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Multichoice Blames Naira Devaluation And Power Cuts for $72m Loss
Multichoice, the operator of DStv and GOtv, has reported a revenue loss of $72 million for the third quarter of 2023. This significant loss...
Oando Secures $800 Million Funding for NAOC Acquisition
Oando PLC, one of Nigeria's leading indigenous energy solutions providers, has secured an $800 million loan for the acquisition of the Nigerian Agip Oil...
Manufacturers Oppose CBN’s Price Verification Portal
The Manufacturers Association of Nigeria (MAN) has expressed its opposition to the Central Bank of Nigeria's (CBN) recently introduced Price Verification System. The association...
Nigeria’s Crude Oil Production Reaches 1.35 Million Barrels Per Day, Still Below OPEC Quota
In 2023, Nigeria achieved its highest crude oil production level this year, reaching 1.35 million barrels per day (mbpd). This represents a 14% increase...
Surprise as Saudi Arabia Revokes Visa on Arrival for 264 Nigerian Passengers
The aviation and diplomatic circles in Nigeria were left in shock as Saudi Arabia unexpectedly canceled the visa on arrival for 264 Nigerian passengers...
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