Business

The Minister of Industry, Trade, and Investment, Jumoke Oduwole, has disclosed that the 30 foreign trips undertaken by President Bola Tinubu have attracted proposed investments worth $50.8bn into the country.…

Shareholders of some multinational companies in Nigeria are bracing for another year of zero dividends following…

MTN Nigeria Communications Plc has projected an extra revenue of N1.34 trillion from its recently implemented 50 percent tariff increase on calls, data,…

US stocks has wiped out nearly all post-election rally as Donald Trumps’s misguided tariffs begin to bite Canada,…

Nigerian cement manufacturers defied economic challenges in 2024, posting profit growth through price hikes with analysts seeing investors’ interest in…

…Exports decline by 40 percent The operational crisis at NLNG Limited continues to deepen as the outage at its Bonny Island facility drags on, with gas supplies plummeting by a staggering 80 percent,…

The Lagos State Internal Revenue Service has reminded all individual taxpayers,…

The Naira yesterday depreciated to N1,510 per dollar in the parallel market from N1,505 per dollar last weekend. But the Naira appreciated to N1,499 per dollar in the Nigerian Foreign Exchange Market (NFEM)Data…

• Stakeholders seek regulatory intervention, fear anti-competition strategies  In what appears as retaliation against initial price reduction by Dangote Refinery, the Nigerian National Petroleum Company Limited…

The Federal Government will today, March 4, 2025, unveil a new payment platform to replace REMITA, which has been used for revenue collection. This was revealed in a memo from the Office of the Accountant…

Nigeria’s 650,000 barrels per day Dangote refinery has bought its first cargo of Algeria’s light sweet Saharan Blend…

Dangote Petroleum Refinery has announced plans to refund oil marketers who purchased premium motor spirit (PMS) at rates higher than the…

…Add PoS to their business …No longer deposit money with banks …As many more Nigerians shun banking halls, ATMs …PoS business deepening financial…

Dangote Cement Plc has reported a revenue of N3.58tn for the financial year ended December 31, 2024, representing a 62 per cent increase from N2.21tn recorded in 2023. The company’s financial statement,…

Alaba Adegboyega Okupe is the son of Chief Matthew Adekoya Okupe, the founder of Wema Bank plc, formerly Agbonmagbe Bank Limited. In this interview with Ibrahim Apekhade Yusuf, Alaba, the eldest surviving…

A new report by the Nigeria Inter-Bank Settlement System (NIBSS) has revealed that fraudsters exploited weaknesses in the banking system to steal over N1 billion using Bank Verification Numbers (BVNs) illegally…

In anticipation of the grand celebration of its 80th anniversary, Wema Bank, Nigeria's most innovative bank and pioneer of Africa's…

*Seeks negotiated exit of Sunrise from 3,050MW power project  *Says ICC president supports amicable settlement by both parties Following the intervention of some elder statesmen and influential…

With a relative decline in headline inflation, the Central Bank of Nigeria is under pressure to cut interest rates, James Emejo writes The National Bureau of Statistics (NBS) recently rebased the Consumer…

*Set to rework electricity subsidy structure to benefit the poor *Says Nigeria’s wealthiest among 25% enjoying huge tariff underpayments  The federal government at the weekend remained upbeat about the…

The excessive use of mathematics in economics has often been criticised as akin to killing an ant with a…

Nigerian Eurobonds have sustained their rally this year as large investors' appetite drove average yields to 8.79…

The Nigerian Navy Microfinance Bank says it has recorded remarkable financial growth and expanded its capital base from an initial capital of N20 million to N20 billion in assets within a decade. Weekend Trust…

One of America’s biggest banks accidentally transferred more than $80 trillion (£64 trillion) to a customer’s account after a “fat finger” input…