Monday, March 16, 2026
Nigeria, Angola crude demand firm as international refiners run full steam on booming margins
Booming refinery profits are helping leading African oil producers, Nigeria and Angola sell cargoes quickly, aided by a shortage in...
Read moreDetailsNigeria postal services targets 70% home deliveries in 2yrs as it adopts innovative addressing system
Nigeria’s postal service, NIPOST has set itself the ambitious target of increasing home delivery to 70 percent within the next...
Read moreDetailsLibya crude floods market again amid OPEC’s supply cut decision
Libya’s crude shipments jumped to a new three-year high last month, dealing a fresh blow to OPEC and allied oil-producing...
Read moreDetailsStandard Chartered sees shares hammered despite 82% rise in H1 profit
Standard Chartered plc, which operates a banking network in Nigeria, saw its share price fall by 5.5 percent despite announcing...
Read moreDetailsDangote sells 2.3% stake in Dangote Cement for N86.1bn at 5.5% discount to foreign interest
Africa's richest man, Aliko Dangote, has sold 2.3 percent stake in Dangote Cement to foreign buyers in a stock market...
Read moreDetailsDangote Cement, Sugar, Stanbic, Nestle lift Nigeria equities as index rebound 2.5%
The Nigerian equities rebound from a 2-day downtrend Tuesday, with all-share index appreciating 2.5 percent to close at 36,720.62 points,...
Read moreDetailsLagos alone contributes 55% of Nigeria VAT collections but receives less on few number of councils
Kemi Adeosun, minister for finance, says more than half of Nigeria’s value added tax (VAT) comes from Lagos state alone....
Read moreDetailsNigeria’s economy seen coming out of recession as manufacturing index expand for the fourth consecutive month
The manufacturing purchasing managers’ index (PMI), an indicator of the economic health of the manufacturing sector increased to 54.1 index...
Read moreDetailsOutlook for Nigerian stocks positive on improved economic data, earnings expectations
Despite a 2.8 percent drop in value of Nigerian stocks Monday, market analysts still see strong outlook for equities based...
Read moreDetailsAffordability seen a barrier to Internet access in Nigeria
Nigerians’ access to the Internet has been plagued by affordability, just as awareness and use of zero rating remains low...
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