Business

Simba Group, a leader in renewable energy, has unveiled the Simba Solar ‘Talegent’ Series of solutions. This latest offering is designed to simplify the switch to…

**Accts without BVN, registered SIM affected •CBN should consider Nigerians in    diaspora — Consumer Group As the deadline given to banks to link all bank accounts to NIN elapsed last Thursday, many banks in the…

A trained crypto investigator Obinna Iwuno says traders on cryptocurrency trading website Binance are not anonymous as they can be traced. Iwuno, who is the President of the Stakeholders in Blockchain Technology…

Guaranty Trust Bank (Ghana) Limited has assured that it is working with relevant government agencies and customers in Ghana to resolve the trade related issues. According to a press release from its Corporate…

The Chief Financial Officer of MTN Nigeria, Modupe Kadri, has lamented the inability of the telecom operators in the country to pass the increasing costs of operations to the subscribers. Kadri, who stated this during a…

Meta's Communications director, Andy Stone, has acknowledged that they are aware users are having trouble assessing their accounts adding that "We are working on this…

Dangote Sugar Refinery Plc, a major operator in the production, refining, and marketing of sugarin Nigeria, has reported its first loss in at least 13 years, according to a BusinessDay analysis. A growing number of…

Tony Attah has assumed the role of Chief Executive Officer at Renaissance, a Nigerian consortium that acquired in a deal valued at $2.4 billion. Africa Oil & Gas Report, an energy intelligence publication said Attah…

Africa’s richest man Aliko Dangote is planning to set up an oil trading arm, likely based in London, to help run crude and product supplies for his new refinery in Nigeria, six sources familiar with the matter said. The…

Crypto trading platform,  Binance, has advised Nigerians trading on its exchange to withdraw all their NGN assets as it discontinues services in the country.  This comes amidst ongoing rancour with the Nigerian…

Amazon founder Jeff Bezos took back his spot as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Bezos’ net worth stands at $200 billion, according to the tracker, surpassing…

Naira, on Monday, depreciated to N1,620/$ at the parallel section of the foreign exchange market. The figure represents N20 or 1.25 percent depreciation compared to the N1,600 it traded on March 1, 2024. Speaking to…

The House of Representatives, on Monday, called for the arrest of the top executives of Binance Holdings Limited, which is facing fraud allegations. Binance, a cryptocurrency exchange platform, was accused of exploiting…

The organised private sector has expressed concern about the spate of looting of trucks conveying food and raw materials by suspected hoodlums, warning that it can lead to a shutdown of industries across the country.…

The Central Bank of Nigeria (CBN) has announced a 5.3% reduction in the exchange rate for computing Customs duties at the nation’s seaports. The Customs FX duty rate has been revised from N1630.159/$ to N1,544.081/$ as of…

The Nigerian National Assembly has agreed to issue warrants of arrest against executives of cryptocurrency platform, Binance. This decision came after a resolution was passed to that effect  by the House of Representatives…

Transcorp Power Plc is listed on the Nigeria Exchange on Monday, March 4th gaining 10% and closing at a share price of N264 per share.   This gives us a valuation of N1.98 trillion meaning it gained a whopping N180 billion…

The Central Bank of Nigeria (CBN), on Friday attracted $530 million from Foreign Portfolio Investors, FPIs during the sale of N1.053 trillion worth of Treasury bill sales held on Friday. The CBN offered N500 Billion at…

The Central Bank of Nigeria (CBN) said it successfully concluded a sale of government securities, issuing N1.053 trillion (about $680 million) in short-term instruments as part…

The naira is likely to maintain gains this week, after appreciating for three straight days following the Central Bank of Nigeria’s move last week to increase the Monetary Policy Rate (MPR) by a record among other reforms…

EFFORTS by the Federal Government to curb the rising inflation will lead to N5 trillion cash mop up from the banking industry as the Central Bank of Nigeria, CBN implements the hike in banks’ Cash Reserve Ratio, CRR to 45…

Algrain Foods Limited was a customer of First City Monument Bank (FCMB) and First Bank of Nigeria Limited (FBNL) and both Banks advanced credit facilities to…

INDICATIONS have emerged that more multinational corporations and indigenous companies operating in the country risk more Foreign Exchange losses as exchange rate woes continue to pose a challenge to their operations.…

The relentless surge in diesel prices, now exceeding N1,700 per litre, is delivering a crippling blow to Nigerian businesses already struggling with chronic power outages, according to findings by BusinessDay. The…