Business

Experts have cautioned the federal government not to be hasty in recapitalisation of commercial banks in the country, saying the government should consider the micro and macroeconomic indices before implementing the…

*Consumer loans up 34% as inflation, naira depreciation eat up households’ income  Consumer loans booked by banks’ customers rose by 34 per cent, year-on-year, to N2.64 trillion in the first half of this year,…

Many people who fall victim to cyber scams and end up losing their money or their valuables, do not report the fraud on the first day it happened, according to a new report by PalmPay, a Nigerian-based fintech…

The proposed bank recapitalisation announced by Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has left some industry stakeholders with questions, even as the move has been described as a…

Billionaire businessman, Aliko Dangote, has revealed plans to list his $20bn Dangote Petroleum Refinery on the Nigerian Exchange Limited. This plan is a major boost for the management of the local bourse who have…

Nigerians who have already  resorted to desperate measures to cushion the effects of difficult socio-economic conditions, are increasingly worried about…

The Kalahari Red sire ‘Sta Soft’ (777-20-051), bred and sold by Bushra Stud in Botswana, recently fetched a record price of R165,000 (BWP120,000) about N7.2 million at the annual Trifecta Elite Sale held at the National…

Chairman of Dangote Group, Aliko Dangote confirmed his refinery startup in December 2023, saying that 350,000 barrels per day is the first target of the refinery. He said this to the Financial Times (FT) in a…

Indications emerged on Saturday that the chief executive officers and other top executives of Deposit Money Banks had begun moves to raise fresh capital to bolster…

The greatest basketball player of all time has always been a matter of debate among basketball lovers about whether Michael Jordan is the best to ever play the game. His…

The Federal Government is partnering with Portland Gas to construct CNG conversion sites in the country. At the Portland Gas Green Park’s groundbreaking ceremony earlier this week, Farouk Ahmed, the Chief…

Nigeria’s oil and gas sector generated $764.52 billion from 1999 to 2021. This is according to Dr Ogbonnaya Orji, the Executive Secretary at the Nigerian Extractives Industries Transparency Initiative (NEITI). He…

A report by Cadre Harmonise (CH) has alerted that about 26.5 million people in 26 states of Nigeria will face a food crisis between June and August 2024. The research result is contained in the November Analysis…

Fatgbems a prominent player in the nation’s downstream oil sector has announced a restructuring which will transform…

After seeing his net worth dip below the $15.5-billion mark just ten days ago, Aliko Dangote, Africa’s wealthiest individual, has experienced a notable resurgence, surpassing…

In a routine move mirroring his earlier transactions towards the end of October, Nigerian billionaire businessman Femi Otedola has divested another one million units of his…

Olayemi Cardoso, Nigeria’s latest Central Bank governor, made his first policy speech since becoming governor in September, at the Chartered Institute of Bankers of Nigeria’s annual dinner in Lagos on Friday.…

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) on Friday defended the postponement of the Monetary Policy Committee (MPC) meeting, saying it has satisfied the statutory requirement of meeting four…

The Central Bank of Nigeria (CBN) has disclosed plans to increase the capital base of banks in the country. In his speech at the 2023 Bankers’ Dinner on…

The Central Bank of Nigeria (CBN) said it has set up foreign exchange frameworks to address the FX issues and has cleared the backlog with 31 banks. Yemi Cardoso, governor of the CBN disclosed this on Friday at…

MTN Nigeria Plc series 10 Commercial Paper (CP) offer of N72.104billion under its Commercial Paper issuance programme has opened. The 266 days CP which opened on Friday November 24 is offered at discounted rate of 14.…

Reports of scarcity have emerged across the country despite recent assurances by the Central Bank of Nigeria (CBN) that there is enough naira in circulation. A survey on Wednesday confirmed scarcity in some parts of…

Governor of the Central Bank of Nigeria Olayemi Cardozo will reportedly address the nation by 5…

Nigeria’s equities market failed to stay on the positive path on Wednesday as investors routed to take profit across tickers that have risen significantly this year. This negative was further fuelled by investors’…