Business

The Federal High Court in Lagos has dismissed two applications filed by Nigerian energy magnate ABC Orjiakor, and associated firms in an alleged $101-million bankruptcy case brought…

Nigeria is expected to lay its hands on the long-awaited foreign exchange support facility from Afreximbank today as the government of Africa’s most populous nation looks to ease the acute FX shortage that has…

Chairman of the BUA Group,  Abdul-Samad Rabiu, said yesterday said the company would maintain its promise of selling cement at the price of N3,500 from January 2024. He said this while speaking with State House…

The naira fell to a low of N1043.09/$ on the official Investor and Exporter foreign exchange window on Thursday. This represents a 19.54 per cent decline from the N872.59/$ it closed on Wednesday according to data from…

The Corporate Affairs Commission has announced an extension of time for companies to submit their annual returns, allowing for a revised timeline from January 1, 2024, to April 1, 2024. This was disclosed in a statement seen by…

Four customers of First City Monument Bank (FCMB) became instant millionaires at the final draws of Millionaire Promo Season 9 held on Wednesday, December 13, 2023.…

The Special Investigator probing the activities of the Central Bank of Nigeria (CBN) and Other Related Entities, Mr. Jim Obazee, yesterday rejected an excuse by the Chairman of Titan Trust Bank Limited, Mr. Tunde…

The Federal Competition and Consumer Protection Commission (FCCPC) has slammed a penalty of $110 million on British American Tobacco Nigeria (BATN) Limited…

The Federal Government via the Federal Competition and Consumer Protection Commission is projected to increase regulations for the digital lending space in 2024. The regulations will improve loan recovery methods in the…

Riverside LNG, a Nigerian-based energy company, has revealed ongoing discussions regarding a potential agreement to supply gas to South Africa from the first quarter of 2024.   This would mark the first such deal between…

The World Bank has said Diaspora remittance into Nigeria is expected to exceed $20bn by the end of the year as total remittances into the Sub-Saharan Africa region…

The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country's banking sector. The apex bank…

The rising cost of clearing goods in Nigerian ports is a big threat to the livelihood of licensed customs agents. ANOZIE EGOLE looks at the new lines of businesses they are exploring to stay afloat Numerous challenges are…

Nigeria’s external reserves have depleted by 11.55 per cent ($4.28 billion) year-to-date as the naira has steadily fallen against the dollar in 2023. Data from the Central Bank of Nigeria (CBN) showed that external…

“A Tribe Called Judah,” directed by Funke Akindele, has made headlines in the Nollywood film industry by achieving the title of the highest-grossing film in 2023. With a remarkable box office earnings of 400 million…

The naira traded relatively close to its lows in the P2P and physical black market, while the dollar varied around five-month lows as growing bets on the Federal Reserve cutting interest rates in 2024 were sparked by…

Tropical General Investments (TGI) Group, a formidable global conglomerate, is making waves with a strategic focus on emerging markets across Africa, the Middle East, and Asia. TGI Group’s investments are centered on…

Uganda said it extended an oil exploration license to Nigeria’s Oranto Petroleum Ltd. by two years after the company asked for compensation for time lost during the Covid-19 pandemic. The permit had been due to expire…

Nigeria floating liquefaction specialist UTM Offshore has finalised an important deal that see the government of Delta State joining state-owned NNPC in acquiring a significant stake in its Yoho Floating Liquefied…

Access Holdings, a multinational financial services group in Nigeria, has announced the appointment of Abubakar Jimoh as the chairman of the Board of Directors. In a statement on Friday, the company said the appointment…

The team of the Special Investigator has issued a fresh invitation to the chairman of Titan Trust Bank, Tunde Lemo to appear before it on December 28 to update his…

Union Bank of Nigeria Plc and Titan Trust Bank (TTB), face an uncertain future following the latest special investigation report on the activities of the central bank under Godwin Emefiele. Union Bank, which recently…

The ranking of the African continent’s 11 richest people as per real-time net worth figures from Forbes as of November 22 2023 puts Nigerian billionaire businessman, Aliko Dangote on top. Earlier in January 2023, Forbes…

F.A Oil Limited, a company owned by Nigerian billionaire and Africa’s richest woman, Folorunso Alakija, has been awarded exploration rights in six offshore oil blocks, following the issuance of a Petroleum Licencing…