Business

Nigeria’s electricity distribution companies collected N553.63bn in the first quarter of 2025 despite widespread complaints of low power supply,…

The Asset Management Corporation of Nigeria (AMCON) has listed the Silverbird Entertainment Centre in Abuja for sale to recover a longstanding…

Two commercial banks in Nigeria have announced the resumption of international transactions on their naira cards. In separate announcements to customers, United Bank of Africa (UBA) and Wema Bank said the service has…

A growing number of Nigerian bank customers are opting to disable their SMS alert services, citing the rising costs as a major concern, Daily Trust can report. The SMS alert service, which notifies account holders of…

The Oyo State Government has announced plans to support 1,000 young agropreneurs with a ₦1.5 billion fund in a renewed push to expand its agribusiness sector. The…

9mobile has confirmed its roaming partnership deal with MTN Nigeria, announcing that the service will be fully rolled out nationwide this July. On July 2, MTN announced a three-year national roaming agreement…

The Asset Management Company of Nigeria has announced that the Ibadan Electricity Distribution Company (IBEDC) has been sold. Gbenga Alake, the managing director (MD) and chief executive officer (CEO) of AMCON,…

The African Export-Import Bank (Afreximbank) says it has completed the upsizing of its reserve-based lending (RBL) facility for Oando Oil Limited to $375 million. Reserve-based lending is a type of financing for…

MTN Nigeria has announced a three-year national roaming agreement with Emerging Markets Telecommunications (EMT) Services Limited, enabling 9mobile subscribers to…

Nigeria’s downstream petroleum sector is gradually tilting under the firm control of Dangote Refinery as 16 marketers have joined the list of…

In a renewed push to meet its OPEC production quota and 2025 budgetary targets, the Federal Government on Tuesday declared an end to the era where oil companies acquire field licenses and leave them dormant. The…

The Nigerian National Petroleum Company Limited (NNPCL) has stated that it made N5.58tr statutory payment to the federal government from January to April, 2025. The company in its monthly report summary for May…

The prices of beans have dropped significantly across major markets in Nigeria, reversing the sharp hikes recorded in 2024. Market surveys by TheCable show that the price of both honey beans and brown beans has fallen…

Bayo Ojulari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the country achieved 100 percent crude oil pipeline availability throughout June. Ojulari announced…

MTN Nigeria has launched what it claims is the country’s largest prefabricated modular data centre, marking a bold push into the…

In a country where fiscal power has long rested in Abuja, Nigeria’s newly signed VAT reforms could quietly rebalance economic control, handing more revenue…

Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the…

The Asset Management Corporation of Nigeria (AMCON) has made available several properties for sale across…

• Governors’ cooperation, political will required to implement laws • Govt at risk of revenue loss over inefficiency,…

Dangote Petroleum Refinery has reduced its ex-depot price for premium motor spirit (PMS), also known as petrol, to N840 per litre. The reduction…

Julius Rone joins gas summit at NOG Energy Week 2025 in Abuja, highlighting key energy solutions with top experts and…

First City Monument Bank (FCMB) officially commissioned a new branch in Sangotedo, Lagos, on June 26, 2025. Local leaders expressed strong support and high hopes…

The integration of credit histories into Nigeria’s National Identification Number (NIN) database is poised to revolutionise…

In 2024, Food Concepts Plc, the operators of Chicken Republic, PieXpress, and The Chop Box, posted a net income of N3.3 billion. This represents a…