The member representing Oredo Federal Constituency in the House of Representatives, Hon. Esosa Iyawe, has praised President Bola Tinubu for what he described as the “timely and strategic” overhaul of …
Economy
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CWG Doubles Dividend as Profit Jumps by 428%, Shareholders Celebrate Strong 2024 Performance
Computer Warehouse Group (CWG) has recorded one of its best financial years in history, posting an impressive 428 per cent growth in profit after tax, and as a result, more …
- Banking, Finance & InvestmentBusinessEconomyNigeria
Rand Merchant Bank Nigeria receives West Africa 2024 award
Rand Merchant Bank Nigeria Limited (RMB Nigeria), a top player in Nigeria’s financial sector, has once again shown why it is considered a powerhouse in corporate and investment banking across …
- AFRICA NEWSBusinessEconomyEnergyGlobal NewsInternational RelationsNewsNigeriaOil & Gas
OPEC cuts global oil demand growth forecasts over US tariffs
The Organisation of the Petroleum Exporting Countries (OPEC) has slightly reduced its earlier forecast for global oil demand in 2025. According to its Monthly Oil Market Report released on Monday, …
- AFRICA NEWSEconomyGOVERNMENTReal Estate
Lagos Govt Moves to Curb Arbitrary Rent Increases, Calls Out Quack Estate Agents
The Lagos State Government has warned estate agents and property managers to desist from illegal and excessive charges that go against the state’s real estate laws, while promising support for …
Stakeholders in Nigeria’s real estate industry have raised concerns over the sector’s underperformance, blaming it largely on poor regulation and lack of accountability. This was discussed during the 45th anniversary …
- EconomyEnergyGOVERNMENTOil & GasPolicies
FG Slashes Gas Price for Power Companies as ₦4.7tn Debt Threatens Electricity Supply
The Federal Government has reduced the price of natural gas supplied to power generation companies in a move to ease the financial burden affecting the electricity sector. This new pricing …
- EconomyGOVERNMENTInfrastructureTransportation & Logisitics
Delay Hits $700m Lagos Port Rehabilitation Project Despite Secured Loan
The much-anticipated $700 million port rehabilitation project for Apapa and Tincan Island Ports in Lagos, which was expected to begin in the second quarter of 2025, has been delayed once …
The insurance team of the Nigeria Liquefied Natural Gas (NLNG) is making moves to understand more about energy and special risk insurance policies, especially as the energy sector continues to …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
Nigeria’s Crude Oil Output Drops Again As Prices Fall, Budget Under Threat
Nigeria’s daily crude oil production has dropped again in March 2025, raising more concerns about the country’s ability to meet its budget plans for the year. This is coming at …