Business

Halima Buba, the chief executive officer of SunTrust Bank Nigeria Limited, has been arraigned by the Economic and Financial Crimes Commission, EFCC, over…

Only two Tier 1 banks, Zenith Bank and Access Holdings Plc, have surpassed the N500 bn share capital and share premium threshold set by the Central Bank of Nigeria for banks with international licences, Proshare…

African Pay-TV operator, Multichoice Group, on Wednesday released its audited results for the year-ended March 31, 2025, revealing that its Nigerian operation lost 1.4 million in the last two years. While…

Residents and business owners in the north-eastern region are counting losses, following a blackout occasioned by the construction of a 330kV Turn-In and Turn-Out towers at the new Bauchi 330kV substation…

Nigeria’s foreign merchandise trade stood at ₦36,024.66 billion in Q1 2025, representing an increase of 6.19 percent compared to the value of ₦33,925.72 billion recorded in the corresponding period of Q1 2024. The…

The Federal Government, yesterday, said no final decision has been taken on the reported plan to obtain a $5 billion oil-backed loan from Saudi Arabia’s Aramco. The loan which is said to be part of the $21.5 billion…

The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN,…

The inflow of foreign exchange into the economy has peaked to a six-year high with foreign exchange (fx) inflows reaching $5.96bn in May, a report has indicated.   Data from FMDQ indicated that total inflows into…

The prolonged power tussle for the control of Nigeria’s premier financial institution, First Holdco Plc, the parent company of First Bank of Nigeria, may be…

Nigerian investors are finding significant value in mutual funds this year, as the asset class has delivered an…

The Central Bank of Nigeria (CBN) has extended the recapitalisation deadline of the Bureau De Change (BDC) operators to December 31, 2025. This…

The Securities and Exchange Commission (SEC), has directed all public companies and Registrars to stop treating unclaimed dividends older than 12 years as “statute-barred”, especially those dating from before the…

•Crude oil hits $67.50 per barrel THERE were indications, yesterday, that the pump prices of Automotive Gas Oil, AGO, also known as diesel and Premium Motor Spirit, PMS, also known as petrol would rise in the…

Investors on the Crypto Bridge Exchange (CBEX) platform are celebrating as trade volumes have been returned from a previous zero balance, sparking renewed confidence in the digital exchange’s operations. Traders…

Nigerians should be expecting significant changes in the oil sector as Aliko Dangote, the President of the Dangote Group and founder of the Dangote Petroleum Refinery, vowed to announce a ‘major shakedown’ soon.…

Crude oil refiners in Nigeria have cried out over their inability to access crude oil locally for their refineries, saying oil producers prefer selling crude to international traders in dollars The Publicity…

The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, on Monday, adduced reasons why he discontinued a fraud charge the Federal Government entered against the Managing Director and…

President of the Dangote Group, Aliko Dangote, recently informed President Bola Tinubu that his group of companies paid a whopping N450…

Nigerian oil magnate Mohammed Indimi’s daughters have amended their lawsuit instituted against his company, Oriental Energy, and are now admitting to have…

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in Punisher Coin, also known as Spun. In a notice on Saturday, the commission said its investigations showed that Spun is a meme coin…

American businesses are increasingly wary of investing in Nigeria due to complex regulations, policy unpredictability, and trade barriers, according to U.S. Ambassador to Nigeria, Richard Mills. Speaking in Lagos on…

…operators expect further price reduction by Dangote, others Six depot owners have reduced the prices of Premium Motor Spirit, PMS, also known as petrol as competition heightens in the downstream sector of…

Projects 40,000boepd output, 50 new electric buses rollout in 2025 Oando Plc, Nigeria’s foremost indigenous energy…

Streaming giant Netflix has increased its subscription prices in Nigeria for the first time in 2025, marking the third hike since 2024. According to updates on the company’s website, the Premium Plan now costs N8,500…