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Business
FMCG firms ride on naira stability, grow profits by 100%
The relatively stable naira in the first quarter is beginning to produce measurable and positive outcomes for several firms operating within the…
Over 75% of Lagos food supply from other states, says LASG
• Says Epe food, logistics hub will push state’s food value chain to N14 trillion
• Ekiti to target 200,000…
My battle is with major marketers, not new NNPC leadership — Dangote
President of the Dangote Group, Aliko Dangote, has clarified that the ongoing efforts to undermine his $20 billion refinery project are being driven by major oil marketers and traders—not the newly appointed leadership…
EFCC in Legal Mess After Wrongly Declaring Elie Bitar Wanted for CBEX Fraud – Report
Emerging information indicates that the Economic and Financial Crimes Commission (EFCC)’s declaration of Elie Bitar, a Lebanese national, as a wanted man over the CBEX ponzi scheme may have been wrong, FIJ can report.
In…
Shell Considering Acquisition Of BP Plc— Report
Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, Bloomberg News has reported.
The report said the international oil major is waiting for further stock and oil price declines…
Virgin Atlantic, BA exclude Nigeria from worldwide promo fares
Virgin Atlantic and British Airways, two major UK carriers, have excluded Nigeria from their promo fares currently running across several countries.
The…
Airtel Africa, SpaceX plan to deploy Starlink in rural areas
Airtel Africa has sealed a deal with SpaceX to roll out Starlink’s high-speed satellite internet across nine of its 14 African markets.
The move is to supercharge connectivity in rural areas, the operator said in a…
CBN cuts Ways & Means by 59% in boost for reforms
... N9.4trn FX revaluation loss wipes out operating gains
... Liquidity management costs N3trn
The Central Bank of Nigeria…
Dangote thanks President Tinubu for the revolutionary change in the Oil and Gas sector to save…
President of Dangote Group, Aliko Dangote has praised President Bola Ahmed Tinubu for assembling a capable leadership team at the NNPC, highlighting the…
Tinubu bans procurement of foreign goods produced locally
IN a bid to strengthen Nigeria’s domestic economy and promote local content, President Bola Tinubu has initiated a policy that bars the Ministries, Departments and Agencies, MDAs, from procuring foreign goods…
Naira appreciates to N1,600/$ in parallel market
THE naira yesterday appreciated to N1, 600 per dollar in the parallel market from N1,610 per dollar last weekend. Similarly, the Naira recorded slight appreciation to N1,605 per dollar in the Nigerian Foreign Exchange…
FG rolls out loan initiative for creatives, entrepreneurs
The Federal Ministry of Art, Culture, Tourism, and Creative Economy has announced the introduction of the Creative Economy Development Fund which is tailored to roll out loan opportunities for creatives.
In a statement by…
$37b InfraCorp in limbo five years after N1 trillion investment
70% shareholding held by apex bank, says financial statement
• Initiative is stillborn, says…
How estate agents’ unprofessional conducts influence rent
Unprofessional practices by estate agents in major cities are significantly influencing the spike in rent and worsening the housing…
Trump drops African Development Bank, creating $500m funding headache
The continent faces a fresh blow; part of sweeping budget cuts proposed by the new Trump…
Crude oil price falls below $60, stoking fears of weaker naira and wider deficits
Nigeria is staring down the barrel of twin macroeconomic shocks as Brent crude prices plunge below $60 per barrel.
This development could destabilize the country’s fragile exchange rate regime and widen an…
How AGF report, refinery scandal ended Kyari’s reign
... Nigerians demand full probe
In one month, Mele Kyari has moved from the…
Naira printing costs skyrocket by 306%
The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared to N77.67bn recorded in 2023, the apex bank’s audited financial statement for the…
‘Cabals’ still fighting against our refinery — Dangote
The President of Dangote Group, Alhaji Aliko Dangote, says he is still fighting for the survival of his $20bn refinery, stressing that the fight is not yet finished.
Dangote expressed optimism that he would win the…
Tinubu to meet GenCos leadership over N4trn debt
The Minister of Power, Mr Adebayo Adelabu on Sunday said that a meeting has been scheduled between President Bola Tinubu and the leadership of…
Inflation erodes banks’profits, jerks up costs
…As gross earnings still on rising streak
•Bad loans headache also rising•Their strengths, weaknesses
As the monetary policy and macroeconomic environment evolve under the current Federal Government’s…
Zenith Bank, Nine Others Begin 2025 on Positive Momentum, Report N1.83 Trillion Profit in Q1
Zenith Bank Plc and nine other Deposit Money Banks (DMBs) commenced 2025 on a positive momentum, generating an estimated N1.83 trillion profit before tax in…
Exit threat doesn’t absolve you of liabilities – FCCPC tells Meta
The Federal Competition and Consumer Protection Commission (FCCPC) has asked Meta Platforms Inc. to comply with Nigerian laws, stressing that the firm’s…
Meta Threatens To Cut Off Facebook In Nigeria Over Huge Fines
People in Nigeria may lose access to Facebook and Instagram after their parent company, Meta said it faced large fines and “unrealistic”…