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Wednesday, May 7, 2025

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Business

Oil prices slide as OPEC+ ramps up output, raising oversupply concerns

Oil prices tumbled more than $2 per barrel in Asian trading on Monday after the OPEC+ alliance agreed to intensify its output hikes, heightening...

Meta unveils upgraded AI assistant, introduces ‘discover’ feed

Meta has announced new features for its AI assistant, enhancing personalization and social interaction across its platforms. The update includes improved contextual awareness and a...

Nigeria open for business, safe for investment – Finance Minister Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured global investors that the country offers a secure and promising...

Naira rises to N1,618/$ in parallel market

The naira saw a slight gain on Tuesday, strengthening to N1,618 per dollar in the parallel market, compared to N1,620 per dollar the previous...

BREAKING: Dangote Refinery cuts petrol ex-depot price to ₦867 after talks with FG

The Dangote Petroleum Refinery and Petrochemicals has reduced the ex-depot price of petrol to ₦867 per litre, marking a ₦13 decrease from its previous...

Crude price slump: Petrol price likely to fall below N400 per litre – Refiners

The Crude Oil Refinery Owners Association of Nigeria (CORAN) has projected that the cost of Premium Motor Spirit (PMS), commonly known as petrol, could...

Obi, Oba Elegushi, Ooni, Lagosians celebrate Periwinkle Empire boss on birthday at The Delborough Lagos 

Lagos witnessed a night of celebration and transformation as Dr Chiedu Nweke, Chairman of Periwinkle Empire, marked his birthday with the unveiling of four...

FY 2024: Fidelity Bank records 210.0% growth in PBT to N385.2bn

Lagos, Nigeria, March 29, 2025: Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit...

Naira strengthens to N1,575/$ in parallel market

The Naira appreciated to N1,575 per dollar in the parallel market on Tuesday, improving from N1,585 per dollar recorded the previous day. However, in the...

Nigeria to save $267 million as Dangote begins local polypropylene production

The Manufacturers Association of Nigeria (MAN) has welcomed Dangote’s polypropylene production, stating that it will help revive Nigeria’s struggling textile industry and reduce the...

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