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34 Oil Firms Disburse $896.891m as Social Expenditure in 12 Months
Thirty four foreign and indigenous oil companies disbursed $896.891 million as social expenditure in the 12 months culminating in December 2019, the latest audit report by the Nigeria…
Intrigues as control for First Bank heightens
The struggle to control of assets of Nigeria’s oldest bank, FirstBank Nigeria Limited at the weekend, heightened going by the twist of events and claims of new ownership…
FBN Holdings makes U-turn, acknowledges Otedola’s shares
FBN Holdings Plc, the holding company of First Bank of Nigeria, says it has received notification that Femi Otedola, billionaire businessman, has acquired 5% stake in the company. In…
Siende Signature to Hold Fragrance Craft Workshop, Partners International Fragrance Brands
In commemoration of its first year anniversary, Seinde Signature, a fragrance experience and retail brand based in Nigeria, has announced partnerships with 17 international fragrance…
‘Nigerian Elite steal $3.6billion crude oil yearly’
• NNPC craves collective Move Against Thieves • Crude Oil Heads To $200 Per Barrel A few Nigerians, described as elite, may be stealing yearly about 42.25 million barrels of the…
Freight forwarders threaten to close shop over shipping lines’ excessive charges
Freight forwarders under the aegis of the National Association of Government Approved Freight Forwarders (NAGAFF) have given all shipping companies operating in Nigeria two weeks to put an end to…
FBN Holdings speaks on Otedola’s acquisition of majority stake
FBN Holdings Plc has denied the purported acquisition of a majority stake in the company by Femi Otedola. The News Agency of Nigeria reports that the company spoke in a statement…
FBN Holdings May Rake Over N200bn In Airtel Africa’s Buyback Of Nigerian Subsidiary
FBN Holdings Plc, a major beneficiary of Airtel Africa’s buy-back of the unquoted shares of Airtel Nigeria, could rake in as much as over N200billion from the deal, InsideBusinessNG can…
Nigeria’s foreign reserve surpasses $40 billion, hits highest level in 23 months
Nigeria’s foreign reserve crossed the $40 billion mark on 18th October 2021, after gaining $566.45 million on Monday to close at $40.39 billion. This is according to data…
Dangote Cement Rakes N192b Profit At H1 On Strong Q2
Dangote Cement Plc built an after-tax profit of N191.6 billion at the end of its half-year trading in June 2021. This represents a year-on-year increase of 52 per cent,…
Reps panel threatens to order CBN to take over Heritage Bank over debt
A house of representatives committee has threatened to ask the Central Bank of Nigeria (CBN) to take over the operations of Heritage Bank over alleged debt to the federal government.…
Elon Musk set to become first trillionaire in the world
Elon Musk, the world’s most renowned entrepreneur and the CEO of two of the world's largest companies, SpaceX and Tesla, is set to become the world's first trillionaire.…
Femi Otedola takes over First Bank as largest shareholder with N30bn
From having a humongous loan portfolio of N192 billion in 2012 via his then Zenon Petroleum and Gas Ltd which was eventually passed on to the Asset Management Company of…
#FCMBFlexxtern Season Five Opens, Winners get Employment Opportunities
First City Monument Bank (FCMB) has commenced the fifth edition of its #FCMBFlexxtern contest! The online contest (www.fcmb.com/Flexxtern) is designed for youths between 18 and 30 years.…
NARTO worried over debts as FG scraps PEF, PPPRA
The Nigerian Association of Road Transport Owners (NARTO) has raised concerns over the fate of its liabilities with the scrapped Petroleum Equalization Fund (PEF) and the Petroleum…
Private jet operations boom on elections, insecurity
More charter and private jet companies are springing up in Nigeria over rising insecurity and election campaigns, BusinessDay’s findings show. With the general elections holding in…
Nigeria sinking as petrol subsidy mounts
Nigeria’s controversial fuel subsidy, projected to hit N3 trillion by the end of 2021, is sinking the country and fuelling confusion among economists and business leaders who are at a…
Apapa Port: How Lome, Tema, Abidjan are eating Nigeria’s lunch
Nigeria’s Apapa Port has lost its pride of place to ports in other neighbouring West African countries of Cote d’Ivoire, Ghana, Togo, and the Benin Republic, BusinessDay…
#EndSARS: Nigeria yet to pick up from ruins of protest
Businesses are yet to recover and public infrastructure are still ruined after they were razed during nationwide #ENDSARS protests against the unpopular and now disbanded Special…
Oil workers poised for showdown with Total Nigeria amidst corruption claims
An organisational restructuring recently carried out by Total Nigeria has led to allegations that the multinational oil company is trying to cover up bribery, abuse of office…
Tax evasion’: Tribunal okays Multichoice’s N8bn deposit, fixes date to hear appeal against FIRS
The tax appeal tribunal (TAT) has ruled that Multichoice Nigeria Limited met the conditions necessary to prosecute an appeal against the N1.8 trillion tax levied on it by the Federal…
Nigeria maintains position as Africa’s most valuable nation brand amid pandemic
Despite Covid-19 pandemic economic shocks, Nigeria has retained its position as Africa’s most valuable nation brand for the third consecutive time, according to the latest 2021 Nation…
NRC resumes cargo movement from Lagos to Kano, Kaduna dry ports
The Nigerian Railway Corporation (NRC) has resumed the movement of cargoes in containers from Lagos to Dala Inland Dry Port in Kano state and Kaduna Inland Dry Port. Ismail Yusuf,…
Payday: Nigerian Favour Ori Breaks Record In Rwanda
Payday, a Pan-African Fintech startup, founded by Nigerian entrepreneur, Favour Ori has become the first Rwandan company to join the prestigious Techstars Toronto Accelerator program.…