By Adedapo Adesanya The Naira further weakened against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, March 10. Yesterday, the local currency depreciated against the greenback by N8.14 or 0…
By Dipo Olowookere The bears took control of Customs Street on Tuesday after equity investors embarked on profit-taking, resulting in the market closing lower by 0.57 per cent. Sell-offs were witnessed in almost all the key sectors of the…
By Adedapo Adesanya Oil plunged by more than 11 per cent on Tuesday after the market held onto comments by US President Donald Trump about a quick end to the war with Iran that has disrupted global crude flows. Brent futures fell $11.16 or…
By Modupe Gbadeyanka A targeted fiscal incentive designed to unlock the long-awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project has been approved by President Bola Tinubu. The approval followed…
By Adedapo Adesanya Nigeria recorded a trade surplus of N5.17 trillion in the first quarter of 2025, according to the National Bureau of Statistics (NBS) in its latest Foreign Trade in Goods Statistics report. This affirmed that the…
By Aduragbemi Omiyale The federal government has directed the Federal Airports Authority of Nigeria (FAAN) to adopt a hybrid payment system that accommodates both cash and card payments at all airport access gates with effect from Friday,…
By Adedapo Adesanya President Bola Tinubu on Tuesday asked the Senate to screen and confirm Mr Taiwo Oyedele as the Minister of State for Finance, to replace Mrs Doris Uzoka-Anite. The President made the request through a letter read on…
By Aduragbemi Omiyale The board of Beta Glass Plc has been reorganised, with the addition of four new executives, who will help to drive the company’s next phase of innovation and growth. In a statement, Beta Glass announced the…
HANOI, VIETNAM – Media OutReach Newswire – 10 March 2026 – Amid volatility in global fuel prices, Vingroup has announced the launch of a special “Trade Gas for Electric” program in Vietnam, India, Indonesia, and the Philippines. The…
By Adedapo Adesanya Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), marking the first downward adjustment after several sharp increases recorded in recent days.…
By Timi Olubiyi, PhD The ongoing tensions in the Middle East may seem geographically distant from Nigeria, but the economic effects are already being felt in very real and personal ways across many countries, including Nigeria, even though…
By Adedapo Adesanya Parallex Bank Limited said it has completed the recapitalisation requirement of the Central Bank of Nigeria, surpassing the N50 billion minimum capital threshold for regional commercial banks ahead of the March 31, 2026…
By Adedapo Adesanya Nigeria will position the Intra-African Trade Fair 2027 (IATF 2027) as a major catalyst for accelerating trade and investment across the continent under the African Continental Free Trade Area (AfCFTA) framework. This…
By Aduragbemi Omiyale The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.…
By Modupe Gbadeyanka A leading provider of consumer and business financing solutions in Nigeria, Zedvance Finance Limited, intends to increase its lending to commercial entities in the country by 160 per cent in 2026. Last year, it…
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rallied by 1.48 per cent on Monday, March 9, spurred by six price gainers at the close of business. The sextuplet was led by Nipco Plc, which added N28.00 to trade at…
By Adedapo Adesanya Oil prices fell in the later session of Monday after initially crossing the $100 per barrel mark as the escalating Iran war by the United States and Israel squeezed world energy supplies, boosted the Dollar, and…
By Dipo Olowookere The Nigerian Exchange (NGX) Limited ended its first trading session of this week on a positive note after it improved by 0.12 per cent on Monday. Buying pressure across key sectors of Customs Street influenced the growth…
TAIPEI, TAIWAN – Since its launch in 2022, the exhibition has been jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com). The event has supported numerous companies in expanding into overseas markets and has earned strong…
By Adedapo Adesanya The Naira halted two consecutive weeks of depreciation in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Monday, March 9, by remaining unchanged at N1,393.26/$1. However, against the Pound Sterling, it…
By Dipo Olowookere The rise in the prices of crude oil grades on the global market as a result of the attacks on Iran by the duo of the United States and Israel has triggered an increase in the price of premium motor spirit (PMS),…
By Aduragbemi Omiyale In January 2026, the Nigerian National Petroleum Company (NNPC) Limited recorded a 9.69 per cent rise in profit after tax amid a 46.70 per cent decline in revenue. According to its latest monthly report summary for…
HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – In response to the national 15th Five-Year Plan’s emphasis on developing new productive forces and positioning Hong Kong as an international hub for high-caliber talent, and in…
By Modupe Gbadeyanka In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant…
By Aduragbemi Omiyale The capital raise programme of FCMB Group Plc for the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and its pension business, FCMB Pensions Limited, has been concluded. The financial…
By Adedapo Adesanya A cargo of liquefied natural gas (LNG) from Nigeria has been diverted to Asia after a surge in prices created an arbitrage opportunity for traders. According to a report by Reuters, citing data from analytics firm Kpler…
By Adedapo Adesanya Brent crude prices broke above $100 per barrel for the first time in nearly four years on Monday as the Iran conflict escalated. At the time of filing this report, Brent crude rose 13.9 per cent to $105.60 per barrel…
By Dipo Olowookere Last week on the floor of the Nigerian Exchange (NGX) Limited, investors transacted 3.695 billion shares worth N177.687 billion in 370,980 deals compared with the 5.494 billion shares worth N196.709 billion traded in 370…
Central Landmark Set for Revitalization with International Expertise HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – In a vote of confidence in Hong Kong’s vibrant and enduring business environment, Nexxus Building, a landmark…
By Aduragbemi Omiyale The 20 per cent free float requirement of the Nigerian Exchange (NGX) Limited for listed companies on its platform has been finally met by Champion Breweries Plc ahead of the October 2026 deadline. The exchange…