Aiteo Eastern E&P Company has been sued by seven Nigerian banks, as well as Shell Plc and Africa Finance Corporation, over a $2 billion loan used…
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The Nigerian government has denounced Poland for holding Nigerians and other African students fleeing war-torn Ukraine in detention centres because of their dark colour. Abike Dabiri-Erewa,…
https://www.youtube.com/embed/S9k_CemBXhA It has taken a few postponements and deferrals but finally, Nigeria has made good its decision to bar telephones lines that are not linked to…
For the 2021 financial year, Nigeria earned a total of $.38 billion from Shell in royalties, taxes and other payments despite challenges of oil theft and…
With 27 million people going hungry, West Africa is experiencing its greatest food crisis in a decade. Unless immediate action is taken, this number might soar…
The Central Bank of Nigeria has sanctioned commercial banks for non-compliance with the restrictions on cryptocurrencies transactions. In February 2021, the Central Bank placed a ban…
Zrosk Investment Administration, a local venture capital firm, sponsored a $11.4 million Series A round for ZirooPay, an agency banking startup based in Nigeria’s commercial city,…
The Nigerian Exchange Ltd. (NGX) closed on a strong note on Wednesday, with bargain hunting in Tier-1 banks such as Zenith Bank and Guaranty Trust Holding…
Equinix, the world’s digital infrastructure firm, has announced the completion of its $320 million acquisition of West African data centre and connectivity solutions provider MainOne, marking…
The Naira remained under pressure and fell across the foreign exchange (forex) markets as skepticism continued to fuel foreign inflows into the market. Official data and trading…