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PPPRA raises petrol price to N143.80 per litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has introduced a brand new value band of N140.80 to N143.80 per litre for Premium Motor Spirit,...

Why the $2.8bn AKK Gas Pipeline is Vital for Industrial Growth

The Nigerian National Petroleum Corporation (NNPC) has embarked on an ambitious project to expand the country’s domestic gas footprint with the delivery of the...

Nigerian Petrol Prices are 7th Cheapest in the World

Nigerian Petrol prices are some of the cheapest in the world, a reflection of the petrol subsidy regime in place as well as the...

Shell To Writedown $22bn of Assets as Virus Hits Oil Demand

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the...

Transcorp Hotels Eyes N10bn Rights Issue to Strenghten Balance Sheet amid Covid

Shareholders of Transcorp Hotels are planning a N10 billion rights issue as the company moves to shore up its finances as the closure of...

Dollar Liquidity Rises to 1-month High as Turnover Tops $122mn

Dollar liquidity on the Investor and Exporters (I&E) Foreign Exchange (FX) window rose to a one-month high yesterday as turnover hit $122.89 million. The last...

India bans TikTok, WeChat Chinese Mobile Apps

India has banned 59 of China’s biggest mobile phone apps, including TikTok and WeChat, on the grounds that they pose a threat to the...

Nigeria Insurers’ investment income rise 24.52 percent to N80.63bn

Nigerian Insurers are reaping the rewards of parking their money in the bonds and equity markets as investment income improved. When combined ratio are high...

NSE 30 firms’ Profit Shrinks on Seplat’s Huge Loss, COVID-19

Every sector of the economy is feeling the pang of an economic downturn caused by a sudden drop in crude oil price and the...

Gilead to Charge $3,120 for Coronavirus Drug Remdesivir

Gilead Sciences Inc., said that it will charge U.S. hospitals roughly $3,120 for most patients who need remdesivir, picking a middle ground in a...

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