Business

Electricity distribution companies (DisCos) under the aegis of the Association of Nigerian Electricity Distributors (ANED) say customers are threatening not to pay their electricity bills following a recent slash by the…

The Securities and Exchange Commission (SEC) says it approved the decision of Oba Otudeko, chairman of Honeywell Group, and Tunde Hassan-Odukale,…

With just weeks to the rollout of Dangote refinery’s direct-to-consumer fuel distribution scheme, oil suppliers in Nigeria have raised strong objections,…

Former Group Managing Director of FirstBank Nigeria, Dr Olabisi Onasanya, has said he is now vindicated after the Federal High Court in Lagos struck out…

The Naira yesterday depreciated to N1,537 per dollar in the Nigerian Foreign Exchange…

The Nigerian National Petroleum Company Limited has reduced its premium motor spirit price for the second time in one week. The state-owned oil firm has adjusted its petrol price to N890 per litre from N895,…

Commissioners of energy across the 36 states on Wednesday disclosed their readiness to meet with power distributors to negotiate electricity tariffs that are reflective and not burdensome on residents of the states.…

France’s Canal+ said Wednesday it had cleared the final regulatory hurdle for the buyout of Africa’s largest pay TV enterprise, MultiChoice, and further expand its footprint on the continent. The company said in a…

The federal high court in Lagos has struck out the 13-count charge filed against Oba Otudeko, a former chairman of First Bank of Nigeria (FBN). Chukwujekwu Aneke, the judge, struck out the charges on Wednesday after…

The cost of preparing a pot of jollof rice in Nigeria has increased significantly, with the average now standing at N27,527.85 — a 153% increase between March 2023 and June 2025. This is according to a new report…

The Securities and Exchange Commission (SEC) has queried the Central Bank of Nigeria (CBN) over the sale of 10.43 billion shares in…

The Dangote Petroleum refinery has begun exporting Premium Motor Spirit, selling approximately 1.35 billion litres of petrol to other countries worldwide in the past 50 days. President of the Dangote Group, Alhaji…

The President of Dangote Group, Aliko Dangote, has stated that the presence of a floating offshore oil market in Lome, Togo, will stifle plans for investors to construct refineries in Africa. Dangote said the…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rates at 27.5 per cent Governor of the Central Bank, Olayemi Cardoso, made the disclosure while briefing the media…

Nigeria’s external reserves have climbed to $40.11 billion as of July 2025, according to the Central Bank Governor, Yemi Cardoso. He disclosed this during the Monetary Policy Committee (MPC) briefing held on Monday,…

Nigeria's new tax laws arrive with grand promises of inclusive growth and creating "a new lease of life" for everyone from households to large…

Nigeria's free trade zones are on a three-year countdown to adapt to new tax laws designed to level the manufacturing playing field. The…

The naira moved closer to convergence on Monday, appreciating further in the black market and remaining flat in the parallel market.…

Seven states that control their electricity markets by the Electricity Act 2023 are coming under pressure to review tariffs after the Enugu State Electricity Regulatory Commission (EERC) rolls out its landmark move…

•Experts laud CBN for driving rate convergence SPECULATORS have been thrown into confusion as $1.31 billion in foreign portfolio investment (FPI) inflows and aggressive reforms by the Central Bank of Nigeria…

DESPITE a turbulent economic climate, Nigeria’s top executives saw a dramatic rise in earnings in 2024. The combined base salary of the country’s 10 highest-paid Chief Executive Officers (CEOs) surged by about 134…

The Nigerian National Petroleum Company Limited says it generated a total revenue of N4.571tn in June 2025, sustaining its upward earnings momentum as crude oil and gas production recorded notable increases, the…

Following the rebasing of Nigeria’s Gross Domestic (GDP) report, the National Bureau of Statistics (NBS) yesterday stated that Nigeria’s economy grew by 3.13 per cent in the first quarter of 2025 from the 2.27…

More states have announced plans to reduce electricity tariffs in their jurisdictions after the Enugu Electricity Regulatory Commission issued a new tariff order to MainPower Electricity Distribution Limited, revising…