Africa Needs $402.2bn Annually to Boost Structural Transformation by 2030- (AfDB)

The Federal Government has inaugurated a 5.2 million Standard Cubic Feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos.

Bitcoin rally has taken cryptocurrency market cap to $2.54 trillion, according to data obtained from exchanges. The global crypto market cap surged by 0.45% day-on-day to $2.54 trillion as largest crypto asset rallied.

 Dr Akinwumi Adesina, the President, African Development Bank (AfDB), says an increase in the gross domestic product (GDP) must translate to job creation for youths to ensure growth on the continent.

The Niger Delta Development Commission (NDDC) has appealed to International Oil Companies (IOCs) to pay up the whopping sum of 700 million U.S. dollars in debts they owe the commission.

In Nigeria, a young tech-savvy and upwardly mobile population is teeming, and exploring derivable benefits of digital technologies. They are propelled by rapidly expanding internet access and steady broadband penetration, currently about 43 per cent.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Thursday announced the signing of a settlement agreement facilitating the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc.

Contrary to expectations that FX market intervention would help the exchange rate level around N1,000 per US dollar at the official window as predicted by Goldman Sachs, the naira disappointed, according to data from the FMDQ Securities Exchange for the official daily quote shows.

Equities investors wealth rose by over N259 billion to about N56.2 trillion on Thursday in the stock market. The gain drove Nigerian Exchange (NGX) equities market capitalization higher, thanks to bargain hunting in banking and oil and gas stocks.

Oil prices declined on Thursday amid ongoing uncertainties over the timing of the US Federal Reserve’s (Fed) interest rate cut, which fuelled demand concerns