Business

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The Nigerian Ports Authority (NPA) on Thursday said that 32 ships were expected to arrive at the Lagos Ports Complex from April 21 to April 30. According to NPA in its daily Shipping Position, the ships were expected to arrive with petroleum products, food items and other items. It listed the items as general cargo, […]

The naira exchanged at 418.33 to the dollar at the Investors and Exporters window on Wednesday, representing a 0.32 per cent depreciation, compared to 417 naira to the dollar recorded on Tuesday. The open indicative rate closed at 418.25 naira to the dollar on Wednesday. An exchange rate of 444 naira to the dollar was […]

The International Monetary Fund has warned about the widespread use of crypto assets in Nigeria and other emerging markets to bypass capital restrictions and sanctions. According to the IMF’s Global Financial Stability Report, this is the case. The IMF paid increased attention to crypto-assets this quarter. The IMF had pushed for a worldwide regulatory framework to […]

Eterna Plc has notified The Exchange and investing public that the SEC has granted Preline Limited, the Authority to Proceed with the acquisition of 1,300,000 units of ordinary shares, equivalent to 0.10% stake in Eterna Plc. This comes after Eterna plc, in November 2021, released a press statement on the acquisition of over 700 million units of […]

The World Bank Group President, David Malpass has said that Nigeria and other developing countries are faced with sudden price increases for energy, fertilizer and food, as well as interest rate increases due to war in Ukraine and Covid-19 related shutdown. This is as the international financial institution has expressed concern over higher poverty rates […]

Power supply fell for the second consecutive day on Sunday, 17th April 2022, dropping by 1.53% to 86,564.47MWh compared to 87,907.18MWh recorded on Saturday. This is also the lowest daily amount of energy supplied by the TCN in six days. This is according to data tracked by Nairalytics from the Transmission Company of Nigeria (TCN). […]

In a month, the share price of aviation company, NAHCO Plc, appreciated by 42.50% to close at N5.70 per share, taking the market capitalization to N9.26 billion. The growth in share prices which was recorded by the company can be attributed to the impressive Audited financial performance declared recently for the period ended, December 31, […]

The Federal Government has pledged its commitment to the completion of the stalled Brass Liquefied Natural Gas (BLNG) project as it seeks for new investors to revive the project. This was made known by the Minister of State for Petroleum Resources, Chief Timipre Sylva, during an inspection of the project site in Twon Brass, Bayelsa […]

The Airline Operators of Nigeria (AON) has called on the Federal Government to beef up security at the nation’s airports and ensure that the lives of airline staff and their properties are lawfully protected. AON President, Abdulmunaf Sarina, made the call in a statement on Friday while condemning the attack on some staff of Max […]

The Federal Government on Wednesday announced that the Port Harcourt Refinery would commence operations by the first quarter of 2023. The Minister of State for Petroleum Resources, Chief Timipre Sylva, who gave the announcement said the Port Harcourt refinery would be able to refine 60,000 barrels of crude oil per day from next year. The […]


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