Business

NGX Regulation Limited (NGX RegCo), the regulatory arm of the Nigerian Exchange Group (NGX), has suspended trading in the…

The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the process of settling its $6 billion debt, according to a statement made by Wale Edun, the Minister of Finance and Coordinating Minister for…

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, announced at an investor meeting during the ongoing IMF/World Bank Annual Meetings in Washington, D.C., that the federal government is set to…

The U.S. Department of Justice and the Nigerian government have announced the formation of a new Bilateral Liaison Group on Illicit Finance and Cryptocurrencies. Officials say the partnership aims to combat…

Due to scarcity of foreign exchange (FX) hike in tariffs, increase in import duty and other related taxes, automobile dealers have lamented their…

In a move that strengthens its senior leadership team and solidifies its business transformation strategy, 9mobile has appointed trusted Human Resources…

The International Monetary Fund (IMF) says the naira, Nigeria’s local currency, is showing signs of stability due to interest rate hikes. In its global financial…

The Probate Registry of the Lagos High Court has asked Christian Chukwuka Wigwe to enter an appearance within eight days over a caveat he entered regarding the estate of his “cousin’ the late Access Bank Chief…

The federal government has dropped all charges against Tigran Gambaryan, a Binance Holdings executive who has been detained since April and facing trial for…

Michael Jeffries, the former CEO of Abercrombie & Fitch, was arrested Tuesday in Florida on sex trafficking charges. The former CEO and his partner, Matthew Smith, were arrested in the morning and are expected to…

Passengers have continued to express concerns over the skyrocketing airfares, even as a one-way ticket from Abuja to Lagos hits between N109,000 and N369,000. Checks show that Arik Air charges between N151,000 and…

The federal government has directed the Nigerian National Petroleum Company (NNPC) Limited and liquefied petroleum gas (LPG) producers to stop exporting the product by November 1. Speaking during a meeting with…

The Nigerian Exchange Limited (NGX) says N3.96 trillion was recorded from both domestic and foreign transactions between January and September 2024. The…

Group Managing Director, Rainoil Ltd, Gabriel Ogbechie, has asked Nigerians to prepare to pay full market prices for petroleum products as a result of the full deregulation of the downstream sector. After…

Mark Zuckerberg’s social media company, Meta, is bringing back its facial recognition software on Facebook to tackle the rising cases of celebrity scams also known as “celeb bait”scams, where scammers use images of…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has addressed reports credited to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso of FAAC disbursement resulting in…

The Nigerian flying public is set to witness a rise in domestic airfares from one of Nigeria’s major airlines, Air Peace, effective November 1, 2024. Nairametrics gathered this information from a viral internal…

The case filed by De Renaissance Patriots Foundation and Ibeju-Lekki Peoples Forum scheduled to come up for mention on Tuesday, October 22, 2024, was stalled by the absence of the judge, Lagos State Government,…

The Nigeria Customs Service (NCS) has issued a 30-day grace period for importers and agents to process and clear overtime containers and vehicles currently held at various commands, in line with provisions of the NCS Act…

The Dangote Group has described the reported lawsuit against the Nigerian National Petroleum Corporation (NNPC) Limited and other oil companies, seeking to revoke their import licenses, as “an old issue.” In a…

The UK aviation authorities have expressed readiness to discuss the issue of slot allocation to Air Peace, the Nigerian carrier, at the Heathrow Airport, London, TheCable can report. In response to a letter sent to…

The federal government has approved the sale of ExxonMobil’s onshore assets to Seplat Energy, more than two years after the $1.28 billion deal was initially agreed. The CEO of the Nigerian Upstream Petroleum…

Dangote Petroleum Refinery and Petrochemicals FZE has asked the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services…

The founder of leading investment management firm, ARM Holdings Company, Deji Alli, will step into the role of the chairman of the company following the retirement of Felix Ohiwerei from the firm. A…