Economy

Federal Executive Council approves $2.2 billion external borrowing plan: Wale Edun

The Federal Executive Council (FEC) has approved a $2.2 billion financing programme for external borrowing, including a potential Eurobond and Sukuk bond offer. Wale Edun,...

Air Peace flight delayed after bird strike before takeoff

An Air Peace Abuja–Lagos 06:30 flight experienced a bird strike before take-off on Thursday, prompting a ramp return as a safety measure. In a statement...

SEC proposes ₦20 million fine, 10 years imprisonment for ponzi scheme operators in new ISB 2024

The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 is proposing a penalty of not less than ₦20 million...

NNPC boosts oil and gas production to 1.8 million barrels per day: CEO Mele Kyari 

Mele Kyari, group chief executive officer, of the Nigerian National Petroleum Company (NNPC), has revealed that the state-owned oil company and its partners have...

MTN Group sees 18.5% revenue decline due to naira depreciation

Nigeria's weak naira has impacted MTN Group's service revenue, which triggered a 18.5 per cent fall to 127.37 billion rands in the first nine...

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