Business

Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude oil daily according to the monthly oil market report of the Organisation of Petroleum Exporting Countries (OPEC).   According…

Dangote Refinery is currently battling to stay afloat amidst failure to secure Letters of Credit(LC). Politics Nigeria has gathered…

Yuki Gambaryan, wife of American citizen and Binance executive Tigran Gambaryan, has urgently called on the Nigerian government to release her husband, who is currently detained under deteriorating health conditions in…

There are strong indications that the Dangote Petroleum Refinery may not roll out petrol on Monday in line with its earlier schedule. The President, Dangote Group, Alhaji Aliko Dangote, had last month projected that…

…seeks to enforce rights over its 5.38bn (15.01%) shares The legal quagmire in Nigeria’s oldest financial institution, FBN Holdings, has just got more complicated, with the largest single shareholder, Barbican…

Despite their scarcity, these billionaires are surprisingly easy to find. After all, birds of a feather —…

The price of a basket of tomatoes has dropped amid new harvests, traders in Ketu and Berger markets told TheCable. A trader at Ketu market said a big basket of tomatoes is currently selling for about N55,000 to…

Barring any last-minute intervention, Nigerians will, in two months, start paying the full cost of electricity as the Nigerian Electricity Regulatory Commission (NERC) seeks to eliminate the stabilisation…

The Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery, highlighting its substantial investment of billions of naira in the…

The Nigeria Deposit Insurance Corporation says it has disbursed the insured deposits of N5 million each to 82.36 per cent of the total customers of the defunct Heritage Bank. It also noted that 17.64 per cent…

One of the first major policies of President Bola Ahmed Tinubu’s regime was the floating of the Naira to unify foreign exchange rates and save Nigeria the billions of dollars previously used to defend the…

In an economic climate where the Naira is facing continued depreciation, Nigerians are increasingly seeking ways to protect and grow their wealth. One of the more attractive investment options is…

Nigerians are jolted by a confession by a Nigerian investigative journalist, David Hundeyin, who claimed to have been contacted to blackmail Dangote Hundeyin, disclosed how an International Non-governmental…

The Central Bank of Nigeria (CBN) recently conducted a Retail Dutch Auction System (rDAS) on August 6, 2024, in an effort to mitigate the rising demand pressures in the foreign exchange (FX) market and to…

Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN), purchasing at least $105.33 million in successful foreign…

Colin Huang, the 44-year-old founder of Temu, has risen to the position of China’s richest man, dethroning  Zhong Shanshan, the bottled-water tycoon and founder of Nongfu Spring, who had held the title since April…

The Central Bank of Nigeria (CBN) has provided clarifications on its foreign investment rules. In a circular signed by W. J. Kanya, acting director, trade and exchange department, on Thursday, the CBN said its…

Business tycoon Tony Elumelu said former President Muhammadu Buhari and deceased chief of staff Abba Kyari rejected his company’s request to buy an oilfield despite raising billions of dollars to fund the…

Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to…

A prayer was held a few months ago in Kano, a very religious city in northern Nigeria. It was organised to pray for the success of a…

The Nigerian National Petroleum Company Limited (NNPCL) has requested a refund of N2.6 trillion for foreign exchange differences related to fuel…

Nigerians are now paying three times more for antibiotics formerly produced by the British pharmaceutical giant, GlaxoSmithKline (GSK), one year…

Prices of tomatoes have dropped by 58 percent in Lagos for the first time this year, bringing respite to households and reducing pressure on them. BusinessDay surveyed markets across Lagos and found that a big…

The Naira yesterday appreciated to N1,590 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,596.52 per dollar in the Nigerian Autonomous Foreign…