Business

Telecommunication operators are set to invest N1.59 trillion ($1 billion) in network expansion in 2025 as they look to strengthen their capabilities to halt…

The landing cost of Premium Motor Spirit (petrol) has now averaged N870 per litre, reports by the Major Energies Marketers Association of Nigeria have shown. This is even as the price offered by the Dangote…

Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh…

Nestle Nigeria Plc has continued its recovery path, reporting a pre-tax profit of N51.15 billion in Q1 2025, marking a strong rebound from the N196.086 billion loss posted in the same period of 2024. This follows a…

The Central Bank of Nigeria (CBN) raised a total of N804.85 billion at its Open Market Operations (OMO) auction held on Monday, April 29, 2025, as investors continue to show a strong appetite for high-yield securities amid…

Two separate Oyo State High Court sittings in Ibadan have convicted and sentenced Olaniyan Gbenga Amos to years in jail over a N1 billion investment fraud. This is according to a statement by the Economic and Financial…

Tech titans Elon Musk, Jeff Bezos, and America’s wealthiest individuals have collectively lost more than $300 billion in the first 100 days of President Donald J. Trump’s second term. This is according to a latest…

The naira has maintained relative stability in the foreign exchange (FX) market despite the drop in external reserves. Nigeria’s gross external reserves declined by eight percent year-to-date to $37.84 billion as of…

MTN Nigeria Communications Plc has declared a profit after tax of N133.7 billion for the first quarter of 2025, its first since 2023. This signals a return to profitability for Nigeria’s largest telecom operator,…

FCMB Group Plc convened its 12th Annual General Meeting (AGM) in Lagos on April 29, 2025, where shareholders endorsed the Group’s 2024…

The chairman of Dangote Sugar Refinery Plc, Alikoa Dangote has revealed that the company’s…

In a significant restructuring of its management, the Nigerian National Petroleum Company (NNPC) Ltd has terminated the services of a number of…

Tantalizers Plc has secured shareholders’ approval to raise N2.5 billion through a hybrid offer and increase its share capital from N2.5 billion to N5 billion. The resolutions were passed at the company’s extraordinary…

The Trump administration took aggressive aim at Amazon today, after reports that the company would begin displaying the added cost of President Donald Trump’s tariffs on items. White House Press secretary Karoline…

Warri refinery shutdown drags on since January 25, P/Harcourt refinery struggles at under 40% production capacity Industry operators and experts have questioned…

The Federal High Court in Abuja has struck out a N1 billion suit that was instituted against former President Muhammadu Buhari and the former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, over…

One of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), Adefowora Abiodun, has voluntarily surrendered himself to the Economic and Financial Crimes Commission (EFCC) for…

…set for employee induction into the Refinery   A new batch of 52 trainee engineers have successfully completed their Dangote Petroleum Refinery Graduate Trainee Programme and are now…

Music streaming giant Spotify said Monday it had paid out more than $100 million to creators of audio and video podcasts in the first quarter of 2025, marking the first time the platform has shared such figures.…

Access Bank has responded to allegations circulating on social media that a former contact centre agent secretly filmed colleagues without their consent. In a statement released on Monday, the bank said the…

Nigeria’s listed banks earned a combined N5.93 trillion from investment securities in 2024, a sharp rise highlighting how lenders leaned into safe, high-yield assets during the year. The income from securities formed a…

By the end of 2025, sellers in open markets scattered over Lagos will stop giving out free polythene bags, otherwise…

• Nigeria awaits 1,531MW plants • Fear over cartel as oil majors may control $50b market  Nigeria…

Nigerian manufacturers have lamented over the rising cost of energy, which they said, now gulped about 40 per cent of the production cost. This is just as the Manufacturers’ total expenditure on alternative energy…