Business

The Director-General of the Cross River StateLottery and Gaming Agency, Michael Eja, has revealed that approximately 60 million Nigerians engage in gambling daily. Eja made this known during the launch of a new…

The federal government says Nigeria has officially commenced the sale of crude oil and refined petroleum products in naira. Wale Edun, minister of finance and coordinating minister of the economy, in a statement…

In pursuit of capital to finance its operations, the Nigerian National Petroleum Company (NNPC) Limited offered a substantial volume of the nation’s crude oil to creditors to secure about $6 billion in loans…

...Partners with Federal Ministry of Women Affairs to empower 500,000 women. Through its women-focused proposition, SARA by Wema, Wema Bank, Nigeria’s…

*Says high borrowing cost hurting private sector The Managing Director/Chief Executive Officer of the Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has warned that sustained monetary…

The Central Bank of Nigeria (CBN) says as part of move to address volatility in the forex market, it sold a total of US$543.5 million in September. The FX was sold to authorized dealer banks through two-way…

In a significant move to drive Nigeria’s economic growth, the federal government has officially exempted 63 key items from Value-Added Tax (VAT). This development forms part of the broader fiscal policy and tax…

The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM).…

Austin Avuru, a former Managing Director of Seplat Energy, says the Nigerian oil and gas sector is currently facing serious dwindling human capital development and requiring urgent attention. Avuru stated this on…

Nigeria’s crude oil production fell by 40,000 barrels per day (bpd) in September, further deepening its ongoing struggles to meet its OPEC production quota. According to a report by Reuters on Thursday, based on a…

Zenith Bank, one of Nigeria's leading financial institutions, has restored improved services across its electronic transaction channels, ensuring customers…

Mark Zuckerberg has ascended to the position of the world’s second-richest person, eclipsing Amazon founder Jeff Bezos with a staggering net worth of $206.2 billion. This milestone comes after an increase of $78…

The Nigerian Ports Authority, NPA, in collaboration with other government agencies, has concluded plans to implement the sale in Naira for crude oil supply to Dangote’s Refinery and other refined products.…

The Federal High Court in Abuja has dismissed a suit filed by Ecobank Nigeria Limited, which requested a restraining order against the National Security Adviser’s alleged threat to use law enforcement…

Bureau De Change (BDC) operators in Nigeria have attributed the recent depreciation of the Naira in the parallel…

•Firm repays $2.61bn, owes $6.25bn as Nigeria loses 264m crude barrels to theft, others The Nigerian National Petroleum Company Limited has pledged 272,500 barrels per day of crude oil through a series of…

There are indications that the supply of crude oil in naira by the Nigerian National Petroleum Company Limited to the Dangote Petroleum Refinery which should have started on October 1, 2024, has yet to begin as…

Chowdeck, Nigeria’s fast-growing food delivery platform, has surpassed N30 billion in total deliveries for 2024, according to…

Access Holdings  has announced the completion of its merger with ARM Pensions Managers Limited (ARM), creating Access ARM Pensions Limited (AAPL). This development positions AAPL among Nigeria’s largest pension…

Nigeria's leading financial institution, Zenith Bank, has reassured its customers of improved services following recent infrastructure upgrades.…

Nigeria has become a global leader in crypto adoption. According to the Chainalysis Global Adoption Index, the West African nation ranked second overall, trading roughly $59 billion in cryptocurrency value between…

Despite the economic hardship being experienced by majority of Nigerians, banks’ vaults are bustling with customer deposits. The latest report of the Central Bank of Nigeria, CBN, on money and credit situation in the…

The global price of rice has dropped to its lowest level in 16 years, reaching figures last seen in 2008, according to data from the Thai Rice…

The Police Special Fraud Unit, Milverton, Ikoyi, Lagos State has arrested and arraigned four online…