Business

MultiChoice, operator of DStv and GOtv, has warned its shareholders to prepare for more difficult times ahead, as the company grapples with a tough economic landscape. The pay-TV…

Wema Bank grew its profit before tax to N102.51bn, representing an increase of 135 per cent over the N43.59bn recorded in the corresponding period in 2023. According to the statement made available to Daily Independent,…

Chinese antitrust regulators are investigating a US consortium’s deal for two ports in the Panama Canal zone, reportedly…

Persistent attacks on telecommunication infrastructure, including fibre cuts, vandalism, and theft, are disrupting network…

Nigerian energy company, Oando PLC, the Government’s preferred bidder for the lease of the…

Dangote Petroleum Refinery has resumed loading of the Premium Motor Spirit, PMS, also known as petrol on trucks for oil marketers. With the suspension of Naira for crude programme, rising price of crude oil and…

The House of Representatives Public Accounts Committee has recovered an additional N21 billion from four oil firms in unpaid revenue, royalties, and taxes, bringing the total money recovered to over N50 billion from…

…Viewers reduce appetite for video content …Creators lament traffic slump …Nigerians now economical with data The content creation industry in Nigeria has seen an unprecedented boom in recent years, fueled…

Nigeria’s interbank lending rate surged to a five-year high of 28.58 percent in January 2025, reflecting the Central Bank of Nigeria’s (CBN) aggressive monetary tightening measures. The interbank rate is the interest…

The Federal Government’s failure to renew the Crude for Naira agreement between NNPC Limited and Dangote Refinery, along with rising global crude oil prices, is set to push petrol pump prices higher across Nigeria in…

There are reports that the pump price of petrol has increased to between N930 and N970 per litre in some parts of Lagos and its outskirt as against the former price of N865 per litre. It was noticed that these price…

BUA Foods Plc has reported record-breaking results for its 2024 financial year, with revenue crossing the trillion-naira mark for the first time, and profits rising sharply on the back of strong performance across…

Marketers of Premium Motor Spirit (PMS) petrol have lost N200billion in six months owing to the volatility of prices. Independent Petroleum…

President Bola Tinubu has assented to the Investments and Securities Act (ISA) 2025, which repealed the Investments and Securities Act No. 29 of 2007. The new landmark legislation strengthens the legal framework…

Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola have been named in Forbes’ 2025 billionaires list in Africa. There are only four Nigerians named in the list published on Saturday. Forbes said Africa’s…

Singapore has become one of the world’s top cities for wealthy individuals, attracting business leaders, investors, and entrepreneurs. According to the 2024 World’s Wealthiest Cities Report by Henley & Partners,…

…As rice distribution spreads across beneficiary Local Govts Chairman of the Aliko Dangote Foundation and Africa’s wealthiest person has…

Private oil depots increased the price of Premium Motor Spirit, PMS, also known as petrol, to N900 per litre from more than N890 per litre over the weekend due to rising crude oil prices and other factors in the global…

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2024, to the Nigerian Exchange Group (NGX) and London…

Ecobank Transnational Incorporated has reported a profit after tax of N735.9bn for the 2024 financial year, marking a 179 per cent increase from N263.5bn recorded in the previous year. According to its financial statement…

Jim Ovia, the chairman and founder of Zenith Bank, is set to receive a N25.4 billion dividend payout for the 2024 financial year, following the bank’s record-breaking earnings performance. The payout, scheduled for…

GTCO Plc has released its 2024 full-year audited accounts, revealing a record pre-tax profit of N1.266 trillion, up from N609.3 billion a year earlier. The bank holding company also reported a surge in gross…

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…

A coin collection, much of which remained buried underground for over 50 years, is expected to surpass $100 million at auction, according to…