Business

Oil prices soared to $139 and shares sank in frantic trading on Monday amid talks of a U.S. and European ban on Russian product Further fuelling the rise is the delay in Iranian talks. The euro extended its slide, hitting parity against…

For the full year ended December 31, 2021, the Management of Dangote Sugar has revealed that the group’s production volume…

The African National Congress (ANC) says the removal of Russia Today (RT) from the list of Multichoice channels available for viewership is an…

The Cinema Exhibitors Association of Nigeria (CEAN) has said they realised N4.8 billion revenue through ticket sales in 2021. CEAN Chairperson, Patrick Lee, disclosed this in an interview with newsmen on Saturday in…

Shell Oil, Europe’s largest oil company, has said it will donate the profits from a recent purchase of Russian crude oil to a fund designed to help Ukrainian refugees. The decision was taken following criticism from…

Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system. The new issues will be coupled with Russia’s own Mir network. The move comes after Visa and…

As many countries shift away from buying Russian oil, new export opportunities have opened up for Nigerian crude which is regarded as one of the best in the…

In Kano State, wheat harvesting period has been targeted towards the middle of March 2022, but recent investigations revealed that the price of wheat in the market has been going up by the day and the grain is also…

The Nigerian National Petroleum Company Ltd has opted to exercise its right of first refusal as contained in the Joint Operating Agreement (JOA)…

Payments company, PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances”. PayPal is joining other financial and tech companies in suspending operations there after the…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50 billion for the month of September 2021. This represents a 352% increase from the ₦8.29 billion surplus in August…

The  Nigerian Communication Commission (NCC) is on the verge of deploying the Fifth Generation (5G) network in Nigeria. Already, spectrum licenses for the companies that will rollout services have been issued.…

Lagos State Governor, Babajide Sanwo-Olu, on Thursday, announced a 100 per cent increment in capital subvention to the Lagos State Employment Trust Fund (LSETF). The Governor doubled the agency’s subvention in a move to…

First City Monument Bank (FCMB) Thursday announced the appointment of Obaro Odeghe as Executive Director, Wholesale Banking following the approval of the Central Bank of Nigeria (CBN). In this role, Obaro will focus on…

As a major player in the Trustees business, FCMB Trustees Limited has launched e-Wills, an automated system that makes the process of writing of Wills…

Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the…

The management of the Nigeria Customs Service (NCS) has suspended the Vehicle Identification Number (VIN), valuation policy recently…

There is trouble in MTN Nigeria as sex scandal has rocked the gobal telecommunication company. The female employees of the company in Nigeria have…

MTN says it will be offering free international calls and SMS to all existing prepaid and postpaid customers in response to Russia’s invasion of Ukraine. The company made this known in a statement on Thursday. MTN said…

Nigeria’s economy may have recorded about N640 million loss to the breakdown of the information technology system used by the Nigeria Customs Service, NCS, for cargo clearance at the ports. The platform used by the…

The prices of many crudes,  yesterday, surged toward $120 per barrel on the decisions of the Organisation of Petroleum Exporting Countries, OPEC. This came as many buyers decided to shun Russian crudes, amid concerns…

The National Pension Commission on Wednesday announced the approval of the request for the merger and acquisition of some operators in the pension industry. The Commission said it approved the acquisition of Investment…

To commemorate International Women's Day 2022, foremost financial institution, Fidelity Bank Plc, has announced plans to celebrate leading women…

US. payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa said on…