The Ethiopian Investment Commission (EIC) has announced the approval of 40 foreign investment permits in the retail, wholesale, import, and export sectors—sectors that were previously closed to foreign investors. Mr. …
International credit rating agency, Fitch Ratings, has upgraded Nigeria’s long-term foreign-currency rating from ‘B-‘ to ‘B’, changing the country’s outlook from negative to stable. This announcement was made in a …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced that Nigeria’s crude oil and condensate reserves have reached a total of 37.28 billion barrels, with gas reserves standing at …
Three major aviation unions in Nigeria have threatened to resume a suspended strike over alleged breaches of agreement by the Nigerian Meteorological Agency (NiMet). The unions, in a jointly signed …
Delta Air Lines has released its financial report for the first quarter of 2025, showing strong results despite global economic uncertainties affecting the aviation sector. According to the report, the …
Stakeholders in Nigeria’s agricultural sector have expressed strong support for the Federal Government’s launch of the Special Agro-Industrial Processing Zones (SAPZ), describing the initiative as a major step toward food …
The Federal Government of Nigeria has signed a $27.3 million deal with LNG Arete to build a mini Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State. The agreement, signed …
TotalEnergies Marketing Nigeria Plc has reported a profit of N27.49 billion for the financial year ended December 31, 2024. This marks a significant 113 per cent increase from the N12.92 …
First City Monument Bank (FCMB) Group Plc has announced a profit after tax of N73.34 billion for the financial year ended December 31, 2024. This marks a drop from the …
The Chief Executive Officer of Lalaa Consulting, Mr. Demola Aderibigbe, has said that small and medium-sized enterprises (SMEs) in Nigeria must begin to apply creativity and innovation in their businesses …