Business

The Nigerian Communications Commission (NCC) has said it would sanction Elon Musk’s internet company, Starlink, for increasing its subscription price in Nigeria without approval from the regulator. This followed a…

Nigeria’s oil futures, Brass River and Qua Iboe, recorded gains, climbing above $80 per barrel, amid escalating geopolitical tensions and global economic uncertainty. Brass River, a sweet medium light crude,…

Nigeria’s mobile money transactions have grown nearly 30-fold to N42 trillion over the past five years, thanks to Chinese companies’ discounted offers and transfers. Total mobile transactions between January…

Oando Plc has been shortlisted by the Trinidadian government as one of three final contenders to take over the country’s state-owned refinery, which was owned by the defunct Petrotrin. Speaking during a budget…

...a testament to Dangote’s foresight, African entrepreneurship Celebrated diplomat and African Union High Representative for Silencing the Guns, Dr. Mohamed Ibn Chambas, has described…

The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery,…

Build-to-let, buy-to-let and house-for-rent segment of the real estate market in Nigeria faces an uncertain future as investors shun that segment due to rising rent defaults induced by high cost of living and…

Point of Sale transactions in Nigeria totalled N6.23tn between January and July 2024, according to data from the Nigeria Inter-Bank Settlement System. This marks a 7.4 per cent decline compared to the N6.79tn…

The Central Bank of Nigeria (CBN) has taken steps to manage the country’s rising money supply, withdrawing N1.335 trillion from circulation. The measure, often referred to as a “mop-up exercise,” aims to curb the…

The Governor, Central Bank of Nigeria, CBN, Mr Olayemi Cardoso, has said that the apex bank under him took the bold step of floating the Naira in the foreign exchange market in order to bring the official exchange…

Having lifted about 103 million litres of petrol from Dangote Refinery between September 15 and 30, the Nigerian National Petroleum Company Limited (NNPC) is now set to implement a new pricing regime for the product,…

The Director-General of the Cross River StateLottery and Gaming Agency, Michael Eja, has revealed that approximately 60 million Nigerians engage in gambling daily. Eja made this known during the launch of a new…

The federal government says Nigeria has officially commenced the sale of crude oil and refined petroleum products in naira. Wale Edun, minister of finance and coordinating minister of the economy, in a statement…

In pursuit of capital to finance its operations, the Nigerian National Petroleum Company (NNPC) Limited offered a substantial volume of the nation’s crude oil to creditors to secure about $6 billion in loans…

...Partners with Federal Ministry of Women Affairs to empower 500,000 women. Through its women-focused proposition, SARA by Wema, Wema Bank, Nigeria’s…

*Says high borrowing cost hurting private sector The Managing Director/Chief Executive Officer of the Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has warned that sustained monetary…

The Central Bank of Nigeria (CBN) says as part of move to address volatility in the forex market, it sold a total of US$543.5 million in September. The FX was sold to authorized dealer banks through two-way…

In a significant move to drive Nigeria’s economic growth, the federal government has officially exempted 63 key items from Value-Added Tax (VAT). This development forms part of the broader fiscal policy and tax…

The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM).…

Austin Avuru, a former Managing Director of Seplat Energy, says the Nigerian oil and gas sector is currently facing serious dwindling human capital development and requiring urgent attention. Avuru stated this on…

Nigeria’s crude oil production fell by 40,000 barrels per day (bpd) in September, further deepening its ongoing struggles to meet its OPEC production quota. According to a report by Reuters on Thursday, based on a…

Zenith Bank, one of Nigeria's leading financial institutions, has restored improved services across its electronic transaction channels, ensuring customers…

Mark Zuckerberg has ascended to the position of the world’s second-richest person, eclipsing Amazon founder Jeff Bezos with a staggering net worth of $206.2 billion. This milestone comes after an increase of $78…

The Nigerian Ports Authority, NPA, in collaboration with other government agencies, has concluded plans to implement the sale in Naira for crude oil supply to Dangote’s Refinery and other refined products.…