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Shell Boosts Offshore Assets with $510 Million Bonga Field Deal

Nigeria, May 30 -- Shell Nigeria Exploration and Production Company Limited (SNEPCo) took a giant stride towards cementing its hold on Nigeria's deepwater oil sector with the $510 million high-cost ac... Read More


Nigerian Shares Maintain Bull Run on Over N170 Billion Market Cap Gains

Nigeria, May 29 -- The Nigerian stock market maintained its upward trend as proprietors led a fresh rally that raised the total market capitalization by N177 billion. The growth indicates heightened ... Read More


Nigeria's Sovereign Sukuk Receives Historic N2.2 Trillion of Subscriptions

Nigeria, May 29 -- Nigeria's capital market had a spectacular display of investor appetite after the recent listing of the Sovereign Sukuk by the Debt Management Office. N300 billion Series VII Ijara... Read More


Airtel, NAHCO Lead NGX Bull Run as Market Hits Historic N70 Trillion High

Nigeria, May 28 -- Nigerian Exchange (NGX) had a bull run this week, with the total market capitalisation crossing the N70 trillion barrier. The All-Share Index (ASI) increased by 1,721.29 points, or... Read More


Nigeria to Borrow $21.5 Billion from Global Partners for National Development

Nigeria, May 28 -- The Federal Government of Nigeria has laid out its schedule for an external loan of $21.5 billion as it moves to stimulate nationwide growth and fill its humongous infrastructural d... Read More


MTN Named Africa's Most Admired Brand, Joins Hall of Fame

Nigeria, May 28 -- For the second time, MTN Group has set a pace in the African telecom and business community by joining the recently introduced Brand Africa Hall of Fame. This acknowledges MTN's fa... Read More


CBEX Crypto Scam: Suspects on the Run as EFCC Recovers Part of Trillions Lost

Nigeria, May 27 -- The Economic and Financial Crimes Commission (EFCC) recovered some of the money linked to the collapsed Crypto Bridge Exchange (CBEX) online Ponzi scheme virtual investment that col... Read More


Airtel Blocks 9.6 Million Spam Messages with AI in 2 Months, Leading Nigeria's Fight Against SMS Fraud

Nigeria, May 27 -- Airtel Nigeria has further protected its subscribers from recent surges in fraudulent SMS messages by embracing a cutting-edge artificial intelligence (AI) solution that blocked ove... Read More


Naira Slides as Reserves Dip and BDC Recapitalization Deadline Nears

Nigeria, May 27 -- On Monday, the Nigerian naira opened the week on a sour note in the official foreign exchange market with an opening rate sliding to as low as N1,583 per United States dollar. Centr... Read More


Elon Musk's Fortunes Soar as Political Ties Spur Business Expansion

Nigeria, May 26 -- Elon Musk's business world is expanding at a record rate, even amid the recent turbulence in Tesla stock, which rocked headlines. Forbes's tally indicates that his fortune rose to ... Read More