Business

The Nigerian Electricity Regulatory Commission, on Monday, announced the dissolution of the board of directors of Kaduna Electricity Distribution Company over the Disco’s inability to pay N110bn debt owed to the Nigeria…

Nigerian billionaire businessman Aliko Dangote has witnessed a remarkable financial turnaround, gaining more than $100 million in the first week of 2024 and propelling his net worth…

In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) says it has disbursed approximately $61.64 million to…

The Federal Government is set to sack the boards of Union Bank Limited and Titan Trust Bank Limited next week in a move to take over the two financial service institutions effectively, A source with knowledge of the move…

Dangote group says to its knowledge, no accusation of wrong-going has so far been made against of the companies in the group despite the show-stopping raid on the conglomerate’s Lagos headquarters on Friday. In a one-page statement in…

On Wednesday, MultiChoice Group revealed that it had failed to acquire the broadcasting rights for the African Cup Of Nations (AFCON).  The broadcast powerhouse said its SuperSport channel is unlikely to…

Bua group has clarified that operatives of the Economic and Financial Crimes Commission (EFCC), on Thursday, did not raid its headquarters in Lagos.The company made the clarification in a statement.“BUA wishes to clarify…

• Testing new lows at NAFEM as dealers trade with caution Naira may be facing its first major test a few days into the year after a…

Every week since its release on 15 December 2023, ‘A Tribe Called Judah’ has broken a record: the biggest weekend opening in Nollywood; the largest opening for a female director ever; the highest grossing Nollywood film…

Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank, TheCable can…

Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike…

Nigeria spent N2.7 trillion to import premium motor spirit (PMS), diesel and jet fuel in the third quarter of 2023,…

THE Lagos Chamber of Commerce and Industry, LCCI, has called on the federal government to provide more detailed plans and strategies to tackle the critical socio-economic, and security challenges facing the nation.…

First City Monument Bank (FCMB), a leading supporter of small and medium-sized enterprises (SMEs) in Nigeria, has extended credit totalling N1.343 trillion…

Shawn “Jay-Z” Carter, hip-hop’s first billionaire and one of America’s leading Black billionaires, experienced a staggering $1.3-billion surge in his net worth in 2023 —…

Nigeria Employers’ Consultative Association, NECA, has warned that there will not be any significant growth in the nation’s economic outlook in the next six months, saying the economy will remain bleak. However, NECA, the…

Commercial banks have commenced a massive recovery of the loans disbursed to Nigerians to cushion the economic impact of the coronavirus pandemic. Several beneficiaries have been jolted by the deductions of thousands of…

The chief executive officer of Airtel Africa, Olusegun Ogunsanya, will retire on July 1, 2024, and will be succeeded by Sunil Taldar. Airtel Africa disclosed this in a press release on its website on Tuesday. The company…

The Founder of Meta, Mark Zuckerberg has overtaken legendary investor Warren Buffett in riches by $7bn, according to Forbes Billionaire Index. Zuckerberg’s net worth now boasts $125bn, while Buffett finds himself in the…

•NIMC offices besieged, ALTON rallies users As expected, telecommunications operators have started messaging subscribers…

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again over the removal of subsidy on petrol. This came…

The Nigeria National Petroleum Corporation Limited (NNPCL) has delivered an additional one million barrels of crude oil to the Dangote Refinery, marking the fourth such delivery in a series over the past few weeks.…

Some members of the Board of the Central Bank of Nigeria have told Daily Trust in confidence that the Special Investigator to the CBN, Jim Obazee neither interviewed nor contacted them for their input into the…

Electricity Distribution Companies (DisCos) in Nigeria will hike their tariffs with effect from January 1, 2024. A source from one of the electricity distribution companies who confirmed the development said a virtual…