President Bola Tinubu has taken action to settle the outstanding electricity bill for Aso Rock, Nigeria’s seat of power, to prevent disconnection by the Abuja Electricity Distribution Company (AEDC). A…
The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil…
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday. This followed the delivery…
Toshiba (6502.T) was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan’s biggest brands and ushered…
For investors who braved their ‘bonds are back’ call in a turbulent year, euro zone debt was the big winner and a souring economy with tighter purse strings mean its…
The Central Bank of Nigeria (CBN) has suspended charges on cash deposits about N500,000 till April 30, 2024. The CBN made this known in a statement on Monday signed by…
Billionaire businessman Femi Otedola has described the Dangote refinery as the “eighth wonder of the world” and said it will protect Nigeria’s energy security. In a post on X (formerly…
The head of the OPEC oil cartel said Saturday there was no “single solution” to the energy transition as pressure grows to agree a phase-out of fossil fuels at the…
Bosun Tijani, Minister of Communications, Innovations and Digital Economy, said about $2 billion is needed to install fiber optic cables in Nigeria. The minister, who appeared as a guest on…
Activity in Britain’s services sector grew in November after three months of declines, a survey showed on Tuesday, but companies reported an uptick in prices charged, a potential concern for…