Business

Guinness Nigeria, a major beverage maker, has announced an upward review in the prices of some products. In a memo dated November 8,…

Internet company, Starlink, has temporarily halted new sign-ups in several African cities due to overwhelming demand. The billionaire businessman Elon Musk confirmed in a tweet on X (formerly Twitter) sighted on…

The Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief…

The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press…

The Nigeria Deposit Insurance Corporation (NDIC) is set to commence the auction of landed properties and chattels belonging to the defunct Heritage Bank, starting Wednesday, December 4, 2024. This initiative is part of…

A renowned economist, Kelvin Emmanuel, has said the Nigerian government has not effectively implemented a Naira-for-crude deal with Dangote Refinery.…

Fitch Solutions, a financial intelligence service provider, has predicted that the naira would slide to as low as N1,993 per dollar in 2028, severely impacting Nigeria’s pharmaceutical industry to import medical…

The cost of building materials in Nigeria has risen sharply, exacerbating the country’s already dire housing crisis and threatening to undermine the government’s efforts to provide affordable homes for citizens. As of…

Bitcoin, the world’s most valuable cryptocurrency, surged to over $80,000 for the first time on Sunday. On Wednesday, Bitcoin price cros $75,000, the same day Donald Trump, a Republican Party candidate, won…

...Company, subsidiaries win big at FIRS, FMDQ awards   It was a season of award at the weekend for the Dangote…

The Chairman of the Presidential Tax Reform Committee, Mr. Taiwo Oyedele, has raised the alarm that businesses will suffer while the economy would…

The Apapa Area One  Command of the Nigeria Customs Service (NCS) announced Monday that it has collected over N1.8 trillion in…

The obsession for foreign currency, specifically the US Dollar, has driven investors towards dollar denominated financial assets in the mutual funds segment…

The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, Saturday PUNCH can confirm. A highly credible source, who confirmed this exclusively to one of our…

First City Monument Bank (FCMB) has boosted it’s energy finance loan, offering up to ₦30 million to help Nigerian households and small businesses…

Julius Berger Nigeria PLC has announced the appointment of Dr. Mohammed Indimi, OFR, as a Non-Executive Director. This was disclosed on November 8, 2024, through an official statement published on the Nigerian Exchange…

The Central Bank of Nigeria (CBN) has, in new guidelines, clarified that commercial, merchant and non-interest banks (CMNIBs) should allow participants to convert their Internationally Tradable Foreign Currency…

For about 18 months now, Nigerian companies have been haunted by the devaluation of the Naira. With the Naira depreciating by over 70 percent in less than a year, companies reliant on imported inputs have faced…

The Central Bank of Nigeria (CBN) has given the green light to the commercial, merchant, and non-interest banks operating in Nigeria to trade with tradeable foreign currencies deposited in dorm accounts created…

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has announced that Nigeria’s foreign exchange reserves have reached over $40bn, marking their highest level in 33 months. He made the disclosure…

The wealth of billionaire Tesla and X owner, Elon Musk, has soared by about $13 billion hours after his ally, Donald Trump, won the United States presidential election. Early Wednesday, investors said Trump’s…

Vitol Group, Trafigura Group and BP Plc are the dominant buyers of fuels from Nigeria’s giant new Dangote oil refinery near Lagos that’s reshaping petroleum trading in Africa and Europe. The trio have accounted…

Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer…

The Naira yesterday appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday. Similarly , the Naira appreciated to N1,671.32 per dollar in the Nigerian Autonomous Foreign Exchange…