Business

NMDPRA denies cartel in downstream sector, affirms transparent pricing

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says there is no cartel operating in the downstream oil sector,…

8 months ago

Africa’s instant payments surge to $2trn as Nigeria leads push for financial inclusion

Africa’s digital payments ecosystem is expanding at an unprecedented rate, with instant payment systems (IPS) across the continent processing 64…

8 months ago

Nigeria can unlock $3.9bn from untapped non-oil exports — ITC

Nigeria could earn an additional $3.9 billion by maximising global demand for high-value non-oil products, according to new data from…

8 months ago

Emadeb E&P begins first oil production from Ibom field

Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) has announced the commencement of commercial oil production from the Ibom…

8 months ago

PETAN, oil majors back Nigeria’s push to boost oil production

The Petroleum Technology Association of Nigeria (PETAN), alongside major international oil companies such as Shell, TotalEnergies and ExxonMobil, has pledged…

8 months ago

Samsung, Hyundai announce $350bn investments after US-South Korea trade deal

Samsung Electronics, Hyundai Motor, and other major South Korean manufacturers have unveiled domestic investment plans, as a United States trade…

8 months ago

FG targets ₦160bn from 2025/2026 wheat production

The Federal Government says it is targeting an output value of about ₦160 billion from wheat production in the 2025/2026…

8 months ago

IFC proposes $15m loan to Aderinwale for Justrite’s expansion

The International Finance Corporation (IFC) is considering a naira-equivalent loan of up to $15 million for Justrite, the Nigerian supermarket…

8 months ago

Insecurity, high costs force closure of 40% of Nigerian bakeries — PBAN

The Premium Breadmakers Association of Nigeria (PBAN) has warned that Nigeria’s food supply chain is under severe strain, revealing that…

8 months ago

Bitcoin sinks to 6-month low

Bitcoin dropped to its lowest level in six months on Friday, November 14, 2025, as a sell-off in risk assets…

8 months ago

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