Ogochukwu Onwaeze, THEWILL

Nigeria’s latest petrol price increase has not eliminated one of the strongest incentives for cross-border fuel diversion: a substantial price gap between Nigeria and neighbouring countries.

FAAN says Uber’s Nigeria exit was a broader corporate decision and not the result of its airport restrictions, which followed complaints about safety, touting and passenger accountability.

Nigeria’s inflation picture changed more significantly in August than the headline figure of 15.39 percent suggests, with monthly price growth slowing sharply, core inflation turning negative and food inflation reversing the steep acceleration recorded in July.

The ASI opened at 243,299.24 and closed at 244,304.51, representing a gain of 1,005.27 points or 0.41 percent.

The Federal Government has raised N1.23tn through two bond issuances under its Presidential Power Sector Debt Reduction Programme as it moves to settle verified legacy obligations owed to electricity Generation Companies (GenCos).

The Coca-Cola System is planning to invest $1 billion in Nigeria over five years as the company expands its production capacity and deepens its local supply chain.

United Bank for Africa (UBA) Plc has been named one of the authorised financial institutions through which eligible investors can subscribe to Dangote Petroleum Refinery and Petrochemicals FZE’s Initial Public Offering (IPO).

The Nigerian Communications Commission (NCC) has called for stronger measures to remove barriers preventing persons with disabilities from fully participating in Nigeria’s growing digital economy.

The Nigerian equities market (NGX) opened the new trading week on a positive note, with the benchmark index and market capitalisation advancing despite a broader decline in individual stocks.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is pursuing multiple pathways to transform Nigeria into a global gas hub, with plans to more than double the country’s proven gas reserves over the longer term.