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Courts jail convicted fraudster for over N1 billion investment fraud in Ibadan
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…
Elon Musk, Jeff Bezos, other billionaires lose $300 billion in Trump’s first 100 days
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…
Naira maintains stability amid external reserves’ decline
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 declares profit of N133.7bn, first since 2023
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’s 12th AGM Affirms Dividend, Closes FY 2024 With ₦7.1 Trillion In Total Assets
FCMB Group Plc convened its 12th Annual General Meeting (AGM) in Lagos on April 29, 2025, where shareholders endorsed the Group’s 2024…
Dangote Sugar grows turnover by 51%, to provide 75,000 jobs
The chairman of Dangote Sugar Refinery Plc, Alikoa Dangote has revealed that the company’s…
Mele Kyari’s henchmen fired in major restructuring at NNPC
In a significant restructuring of its management, the Nigerian National Petroleum Company (NNPC) Ltd has terminated the services of a number of…
Tantalizers to raise N2.50bn via hybrid offer, eyes merger
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…
White House launches attack on Amazon over ‘hostile’ plan to display tariff cost on each…
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…
NNPCL under fire as $897m Warri refinery revamp flops
Warri refinery shutdown drags on since January 25, P/Harcourt refinery struggles at under 40% production capacity
Industry operators and experts have questioned…
Naira Redesign: Court strikes out N1bn suit against Buhari, Emefiele
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…
Wanted CBEX promoter surrenders to EFCC
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…
52 New Dangote Petroleum Trainee Engineers complete training programme
…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…
Spotify pays $100 million to podcast creators in first quarter
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 reacts to allegations of ex-worker secretly filming female colleagues
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…
Nigerian banks earn N5.93 trillion from investing in Treasury bills, OMO bills, others in 2024
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…
Shoppers In Lagos’ Open Markets To Buy Nylon Bags By Year-End
By the end of 2025, sellers in open markets scattered over Lagos will stop giving out free polythene bags, otherwise…
Solar panel import ban may trigger 150% price surge, worsen energy cost crisis
• Nigeria awaits 1,531MW plants
• Fear over cartel as oil majors may control $50b market
Nigeria…
Manufacturers Battle For Suvival As Energy Cost Rises
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…
BUA Cement three-month revenue hits N290.8bn
BUA Cement Plc has reported a revenue of N290.8bn for the three months ended March 31, 2025, representing an increase of 80.5 per cent compared to N161.1bn recorded in the corresponding period of 2024.
The unaudited…
Dangote Cement posts N209.2bn profit in Q1
Dangote Cement Plc recorded a profit after tax of N209.2bn for the first quarter ended 31 March 2025, representing an increase of 85.7 per cent compared to the N112.7bn recorded in the corresponding period of 2024.…
50kg rice price dropped to N58,000 in Nigeria — Report
The price of a 50kg bag of rice has dropped to N58,000 in some parts of Nigeria, particularly around remote areas, amid imports from the Republic of Benin, a report by S&P Global has said.
The report said…
Supreme Court Overturns N22trn Judgment Against Union Bank
The Supreme Court has overturned a 2014 Federal High Court judgment that awarded more than N22 trillion against Union Bank and other parties.
The case arose from a suit filed by Visana Nigeria Limited, which claimed…
Dangote Shares Food To Victims Of Fire Disaster
…Feeds 60,000 Families In Taraba, Jigawa
Victims of inferno, physically challenge and poor families are some of the beneficiaries of the Aliko…