Business

The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide. The Federal Government agencies declared this on Wednesday…

Access Holdings Plc recorded a profit after tax of N642.2bn for the financial year ended December 31, 2024. This marked a four per cent increase from the N619.3bn reported in 2023. The group’s audited financial…

……FCT Minister, Kogi Gov applaud ADF   The Federal Capital Territory(FCT) Abuja and the Kogi State Government have received…

In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down…

The Economic and Financial Crimes Commission (EFCC) has reiterated it warned Nigerians against falling for Ponzi schemes, as outrage grows over the alleged N1.3 trillion fraud linked to the digital investment platform…

The Federal Government of Nigeria has owned up to owing the Power Generation Companies (GenCos) for electricity generated the whopping debt of N4 trillion. It also said plans were already underway to offset the hefty…

Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, says residents of Lagos State have spent an estimated N14tn to buy fuel for their power generators annually. Ogunleye said there are about 4.5…

The Economic and Financial Crimes Commission (EFCC) in Tuesday assured some Nigerian investors that it was working with INTERPOL to fish out the operators of the crashed digital trading platform, CBEX. Adele Oyewale,…

Amid mounting outrage in Nigeria over the operations of CBEX Group, which resulted in significant financial losses for many, SaharaReporters has obtained a document revealing that authorities in Hong Kong had flagged the…

Adegboyega Oyetola, minister of maritime and blue economy, has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process for the disbursement of the cabotage vessel…

Imports of Premium Motor Spirit (PMS), popularly known as petrol, fell by 30 million litres between January and August 2024. This is according to the latest Nigerian Midstream and Downstream Petroleum Regulatory…

Nigeria’s annual inflation rate rose for the first time since the data was rebased in January, advancing even before the fallout from a global trade war is felt.…

A BofA Global Research published on Tuesday has highlighted that global investors have cut their holdings of U.S. stocks by a record amount in the past two months.  The move spells a trend that is likely to continue,…

A major digital scam has hit Nigerian investors as CBEX, a supposed AI-driven asset trading platform promising a 100 per cent return on investment in just 30 days, has reportedly crashed—vanishing with over ₦1.3 trillion.…

As the race for commercial banks’ recapitalisation peaks and the global commerce landscape quakes in the face of the raging US-China tariff war, the Central Bank of Nigeria (CBN) has assured Nigerians not to panic as…

There is growing tension among users of CBEX, a popular cryptocurrency and forex trading platform, following reports that the company has emptied the accounts of hundreds of investors without prior notice. CBEX,…

As the Federal Government ordered the return of the naira-for-crude policy, the Independent Petroleum Marketers Association of Nigeria has warned marketers and importers against the losses that may follow any sudden price…

The Central Bank of Kenya and the National Treasury have given the green light for Nigerian lender Access Bank PLC to acquire the struggling National Bank of Kenya, marking a key step forward in the nearly year-long…

The 23 power generation companies in Nigeria have warned that they can no longer guarantee a steady electricity supply due to the worsening liquidity crisis in the electricity market, with outstanding debts now exceeding…

Dozens of entrepreneurs across Nigeria's southwest are crediting a recent business training programme for helping them improve how they run their businesses…

Barth Nnaji, former minister of power has made a strong case for Nigeria to aggressively pursue investments in its natural gas sector and reinstate previously suspended Power Purchase Agreements (PPAs) in a…

The naira has weakened against the dollar on the back of Donald Trump's tariff turmoil that has triggered…

Fintech operators like Opay and PalmPay led Nigeria’s mobile money transactions haul of N79.55 trillion in 2024, a 69.58 percent increase from…

Lomond School in Helensburgh, Argyll and Bute, has become the first UK private school to accept tuition payments in Bitcoin. The independent boarding school, which charges up to £38,000 per year, said the move followed…