving Nigeria as claimed in some quarters, particularly after the oil firm’s proposed divestment of a 100... Read more »
The Management of Euc Homes Ltd has announced it’s summer promo with the end of the Salah promo few days ago. We take this opportunity to appreciate all those that patronized us... Read more »
Are you searching for a reliable and trustworthy partner to help you find your perfect property? Look no further than CDV Properties and Development Limited, one of Nigeria’s leading real estate firms.... Read more »
Commercial crude oil production started in Nigeria in 1956 but local crude oil refining did not start until 1965 when the first crude oil refinery was commissioned. The first set of refineries... Read more »
The Federal Government, on Tuesday, announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria. Recall that some deep offshore blocks were recently put... Read more »
Multichoice succumbs, readjusts subscription for DStv and GOtv. The revised prices are:DStv Premium package: N29,500 (down from N37,000)DStv Compact+ package: N19,800 (down from N25,000)DStv Compact Bouquet: N12,500 (down from N15,700)DStv Confam package:... Read more »
In the First Quarter 2024 Q1, Nigeria exported N58.65 billion electrical energy to African countries. The National Bureau of Statistics (NBS) made this known in its document titled: “Foreign Trade in Goods... Read more »
Nigerians are finding it more difficult to feed themselves, as food inflation rose to 40.66 per cent in May. This was as the cost of food rose by 61 per cent from... Read more »
Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation. According to the group’s annual report for FY 2024, Multichoice had a deposit... Read more »
Meta, the parent company of Facebook, Instagram, and WhatsApp, will reduce its office space in Lagos after global layoffs in mid-2023 affected its Nigerian team. At least 35 people were affected by... Read more »
Why Quickpadi Stands Out as the Best VTU App in Nigeria in 2024 In the rapidly evolving landscape of Virtual Top-Up (VTU) apps in Nigeria, Quickpadi has emerged as a clear leader... Read more »
A US based firm, Venture Global LNG has condemned Shell for its poor performance track record at its LNG facilities (Shell LNG is a major shareholder of Nigeria LNG), as the dispute... Read more »
Manufacturers Association of Nigeria (MAN) on Tuesday expressed grave concern over the ripple effects of the recent hike in electricity tariff which has resulted into closure of over 300 companies and 380,000... Read more »
The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the pump price of the commodity in neighbouring... Read more »
Purpledove is proud to announce the launch of its innovative ERP solution, designed specifically for Nigerian and African enterprises. This cutting-edge system addresses the unique challenges of doing business in the region,... Read more »
The Nigerian Deposit Insurance Corporation (NDIC) has disclosed that 99 per cent of Heritage Bank depositors have total balances of less than N5m. The Managing Director of the NDIC, Bello Hassan, made... Read more »
Nairametrics can confirm that First Bank has received the full repayment of a “N456 billion loan” extended to Heritage Bank. This recovery is part of a “bailout loan” arranged during the tenure... Read more »
Aviation Unions have opened barricaded airport terminals, following suspension of an indefinite strike by the Nigerian Labour Congress, NLC, and Trade Union Congress, TUC.Francis Akinjole, General Secretary of Air Traffic Services Senior... Read more »
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Federal Government is offering businesses including manufacturers in the country credit facilities up to ₦1bn at a 9%... Read more »