Oando Plc has announced that its trading subsidiary, Oando Trading, has been formally selected as the preferred bidder for the lease of Guaracara Refining Company Limited (GRC)’s refinery assets ...
Two months after suspending flight operations due to a tyre burst incident involving one of its aircraft at the Mallam Amunu Kano International Airport (MAKIA), Kano, Max Air is set to resume flight o...
Nigeria’s inflation rate eased for the second consecutive month in February, raising hopes that price pressures may have peaked and could continue to moderate in the coming months. The National Bureau...
Transnational Corporation Plc (Transcorp) has delivered a highly improved financial performance for the year ended December 31, 2024, reinforcing its position as one of Nigeria’s most formidable cong...
Economic experts have remained optimistic about Nigeria’s economic outlook for 2025, projecting growth rates averaging four per cent, even as they expect inflation to decrease, potentially below 30 pe...
Nigeria’s non-interest bank, TAJBank, has announced plans to issue a N20 billion Mudarabah Sukuk bond as part of its strategy to bolster its Additional Tier 1 capital. The announcement was made by the...
MTN Group reported a 68.9% decline in full-year earnings on Monday, citing currency devaluation and operational challenges in Sudan. The company posted a loss of 9.59 billion rand ($526 million) for t...
CIG Motors, the Chinese automobile company that assembles and distributes GAC vehicles in Nigeria, has taken over operational management of LagRide, the Lagos government-backed ride-hailing compa...
With Africa’s total debt hitting $1.2 trillion, Afreximbank has said that governments on the continent must embrace fiscal discipline, noting that from 2027, citizens will begin to see a significant r...
TotalEnergies has said it will continue to partner with Nigeria to develop key oil and gas assets to support the federal government’s revenue generation and community development. The managing directo...