Business

The investment and acquisition of 8%stake in UTM Floating Liquefied Natural Gas plant by the Delta State government is adjudged as best…

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country to 27.50 percent — from 27.25 percent. Olayemi…

…Dangote Cement, Refinery win Sectoral, Groundbreaking investment awards    In a blitz of honour, the Pan-Africa…

The Attorney-General of Ondo, Dr Kayode Ajulo, has asked all unlicensed lottery and gaming operators and agents in the state to regularise their operations or face legal consequences. Ajulo, who is also the…

It is not advisable for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to further tighten the Monetary Policy Rate (MPR). An economic expert, Dr Chijioke Ekechukwu said this in an interview with…

The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security (FMAFS), and Fundação Getulio Vargas (FGV) of Brazil have signed a Memorandum of Understanding (MoU) to advance…

The United States Embassy and Consulate in Nigeria have revealed that there has been a seven percent increase in US foreign direct investment to Nigeria. The Consul General, United States Embassy and Consulate in…

Stakeholders in the rice sector have lamented the rising cost of the produce in spite of the Federal Government’s tax waiver. The stakeholders disclosed this in separate interviews with the News Agency of…

Halima Aliko-Dangote, group executive director of Dangote Industries Limited (DIL), says family-owned businesses (FOBs) contribute significantly to the global economy in ways that are often overlooked. Aliko-Dangote…

                    The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.This is a cut from…

Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based…

The Dangote Refinery has successfully exported its jet fuel to various international destinations, including airports in Iceland, Tenerife, and London. According to a report by SP Global Commodity Insights, the…

“The corporation has also made a total payment of about 3 trillion to the Central Bank of Nigeria from 2013 through to 2023,” Alade said. “Out of N4.1 trillion for asset purchase and financial accommodation to…

                  The Corporate Affairs Commission (CAC) says it has removed the names of companies that have not filed their annual reports in 10 years from its register. The CAC said it had deleted the companies who had failed…

Elon Musk, the world’s wealthiest individual, has seen his fortune soar to an unprecedented $347.8 billion following a dramatic post-election rally in Tesla’s share price. The surge, reported by the Bloomberg…

Reinforcing its commitment to combatting fraud and protecting customers’ financial interests, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s…

The Nigerian National Petroleum Company Limited (NNPC) has issued a directive to oil marketers to cease the importation of petrol, asserting that the Dangote Refinery possesses sufficient capacity to meet domestic…

The federal government’s initiative to sell crude priced in naira is losing momentum, the vice-president of Dangote Industries Limited, Edwin Devakumar, said in an interview with Reuters on Friday. Early last…

The Lagos-based mega Dangote refinery has resumed importing crude oil from the United States after a three-month pause, as the facility increases its production…

First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want to introduce…

The Central Bank of Nigeria (CBN) has refuted claims that it is blocking access to foreign currency transfers into Nigerians’ accounts. The apex bank also cautioned customers to be cautious about the use of fake…

The Naira faced more headwinds in the unofficial market amid high demand for the dollar and a widening supply gap. The Nigerian currency was trading as low as N1750/$ during the midweek trading session on the black…

Antitrust officials from the Justice Department are coming together to force Alphabet Inc.’s Google to sell off its Chrome browser, the most widely used browser, because it represents a monopolised access point…

The decision by oil marketers to import fuel worth over N3 trillion between October 1 and November 11 this year has raised serious concerns, according to the Energy Reforms Advocates of Nigeria (ERAN). Expressing its…