BusinessPost

By Adedapo Adesanya The Nigeria Employers’ Consultative Association (NECA) has backed the proposed 15 per cent fuel import tariff introduced by the President Bola Tinubu-led government. According to NECA Director General, Mr Wale Smatt Oyerinde, the move will enhance local pr

By Adedapo Adesanya Shell Nigeria Exploration and Production Company has given US-based Halliburton an integrated drilling contract to work on the oil major’s $2 billion shallow-water HI offshore gas project in Nigeria. According to reports, the financial terms of the deal, a

By Adedapo Adesanya Ellah Lakes Plc has announced plans to launch a public offer as part of its broader capital-raising strategy, following a signing ceremony held on November 5, 2025. During a press briefing, the company highlighted its strategic repositioning efforts,

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.96 per cent on Thursday, November 6, as the market capitalisation added N20.72 billion in value to close at N2.189 trillion from the N2.168 trillion, and the NASD Unlisted Security Index (NSI)

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, November 6, reversing the loss from the preceding session. During the trading day, it gained N1.75 or 0.12 per cent on the greenback to close at

By Adedapo Adesanya Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world’s largest oil consumer, with Brent crude futures depreciating by 14 cents or 0.22 per cent to $63.38 a barrel and

By Dipo Olowookere It was another horrible session for investors trading local equities as the Nigerian Exchange (NGX) Limited further declined by 0.36 per cent on Thursday. Customs Street has been under pressure since President Donald Trump of the United States threatened

By Adedapo Adesanya The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has expressed delight over the impending increase in oil production. The NUPRC chief shared his view during an official visit to Dubai Drydocks World

By Adedapo Adesanya The Nigerian government, through its Investment in Digital and Creative Enterprises (iDICE) programme, has made its first investment in a venture capital fund. The government’s participation went into Lagos-based Ventures Platform which announced it has r

By Adedapo Adesanya Nigeria has lost $300 billion to oil theft, according to a Senate committee investigating oil theft losses. The Senate ad hoc committee investigating persistent crude oil theft in the Niger Delta has revealed that a forensic audit conducted by independent