Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. This comes as the combined wealth of Nigeria’s top three richest businessmen dropped slightly by 11.23 per cent to $25.3bn, according to the Forbes Real-Time Billionaires released on Tuesday. The […]

The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by the Dangote Petroleum Refinery. It was gathered on Tuesday that the […]

The Nigerian government plans to triple energy prices in the coming weeks in a bid to revitalise the country’s energy sector and reduce substantial subsidies. Sources within the presidency familiar with the matter told Bloomberg that the proposed hike would see power companies permitted to increase prices to N200 ($0.15) […]

Local investors accounted for 88.22percent of equities worth N1.009trillion traded on the Nigerian Exchange Limited (NGX) in two months to February 2024. According to recently released data on domestic and foreign portfolio participation in Nigeria’s equity trading, foreigners traded equities worth N118.92billion or 11.78percent in the review two-month period while […]

In the first quarter (Q1) ended March, 2024 only ten Nigerian stockbroking firms traded equities worth N309.9billion which represents 57.43 percent of the total value of stocks traded on the Bourse in the review period. United Capital Securities Limited led the league, accounting for equities deals worth N80.355billion or 14.89percent. […]

Employment declined for the second straight month as business activity in Nigeria was unchanged last month, according to the latest Purchasing Managers’ Index (PMI). The latest monthly PMI by Stanbic IBTC Bank released on Tuesday showed the headline index remained unchanged at 51.0 in March from 51.0 in the previous month. Readings above […]

The foreign exchange (FX) resumed on Tuesday after the Easter holiday with the Naira appreciating to 1,238.3 as Bureau De Change (BDC) operators bought at N1,220 per dollar, cash and transfer to customers at N1,265/$. The Naira appreciated further to 1,225 per dollar on the parallel market, also known as […]

The Chief Executive Officer (CEO) of Air Peace Airlines, Mr. Allen Onyema, yesterday, disclosed that the airline was planning to begin flights to New York and Houston by the end of 2024. Onyema, who was a guest on ‘The Morning Show’ on ARISE News Channel, spoke on the backdrop of the airline’s […]

The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel per marketer as it is set to commence sales of the product today, The Nation learnt. Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Alhaji Abubakar Maigandi, […]