Business

The Chairman/CEO, BUA Group, Abdulsamad Rabiu, said the conglomerate settled for AXENS Powering Integrated Solutions, a French firm to build its refinery because “they are one…

The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make its members pay agents for diaspora remittances. Aminu Gwadabe, president of ABCON, made…

A Nigerian property company, Persianas has been revealed as the buyer of Shoprite’s local business in Nigeria. Reuters reported this…

In today’s increasingly digital world, ensuring equal access to technology for everyone is essential. As technology permeates every aspect of our lives whether in work, entertainment, healthcare, or education the need for digital…

The federal government may have struck gold with the plan movement of cargo from Lagos ports to inland ports across the country especially those of the southeastern part of the country like Onitsha. This followed the…

The Nigerian Exchange Limited has listed BUA Cement Plc’s N115 billion 7-Year Series 1 Fixed Rate Senior Unsecured Bond issue, the first listing in the NGX era. The listing was commemorated with a digital Closing Gong…

Dangote Group says its cement is cheaper in Nigeria than in Ghana and that it is losing dollar earnings focusing on the Nigerian market.“To ensure that we meet local demands, we had to suspend exports from our recently…

BUA Group is working towards unveiling its 10,000 tons cane per day (tcb) sugar refinery in the first quarter of the year. Senior General…

Burger King, an American quick-service restaurant (QSR) chain, has finally entered Nigeria with eye on the volume of in-store transactions that Africa’s most populous country offers. The QSR chain will open…

The Department of Petroleum Resources (DPR) has published a list of private refineries with a valid permit to operate in Nigeria. As of March 2021, the number of valid refinery project licences stood at 23, with a…

The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs) and…

The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street. As digital currency exchange Coinbase prepares to list…

The French Minister of Foreign Trade and Attractiveness, Franck Riester, had arrived in Nigeria to open the ‘Choose Africa’ conference, a €3.5 billion initiative by the France President, Emmanuel Macron, which is…

Nigerian-founded venture capital firm CardinalStone Capital Advisers is leading a $10 million Series A funding in Appzone that delivers best-in-class products for digital core banking and interbank…

…says Nigeria price is in line with or lower than prices across the West African coast  Management of Dangote Cement Plc has…

The tussle for who succeeds Segun Agbaje as the Group Managing Director/Chief Executive Officer of Guaranty Trust Bank has reached a fever pitch. Whichever way it goes, Agbaje…

Lafarge Africa Plc has announced application for its 2021 technical skills development programme for secondary school leavers. The application is for a three-year multi-skilled vocational training programme…

The N10billion COVID-19 bailout as intervention fund to operators in the auto industry, expected to rescue ailing companies and firms to reposition the sector, seems to be shrouded in controversy.…

Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec.…

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had…

The ‘Naira for Dollar’ policy of the Central Bank of Nigeria (CBN) has led to positive accretion to the foreign reserves exactly one month after takeoff. The foreign reserves, on April 1, stood at $34.85 billion,…

Dangote Sugar Refinery PLC (DSR) is aware of an online publication claiming that Dangote Sugar Refinery PLC is engaging in price-fixing and is not honestly engaged in any Backward…

BUA Group has fought back at claims by Dangote Industries Limited and Flour Mills of Nigeria that its sugar refinery “poses a threat” to the Nigerian local sugar industry. Aliko Dangote, chairman of Dangote Industries…

As part of measures to curb road traffic crashes (RTC), the Dangote Cement Plc has launched a drivers’ training centre at the Dangote Cement Plant…