Friday, June 12, 2026
Shell goes on appeal over loss of OML 11 to Rivers State
Shell Petroleum Development Company (SPDC), in a frantic bid to reclaim ownership of the Oil Mining Lease (OML) 11, has...
Read moreDetailsExternal reserves Down $11bn in 10 months, headache defying all remedies
By Charles Abuede Data from the Central Bank of Nigeria (CBN) show that despite hitting a high figure of...
Read moreDetailsNigeria bans access to foreign exchange for foods, fertilizer importers
Charles Abuede President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to restrict foreign exchange from the nation’s reserves...
Read moreDetailsNigeria’s Zenith Bank receives $200m from Afreximbank to maintain its foreign currency trade flows
Ben Eguzozie, with wire report As bank disburses $3.5bn to African lenders under PAMTIFA Zenith Bank Plc, Nigeria’s tier-1 lender with key...
Read moreDetailsNaira trades N455/$1 on street, N453 at BDCs, weakens N386.17 at I&E, as bids in above N383
Charles Abuede Fixed income market upbeat The naira traded at N455 to the dollar on the Nigerian street currency market...
Read moreDetailsZenith Bank, GTB, MTN help Nigeria bourse put stopper on bearish run
Charles Abuede Investors record N50.1bn, first for week  The banking sector and ICT indices were the top performers on Thursday...
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Private sector’s role key to achieving AfCFTA goals, say experts
Charles Abuede Trade and economic experts have said that the African private sector can play a major role in realizing...
Read moreDetailsHotels around Lagos international airport enforce strict COVID-19 protocols weeks after lockdown ease
Saviour Adugba It might be weeks since the gradual ease of the COVID-19 restrictions was announced by the President-Buhari-led administration, but hotels...
Read moreDetailsFitch revises global GDP plunge to 4.4%, expects moderate expansion in 2020
Charles Abuede After an initial prediction in its June outlook that global gross domestic product (GDP) will plunge by 4.6...
Read moreDetailsNigeria’s central bank goes gun-smoking in response to think-tank, NESG’s attack on policy approaches
Charles Abuede The Central Bank of Nigeria (CBN) has debunked rumours emanating from a recent statement by the Nigerian Economic Summit Group...
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