Business

•Trade with ECOWAS countries rises 159 % By Elizabeth Adegbesan   The National Bureau of Statistics, NBS, disclosed this in its   Foreign Trade statistics report for the fourth quarter of 2024 (Q4’24). According to the bureau, total merchandise trade stood at N138 trillion in 2024 rising by 55 per cent YoY from ...

By Udeme Akpan , Energy Editor Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE), said its trading subsidiary, Oando Trading, has emerged as the preferred bidder for the lease of the Guaracara Refining Company Limited (GRC)’s refinery assets from ...

Nigeria and Jamaica are set to explore the possibility of a direct flight route as both countries strengthen the Bilateral Air Service Agreement. This was contained in a statement signed by the Special Adviser on Media and Communications to the Ministry of Aviation and Aerospace Development, Tunde Moshood, on Wednesday. ...

Lagos, Nigeria – March 9, 2025: Access Bank PLC (Access Bank), a leading African bank, has received the IFC EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification for its banking headquarters, called Access Tower, located in Oniru, Victoria Island, Lagos. The EDGE Green Building certification program, supported by ...

The Nigerian National Petroleum Company Limited has initiated fresh negotiations with the Dangote Petroleum Refinery over the renewal of the naira-for-crude agreement, as talks are underway in anticipation of the expiration of the initial deal, which ends on March 31, 2025.   The NNPCL disclosed this in a statement issued ...

  NCDMB Commends Heritage Energy, Pledges Support for OML 30 Projects The leadership of Heritage Energy & Oil Services Limited and its joint venture partners recently visited the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, and received assurances of support for their operations ...

    Elon Musk said X was hit by a major cyberattack on Monday as outages plagued users of the platform once known as Twitter. “There was (still is) a massive cyberattack against X,” Musk said in a post on the platform. Musk blamed a cyberattack, providing no evidence, for ...

Naira appreciates by N63 against Dollar in January to seven-month high Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market. According to data from the FMDQ Securities Exchange Limited and the ...

NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, in company with senior officials of Shell Petroleum Development Company (SPDC) on Tuesday undertook a tour of facilities at Brightwaters ...

Design Week Lagos Joins Forces with Ecobank and Ministry of Arts, Culture, Tourism and Creative Economy to Launch “2025 Design and Innovation Exhibition” Design Week Lagos is partnering with Ecobank Nigeria and the Ministry of Arts, Culture, Tourism, and Creative Economy to present Nigeria’s inaugural Design and Innovation Exhibition 2025. ...