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Tension rises as CBEX empties investors’ accounts
There is growing tension among users of CBEX, a popular cryptocurrency and forex trading platform, following reports that the company has emptied the accounts of hundreds of investors without prior notice. CBEX,…
IPMAN warns against losses as SGR sells petrol at N899/litre
As the Federal Government ordered the return of the naira-for-crude policy, the Independent Petroleum Marketers Association of Nigeria has warned marketers and importers against the losses that may follow any sudden price…
Access Bank gets final approval for Kenya’s National Bank takeover
The Central Bank of Kenya and the National Treasury have given the green light for Nigerian lender Access Bank PLC to acquire the struggling National Bank of Kenya, marking a key step forward in the nearly year-long…
GenCos threaten shutdown over N4tn electricity debt
The 23 power generation companies in Nigeria have warned that they can no longer guarantee a steady electricity supply due to the worsening liquidity crisis in the electricity market, with outstanding debts now exceeding…
FCMB’s Training Programme Is Transforming Our Business – Entrepreneurs
Dozens of entrepreneurs across Nigeria's southwest are crediting a recent business training programme for helping them improve how they run their businesses…
Nigeria must aggressively invest in gas, reinstate PPAs – Barth Nnaji
Barth Nnaji, former minister of power has made a strong case for Nigeria to aggressively pursue investments in its natural gas sector and reinstate previously suspended Power Purchase Agreements (PPAs) in a…
Naira fall temporary as analysts bet on rebound
The naira has weakened against the dollar on the back of Donald Trump's tariff turmoil that has triggered…
Fintechs outpace telcos in mobile money race
Fintech operators like Opay and PalmPay led Nigeria’s mobile money transactions haul of N79.55 trillion in 2024, a 69.58 percent increase from…
Scottish boarding school becomes first in UK to accept bitcoin for fees payment
Lomond School in Helensburgh, Argyll and Bute, has become the first UK private school to accept tuition payments in Bitcoin. The independent boarding school, which charges up to £38,000 per year, said the move followed…
The richest female shareholders on the Nigerian Stock Market 2025 Q1
As Nigeria’s capital market closed the first quarter of 2025 on a bullish note, a number of influential women stood out not just for breaking glass ceilings, but for holding billions in equity across some of the…
Geregu Power reports N13 billion profit in Q1 2025, posts N31.7 billion revenue
Geregu Power Plc has published its interim financial statements for the first quarter ended March 31, 2025, reporting a pre-tax profit of N13.01 billion. This indicates a decline of 40.57% from the N21.9 billion…
House bill to stop age restrictions in banking employment sparks concerns
…as banks risk suspension of operating licence Financial and economic analysts have raised concerns over a proposed bill at the House of Representatives which seeks to prohibit age restrictions for the…
Nigeria’s oil reserves to run out in 64 years, says NUPRC
Nigeria’s crude oil reserves have been projected to last for another 64 years, while its gas reserves could sustain the country for 93…
Lagos to monetise idle assets, raise green bond to fund infrastructure
In a bold move to bridge its over N10 trillion infrastructure funding gap, the Lagos state government has spoken of plans to monetise its idle assets and raise a green bond. Governor Babajide Sanwo-Olu, who was…
J.P. Morgan warns investors of rising risks for Nigeria as oil prices fall and Trump’s tariffs…
U.S. investment bank J.P. Morgan has urged investors to exit long positions in Nigerian Open Market Operation (OMO) bills, warning that global risks—driven by falling oil prices and renewed trade tensions—could deepen…
JUST IN: China strikes back with 125% tariffs on U.S. goods, starting April 12
China has retaliated against the U.S. President Donald Trump's reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, Customs Tariff Commission of the State Council said in a statement on Friday,…
Decline in Oil Prices Will Push Nigeria’s Current Account Balance into Deficit – J.P Morgan
•Says foreign portfolio outflows likely to accelerate •Fitch: trade tensions, aid cuts to Nigeria, others won’t trigger downgrades Global financial…
8 DisCos fined N628m for overbilling unmetered customers
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned eight power distribution companies (DisCos) for noncompliance with the capping of estimated bills for unmetered customers. A statement yesterday, NERC…
MTN Plans Second Public Offer in Nigeria
African telecommunications giant, MTN Group, has announced plans to reduce its shareholding in MTN Nigeria through a public offer as it foresees the return…
Nigeria’s Eurobond rises to record high as trade war sparks massive selloffs
In a dramatic turn of events, Nigeria’s Eurobond market has come under heavy pressure, echoing the shockwaves rippling through global financial markets. A bold and controversial move by U.S. President Donald Trump, who…
Dangote Cement: King at home, but struggling to impose in Africa
Have Dangote Cement’s pan-African operations plateaued as Chinese competition grows? In 2024, Dangote Cement soared past…
Subsidy Claims: First Bank Ordered To Refund N1.07bn Erroneously Received
A Federal High Court, Lagos, has ordered First Bank Plc, to refund the sum of N1, 071,227,023.00 billion, erroneously received from Debt Management Office (DMO) as subsidy claims, Excess Bank interest and Foreign…
Who is Igho Sanomi, man at the centre of the $380m Taleveras‑NLNG court victory?
The Taleveras founder’s latest court victory highlights the intricate legal and financial manoeuvres that define Nigeria’s oil trade.…
Dangote, Chagoury, Aliu: Meet the winners and losers of Kyari’s NNPC exit
President Tinubu’s dismissal of NNPC CEO Mele Kyari has sent ripples through Nigeria’s oil sector, creating opportunities for some……