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Nigeria’s race for Chinese investments opens door to illegal activities
In the last three months at least 400 Chinese nationals have been arrested for fraud and illegal mining in various parts of Nigeria. Is Nigeria’s quest for…
Lagos butchers lament as cow prices soar to N1.7m
The number of cows slaughtered daily in Lagos State has dropped from 5,000 to 3,000, according to the Lagos State Butchers Association. The association’s patron, Alhaji Bamidele Kazeem, disclosed this in an…
Obanikoro Accuses Access Bank of Using His Property as Collateral for N1bn Loan without His Consent
New facts have emerged on how Access Bank clandestinely granted N1 billion loan to a going concern, DDSS International Company limited, using a property…
Petrol imports hit 8-year low as Dangote ramps up
Nigeria’s petrol imports have dropped to their lowest level in eight years, a significant shift attributed to the ramp-up in production at…
Injunctive orders against Obaigbena, GHL, others stay, say FBN lawyers
Six of the injunctive orders made by Justice D. I Dipeolu on December 30 last year against General Hydrocarbons Limited (GHL), publisher of Thisday newspaper, Mr Nduka Obaigbena and other directors of the company…
PFAs rethink asset portfolios to beat market uncertainties
Pension Fund Administrators (PFAs) are rethinking their asset portfolios to beat market uncertainties. With the nation’s…
My Sister Lost Over N50m To Crypto – Seun Kuti
Seun Kuti, the youngest son of late Afro-beat maestro, Fela Anikulapo-Kuti, has claimed that his sister lost over N50 million in cryptocurrency. A cryptocurrency is a digital currency designed to work…
BDC operators laud CBN on waiver of 2025 licence fees
Bureau De Change operators have praised the Central Bank of Nigeria for waiving the 2025 licence fees for the operators. They spoke under the aegis of Association of Bureau De Change Operators of Nigeria. President,…
FG may earn N1.6 trillion from 50 per cent telecoms service tariff hike
• Approval to unlock $150m tech investment The GSM Association (GSMA) said the 50 per cent…
Aradel reports N321.6b pre-tax profit, sees 162.74% surge in revenue
Aradel Holdings Plc has posted an impressive pre-tax profit of N321.6 billion for the…
CBN clears outstanding $7bn FX backlog
Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Wednesday, announced that the Federal Government has cleared the outstanding $7bn foreign exchange following a successful verification exercise by forensic…
Dangote-backed investors to acquire Kenyan coffee chain, Java House
A private equity firm backed by Aliko Dangote is preparing to enter Kenya’s food and beverage market by acquiring Java House, a leading coffee chain in the country. Alterra Capital, an Africa-focused private equity…
UK investigates Coca-cola drinks over safety concerns
A massive recall of Coca-Cola drinks has been launched in several European countries, including Belgium, Luxembourg, and the Netherlands, due to high levels of a chemical called chlorate. The European bottling…
PETROAN seals PMS distribution deal with Dangote refinery
Petroleum Products Retail Outlet Owners Association of Nigeria says it has signed a deal to begin distributing Dangote refinery’s premium motor spirit. The National President of PETROAN, Billy Gillis-Harry,…
TotalEnergies records N1.04tn revenue
TotalEnergies Marketing Nigeria Plc reported revenue of N1.04tn for the financial year ending 31 December 2024, representing a 64 per cent increase from the N635.95bn recorded in 2023. The company’s revenue growth…
Court Overturns Mareva Injunction Freezing Assets of General Hydrocarbons Limited
The Federal High Court in Lagos has set aside ex parte Mareva orders that froze the assets of General Hydrocarbons Limited (GHL), a Nigerian oil and gas services company, and its directors. The court ruled that the…
Active bank accounts in Nigeria rise to 311.6 million in December 2024 – NIBSS
The latest data released by the Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in Nigeria rose to 311.6 million in December 2024. At the end of 2023, NIBSS data showed…
E-payment transactions in Nigeria hit all-time high of N1.07 quadrillion in 2024
Electronic payment transactions in Nigeria rose to N1.07 quadrillion in 2024, reaching an all-time high and the first time to hit the quadrillion mark. In dollar terms, this is about $702.6 billion based on the closing…
Risevest operating illegally, Nigerians at risk of fraud, SEC insists
The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians against engaging with Risevest Technologies Limited, a firm that presents itself as a Digital Dollar/Fund Manager in the Nigerian…
Telecoms 50% tariff hike: Subscribers head for court as NCC talks deadlocked
Nigerians are mounting a resolute challenge to the contentious 50 per cent increase in call and data tariffs, with telecom subscribers and advocacy groups escalating the matter to the courts following…
The NPA Lagos International Polo Tournament Returns with GTCO as Headline Sponsor
Guaranty Trust Holding Company Plc (GTCO) is proud to be the headline sponsor of the 2025 NPA Lagos International Polo Tournament. The…
Invest in Nigeria, you can be deported from abroad – FG tells diaspora citizens
The Nigerian Diaspora Commission (NiDCOM) has warned Nigerians in the diaspora to prioritise investment in their…
Nigeria’s total debt was N87trn when Tinubu took over, NOT N21trn – DMO
The Debt Management Office (DMO), on Monday, dismissed a report claiming that Nigeria’s public debt rose from N21 trillion to N142…
Five reasons naira will remain calm in 2025
The Nigerian naira has found some relative calmness on the back of some policy actions implemented by the current government, a new…