Wednesday, February 18, 2026
Nigeria’s oil export gets boost as Shell lifts Forcados force majeure
Royal Dutch Shell Tuesday lifted the force majeure on exports from the Trans Forcados pipeline, which has been closed since...
Read moreDetails$7.5bn power investment opportunity opens up in Nigeria for global investors
A Power Sector Recovery Program (PSRP) document seen by Businessamlive has indicated that Nigeria’s power sector requires an estimated $1.5...
Read moreDetailsMorgan Stanley raises Nigeria’s weighting in Frontier Market Index, with standalone decision pending
Nigeria’s weighting on the Morgan Stanley Capital International’s (MSCI) Frontier Market Index rose to 7.9% from 6.5%, following the recent...
Read moreDetailsLarfarge, Unilever, Oando, Union Bank to raise N273bn from rights issue
Buoyed by the ongoing positive sentiments in the equities market and the need to cut down trade liabilities as well...
Read moreDetailsNigeria’s NBS links 14% Q4 2016 unemployment rate to rising labour population
Economic recession, job lay-offs and a 0.6 percent rise in labour force helped push Nigeria’s unemployment rate to 14.2 percent...
Read moreDetailsNigeria’s central bank bans overnight holding of forex purchased at interbank market
*Introduces new spread limit of N1… The Central Bank of Nigeria (CBN) has banned authorized dealers at the foreign exchange...
Read moreDetailsNigeria’s Taleveras, ExxonMobil, UK’s Ophir in Equatorial Guinea oil block wins
Nigeria’s rising and diversifying oil trading company, Taleveras, along with international oil company, ExxonMobil and United Kingdom based Ophir, were...
Read moreDetailsNigeria seen plugging LNG supply disruptions from Gulf diplomatic row
The simmering tension in the Gulf region where Saudi Arabia and key allies have cut ties with Qatar, the world’s...
Read moreDetailsMultiple bank charges rise on CBN endorsement as Nigerians pay on average N3.5bn monthly
As Nigeria’s National Assembly meet the Central Bank of Nigeria (CBN) and other banks in Africa’s largest economy over high...
Read moreDetailsWorld Bank raises Nigeria’s growth forecast to 2.5% in 2017
*Claims modest rise in commodity demand, prices as driver... The World Bank has forecast that Nigeria’s economy would grow 2.5%...
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