Business

Chairman of BUA Group, Abdul Samad Rabiu, on Thursday announced that the company has agreed to freeze the price of cement for all contractors engaged in projects under the Federal Government’s Renewed Hope agenda, as…

Energy major Shell Plc paid $5.34 billion to the Nigerian government in 2024, the largest amount it remitted to any country, even as it continues to divest from its onshore oil operations in Africa’s largest crude…

Access Holdings Plc has bowed to shareholder pressure, pledging to pay an interim dividend of N1 per share in 2025, more than double the 45 kobo interim payout recorded last year. The commitment was made during the…

            The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March. NBS announced the increase in its consumer price index…

The World Bank has faulted the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) policy, calling for adjustments to enhance its effectiveness. This was highlighted in the World Bank’s Nigeria Development…

The Federal High Court in Port Harcourt has dismissed an application filed by General Hydrocarbons Limited (GHL). The company had sought to serve a previous court verdict—concerning the arrest and detention of crude…

The Speaker of the House of Representatives, Abbas Tajudeen, has raised alarm regarding reports that over 75% of Nigerian-bound imported goods are being offloaded in the Benin Republic. The Speaker raised the alarm…

The Economic and Financial Crimes Commission (EFCC) has taken Elie Bitar, a foreign national, off its wanted list for crypto bridge exchange (CBEX) fraud. On April 30, the EFCC declared Bitar wanted for alleged fraud…

The World Bank has revealed that the Nigerian National Petroleum Company Limited has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to the Federation Account.…

The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja. However, the price adjustment has not…

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has asked Nigerians to engage more with…

… Targets massive remittances  The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number…

Oil marketers have declared that the Dangote Petroleum Refinery and others in Nigeria may raise the pump price of petrol to N1,500 per litre once there is an outright ban on fuel importation. While the National…

Rice glut in global market has crashed the price of Thailand parboiled specie from $502 to $390 per tonne or $7.8 (N12,480) per 50 kilogrammes bag, leading…

The United States lawmakers have proposed a bill seeking to impose a 5 percent tax on remittances sent abroad. According to a draft of the…

The Federal Government has begun moves to initiate sweeping reforms to revitalise the nation’s electricity distribution sector, starting with a pilot overhaul of two underperforming distribution companies. The…

The Central Bank of Nigeria, CBN, on Monday reiterated its stance that it has not authorised any intermediary claiming to offer contracts, financial grants, or intervention funds to the public on its behalf.…

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic…

Dangote Petroleum Refinery has slashed the gantry price Premium Motor Spirit, PMS, also known as petrol to ₦825 per litre from N835 per litre as competition continues in the domestic market. Last month, the…

APM Terminals Apapa has recorded its highest volume of Nigerian exports in one month since inception in 2006. This was made known in a press statement made available to the media on Sunday. The terminal had in April…

The African Initiative Against Abuse of Public Trust, a civil society organisation, has filed a lawsuit at the Federal High Court in Abuja against the Asset…

…Offers Automatic jobs To Best graduating Students   Group President of the Dangote Industries Limited (DIL), Aliko Dangote, has announced the…

The Central Bank of Nigeria earned N3.1bn as interest on the Federal Government’s overdraft facility in 2024, down sharply from the N1.6tn it earned in 2023, figures from the apex bank’s audited financial…

Electricity consumers in the lower bands across Nigeria have accused the power Distribution Companies (DisCos) of neglect and…