Browsing Category
Business
PenCom gives employers until June 1 to adopt new pension remittance process
The National Pension Commission (PenCom) has set June 1 as the deadline for employers to fully adopt a new pension remittance process. The PenCom announced the launch of the pension contribution remittance system, a…
$100 million coin collection buried over 50 years found, ready for auction
A coin collection, much of which remained buried underground for over 50 years, is expected to surpass $100 million at auction, according to…
Africa’s Wealth Titans: Meet the 5 richest billionaires of 2025
Africa’s economic landscape in 2025 is shaped by visionary leaders who have amassed significant wealth through diverse industries. Here are the…
NNPC Limited assesses potential partners ahead of IPO
Nigeria’s national oil company, NNPC Limited on Thursday said it has begun the assessment of potential partners ahead of its Initial Public Offer at the Nigerian Stock Exchange, in line with the provisions of the…
LagRide drivers to protest as operators, Lagos Task Force plan vehicle impoundment
Drivers of LagRide, a government-backed ride-hailing platform, have resolved to stage a protest following a threat by the operators to involve the Lagos State Task Force in arresting them over alleged misconduct.…
FG Bows To Stakeholders’ Outcry, Suspends Contentious FRC Levy
The Financial Reporting Council of Nigeria’s (FRC) revenue stream may have been closed for some time due to a…
FG raises N1 trillion from Sukuk
… Builds 4,100 km Roads, 9 Bridges with Proceeds … Set to Raise Fresh N300 Billion The Federal Government has raised N1.092 trillion from the last six series of Sukuk, a Sharia-compliant financial instrument…
FG to halt solar panel imports, boost local production for clean energy transition
The federal government has announced plans to halt the importation of solar panels to promote local manufacturing and accelerate Nigeria’s transition to clean energy. Uche Nnaji, minister of science and…
Airtel, MTN Sign Network-Infrastructure-Sharing Deal In Nigeria, Uganda
MTN Group and Airtel Africa have agreed to share mobile phone network infrastructure in Nigeria and Uganda. Statements by the duo on Wednesday said the agreement is aimed at saving investments while…
Dangote polypropylene production will revive textile industry, save Nigeria $267m — MAN
The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the…
CBN plans fresh battle against forex speculators as naira slides
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the country’s foreign exchange market by identifying and eliminating bad…
Wema Bank shakes up Women’s month with ₦11M cash splash for 131 Women
Wema Bank has reaffirmed its commitment to women’s empowerment by disbursing a staggering ₦11,000,000 to 131 women across Nigeria. This remarkable gesture took centre stage during the Women’s Month edition of…
We’re Making Progress In Stabilising FX Market, Curbing Inflation – CBN
The Central Bank of Nigeria (CBN) is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy reforms start to yield results. Olayemi Cardoso,…
Dangote Donates 25,000 Bags of Rice In Kwara
The Aliko Dangote Foundation (ADF) has extended its Food Intervention Programme to Kwara State with 25,000 bags of 10kg rice set to be distributed…
Dangote Spreads Generosity to Katsina, Donates 35,000 Bags of Rice
The Aliko Dangote Foundation has donated 35,000 bags of rice to the poor and vulnerable people of Katsina State. This is coming two weeks after it…
What CBN did to Oceanic bank and Cecilia
The appointment of a new Governor of the Central Bank of Nigeria (CBN) under President Umaru Musa Yar’Adua marked the beginning of turbulent times for many of us in the banking industry. With his radical reforms, the…
Oceanic Bank: Our story – Cecilia Ibru
Last Saturday, March 22, 2025, was the 79th birthday of Dr. (Mrs.) Cecilia Ibru, Nigeria’s first female bank MD/CEO. To mark the birthday, she released two books, one titled “Cecilia: The autobiography of…
Tesla’s EU sales fall 49% in first two months of 2025
European sales of Tesla electric cars dropped 49 percent in January-February compared with the same period a year earlier, the ACEA manufacturers’ association said Tuesday. Ageing models are one factor…
Demand For Fx Rises As Naira’s Depreciation Continues
The depreciation of the local currency against the dollar continued yesterday as the naira exchanged for 1,540.57 at the official market, checks by Daily Trust indicated. This is coming against the backdrop of…
Samsung Electronics’ co-CEO, Han Jong-Hee dies at 63
Samsung Electronics co-Chief Executive Officer, Han Jong-Hee, at the age of 63, died on Tuesday after suffering a cardiac arrest. According to a Bloomberg report, the company’s spokesperson confirmed on Tuesday…
Zimbabwean billionaire, Masiyiwa says idea to build Africa’s 1st AI factory inspired by Dangote,…
Zimbabwean billionaire and founder of Cassava Technologies, Strive Masiyiwa, who just announced a partnership with Nvidia to launch Project Mufungi, Africa’s first AI factory, has said the idea was inspired by…
Elumelu to pocket over N7bn in UBA dividends
...As Bank proposes N3 final dividend …Full year profit rises to N766.568bn Tony Elumelu, chairman of United Bank for Africa Plc,…
Dangote refinery, others may import $1.4bn crude monthly
The Dangote Petroleum Refinery and some modular refineries in Nigeria may spend about $8.56bn to import an estimated 122,400,000 barrels of crude oil to achieve full operational capacity in six months, The PUNCH…
Fidelity Bank Equips Entrepreneurs For Global Trade Success
Tier-one lender, Fidelity Bank Plc, has hosted a training program for entrepreneurs interested…