Business

The Naira started the new week on a calm note against the US Dollar, as the effects of recent Central Bank of Nigeria (CBN) policy changes continue to play out in both the official and street markets. Official Market In the official market, the Naira opened trading today at roughly…

Investors in the Nigerian stock market recorded strong gains last week, with the market value rising by N924 billion. The positive performance was driven by renewed interest in key stocks, including Premier Paints, Conoil and BUA Cement, which are now among the shares likely to attract attention in the new…

Oil marketers in Nigeria are sounding the alarm about a sharp drop in fuel demand. This change follows a continuous rise in petrol prices. Operators say that higher pump prices are hurting their business and forcing customers to buy less. Petrol Price Surge and Falling Demand According to Nairametrics, prices…

The Supreme Court has upheld the sale of the Lagos Continental Hotel by the Asset Management Corporation of Nigeria, AMCON, ending a long legal dispute involving Polaris Bank, 11 Hospitality Plc, and Milan Industries Limited. The case centred on a loan originally granted by the defunct Skye Bank, now Polaris…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has moved forward with the nation’s 2025 oil and gas licenses issuance by shortlisting pre-qualified bidders for the competitive phase. This is an important step toward attracting new upstream investment and opening up exploration opportunities across Nigeria’s sedimentary basins. On Tuesday, Eniola Akinkuotu,…