Business

Hopes of a swift drop in the retail price of petrol were dashed yesterday as Dangote’s key fuel retail partners- MRS, AP, Heyden and three others, failed to implement a renewed deal of N890 per litre petrol price.…

Nigeria’s broad money supply (M3) surged to an all-time high of N114.2 trillion in March 2025, defying the Central Bank of Nigeria’s (CBN) ongoing monetary tightening efforts aimed at reining in inflation. M3, which…

The Central Bank of Nigeria (CBN) will soon begin sending secret shoppers to check if bureau de change (BDC) outlets are following the rules against money laundering and terrorism financing. This announcement…

The Chairman, House of Representatives Committee on Banking and Ancillary Institutions, Eze Nwachukwu Eze, has said the committee remains fully committed to…

French luxury group Hermes said Thursday it would hike its prices in the United States to offset the impact of 10-percent import tariffs imposed by President Donald…

The wave of asset divestment by international oil companies in Nigeria that started in 2022 has seen several local operators ramp up their…

The Federal Government of Nigeria has consoled Nigerians who invested their money into CBEX, the digital investment platform which collapsed early this week. Taiwo Oyedele, the chairman of the Presidential Fiscal…

The naira yesterday depreciated to N1, 620 per dollar in the parallel market from N1,618 per dollar on Tuesday. But, the Naira appreciated to N1,599 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data…

…My wife pushed me into it, victim recounts ordeal …I lost over $7,000, says another victim Irate investors in the early hours of yesterday stormed the office of Crypto Bridge Exchange Smart-Treasures, widely known…

The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide. The Federal Government agencies declared this on Wednesday…

Access Holdings Plc recorded a profit after tax of N642.2bn for the financial year ended December 31, 2024. This marked a four per cent increase from the N619.3bn reported in 2023. The group’s audited financial…

……FCT Minister, Kogi Gov applaud ADF   The Federal Capital Territory(FCT) Abuja and the Kogi State Government have received…

In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down…

The Economic and Financial Crimes Commission (EFCC) has reiterated it warned Nigerians against falling for Ponzi schemes, as outrage grows over the alleged N1.3 trillion fraud linked to the digital investment platform…

The Federal Government of Nigeria has owned up to owing the Power Generation Companies (GenCos) for electricity generated the whopping debt of N4 trillion. It also said plans were already underway to offset the hefty…

Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, says residents of Lagos State have spent an estimated N14tn to buy fuel for their power generators annually. Ogunleye said there are about 4.5…

The Economic and Financial Crimes Commission (EFCC) in Tuesday assured some Nigerian investors that it was working with INTERPOL to fish out the operators of the crashed digital trading platform, CBEX. Adele Oyewale,…

Amid mounting outrage in Nigeria over the operations of CBEX Group, which resulted in significant financial losses for many, SaharaReporters has obtained a document revealing that authorities in Hong Kong had flagged the…

Adegboyega Oyetola, minister of maritime and blue economy, has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process for the disbursement of the cabotage vessel…

Imports of Premium Motor Spirit (PMS), popularly known as petrol, fell by 30 million litres between January and August 2024. This is according to the latest Nigerian Midstream and Downstream Petroleum Regulatory…

Nigeria’s annual inflation rate rose for the first time since the data was rebased in January, advancing even before the fallout from a global trade war is felt.…

A BofA Global Research published on Tuesday has highlighted that global investors have cut their holdings of U.S. stocks by a record amount in the past two months.  The move spells a trend that is likely to continue,…

A major digital scam has hit Nigerian investors as CBEX, a supposed AI-driven asset trading platform promising a 100 per cent return on investment in just 30 days, has reportedly crashed—vanishing with over ₦1.3 trillion.…

As the race for commercial banks’ recapitalisation peaks and the global commerce landscape quakes in the face of the raging US-China tariff war, the Central Bank of Nigeria (CBN) has assured Nigerians not to panic as…