News

Nigeria has lost its $1.7 billion claim against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in 2011. In the judgment delivered yesterday, …

The 2022 budget has a deficit of about N6.25tn, approximately 3.39% of the GD . In its move to bridge the gap, Federal government has raised N2.28 trillion FGN bonds/Saving Bonds …

National electricity grid crashed on Sunday causing blackout across major cities. Figures obtained on Monday from the Nigeria Electricity System Operator, shows that the national electricity grid actually crashed from …

AfreximBank, a Pan-african multilateral trade finance institution, has hinted of plans to boost infrastructure development in the continent of Africa with $3 billion, according to report by The Nation. This …

The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty. According to a report obtained via a World Bank newsletter …

Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far repaid a total of $3.72bn to five international oil firms, leaving an outstanding balance of …

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $123.21 per barrel Thursday. This is compared to $121.54 per barrel …

Bloomberg, a financial and technical information platform expanded its coverage of the cryptocurrency markets following a decision to include data on the top 50 crypto assets to the Bloomberg Terminal. …

In a statement issued by the International Air Transport Association (IATA) on Thursday, African airlines recorded a 116.2 per cent increase in passenger traffic in April 2022 compared to the …

The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …