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MTN Nigeria converts to public company ahead of NSE listing

MTN Nigeria has changed its status from a private company to a public liability company (PLC) ahead of its listing on the Nigerian Stock...

NNPC debunks rumour of impending fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to disregard rumours of an impending scarcity of petrol in the country. In a statement issued...

Nigeria needs to invest $100bn per annum for six years — BPE

Nigeria needs to invest $100bn per annum for the next six years in order to achieve optimum result in closing infrastructure gaps across the...

IMF worries over Nigeria’s repayment capacity

The International Monetary Fund, on Tuesday, expressed worry over Nigeria’s ability to repay its foreign debt which had continued to rise. Though it said conditions...

Shell estimates $15bn investments in Nigerian gas project

Shell Petroleum Development Company (SPDC) has revealed plans to invest about $15 billion across 24 oil and gas projects in Nigeria in the next...

Airlines record 2.5% growth in passenger traffic

Airlines in Nigeria and the rest of Africa recorded 2.5 per cent in passenger traffic in February, the International Air Transport Association has said. The...

I withdrew $10m just to look at it, says Dangote

Aliko Dangote, Africa’s richest man, says he withdrew $10 million just to look at it and convince himself that he is rich. Speaking at the...

Some bankers launder funds for terrorists – Magu

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says some “fraudsters in banks are laundering public funds for corrupt politicians...

Switzerland to sue Nigeria over 2018 oil tanker seizure

Authorities in Switzerland have begun planning legal action against the Nigerian government for seizing and detaining a Swiss-flagged oil tanker in January last year. Reports...

Stock investors lost N158bn in March, market slumps by N48bn

Investors in the Nigerian stock market lost N158bn in March amid persistent bearish sentiments. The market, which opened the month at 31,721.76 basis points with...

Access Bank launches new brand following its merger with Diamond Bank

Access Bank launched its new brand on 1st April, 2019 with 400 branches proudly showcasing the new logo. The brand was first unveiled...

CBN MPC reduces interest rate, two years after retaining 14%

The monetary policy committee of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate by 50 basis points. This means that the...