Business
Cargo Ship Hit in Strait of Hormuz Amid US-Iran Clash
A cargo vessel was struck by an unknown projectile overnight in the Strait of Hormuz off the coast of Oman, maritime security authorities confirmed, just as Washington and Tehran issued…
Nigeria Earns ₦24 Trillion From Crude Oil Exports
Nigeria generated an estimated ₦24.02 trillion from crude oil exports in the first six months of 2026, underlining the nation's heavy reliance on oil sales for foreign exchange earnings despite…
TotalEnergies to Acquire Shell’s European Renewables Business
TotalEnergies has signed an agreement to acquire Shell's entire European onshore renewable energy business, while also agreeing to sell separately a 50 percent stake in a separate portfolio of wind…
Why settle for ordinary when you can enjoy 30% OFF at one of the finest hotels in Ikeja?
Escape the hustle and treat yourself to a luxurious weekend at Airport Golden Tulip Hotel, conveniently located just minutes from Murtala Muhammed International Airport (MMIA). Weekend Special Offers Deluxe Room…
Otedola acquires N222bn FirstHoldco shares, holds 26%
Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has further consolidated his position as the group’s largest individual shareholder after acquiring an additional 1.779 billion ordinary shares valued…
NLNG exports 6,000 LNG cargoes, earns $150bn revenue
Nigeria LNG Limited (NLNG) has generated more than $150 billion in revenue and exported over 6,000 liquefied natural gas (LNG) cargoes worldwide since it began operations, underscoring its growing contribution…
Lawmakers oppose dollar billing for local petrol sales
The House of Representatives has commenced moves to address mounting concerns in Nigeria’s downstream petroleum sector, opposing the continued imposition of US dollar-denominated charges on locally refined petroleum products and…
Fiscal Strain Grows as FG 2024 Borrowing Reaches ₦12.62tn
Nigeria’s public finance landscape faces heightened scrutiny following official disclosures that the Federal Government’s new borrowings spiked to ₦12.62 trillion during the 2024 fiscal cycle. According to figures from the…
