Officials of the Nigerian Government have assured U.S. investors of the favourable investment climate, promising the highest returns on investments, more than anywhere else in the world.

Dangote Cement has tendered a takeover bid for the largest South African cement company, (PPC).

Data from the National Bureau of Statistics (NBS) has shown that inflation has experienced the seventh decline since January 2017.

The Nigerian government has ordered a probe of past heads of the Nigeria Maritime Administration and Safety Agency (NIMSA) and the Joint Admissions and Matriculating Board (JAMB), over suspicion of massive fraud.

Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the clean-up after hurricane in the United States gathers pace and the outlook for demand rise.

Output from the Organisation of the Petroleum Exporting Countries (OPEC) fell in August for the first time since March.

Treasury bills worth to sell 917.14 billion naira would be offered for sale between Sept. 14 and Nov. 30, data from the Central Bank of Nigeria has revealed. The apex bank debt calendar for the fourth quarter showed this development earlier in the week.

The Federal Government said plans were ongoing to increase the crude lifting allocation of the Nigerian National Petroleum Corporation (NNPC) and its trading partners from 40% to 80%. The Managing Director of NNPC Trading Limited, Ibrahim Waya made the disclosure while speaking with newsmen in Abuja on Monday.

Vice President Yemi Osinbajo on Thursday in Abuja reiterated the Federal Government’s commitment to the revitalisation of the moribund seaport in the Eastern region of Nigeria.

The Central Bank of Nigeria, CBN, has continued its relentless effort to sustain the liquidity in the inter-bank foreign exchange market liquid, on Monday, September 11, intervened with another sum of $250 million. A breakdown of Monday’s intervention indicates that the wholesale sector was offered the sum of $100 million, just as the Small and Medium Enterprises (SMEs) window received a boost of $80 million.