Business

The majority shareholder in Airtel Africa, Bharti Airtel, has acquired an additional 4.45 percent stake in Airtel Africa. This…

The naira has appreciated against the British pound sterling, euro, and Canadian dollar since the introduction of the Electronic Foreign Exchange Matching…

Singapore-listed Olam Group on Monday sold a 44.58 percent stake in its agricultural products business, Olam Agri, for $1.78 billion (S$2.35 billion) to Saudi Agricultural and Livestock Investment…

Naira’s rally in recent times hasn’t been solely due to direct interventions by the central bank. Bismarck Rewane, CEO of Financial Derivatives Company, in an interview on Arise TV Monday evening, showed new…

MultiChoice has announced an upward review of prices for its DStv and GOtv packages, set to take effect from March 1, 2025. In a statement issued to customers on Monday, the company explained that the…

The Nigeria Customs Service (NCS) has cancelled import declarations made during the initial implementation of the 4…

The Securities and Exchange Commission (SEC) says it has reduced the time required for companies to obtain approval for offers from one year to 14 days. In a statement on Monday, the commission said approvals…

Nigerian banks are seeking to raise nearly N2 trillion in a new round of capital raising as the banking sector’s recapitalisation heads into its final year. The fresh capital raising is expected to cluster…

Bismarck Rewane, the managing director and chief executive officer of Financial Derivatives…

Alibaba Group, the parent company of AliExpress, plans to accelerate investments in artificial intelligence and cloud computing after reporting a 333 per cent surge in net income to $6.36 bn for the quarter ended…

…As Zambia seeks Dangote investment in its energy sector President of Dangote Industries Limited (DIL), Aliko Dangote has revealed…

The Federal Government has spent approximately $8 billion in an attempt to stabilize the naira amid ongoing economic pressures. This was made known by the CEO of Financial Derivatives Company, Bismarck Rewane on Friday.…

Accused of tax evasion, illegal operations and sinking the naira, Binance faces an $81.5bn…

The race to lead the African Development Bank (AfDB) has officially begun with the release of the list of candidates vying for the prestigious role of president. AfDB, in a statement, said this was the outcome…

The naira maintained stability across foreign exchange (FX) markets despite steady decline in external reserves. Data from the…

On Thursday, an X user claimed that Nigerians will spend about N1,000 to withdraw N20,000 from point of sale (PoS) operators. The post comes after the Central Bank of Nigeria (CBN) announced that it has…

…. Returns as Headline Sponsor for 2025 NBC Trade Fair Wema Bank, Nigeria’s most innovative financial institution and pioneer of Africa’s first…

Guaranty Trust Holding Company Plc (GTCO), a leading financial services institution renowned for its innovative approach to…

The naira closed against the dollar at N1,502 at both parallel and official sections of the foreign…

Organised Labour through the Nigeria Labour Congress, NLC, has forced the Federal Government to reduce telecommunications tariff hike from 50 percent to 35 percent. Vanguard gathered that the reduction followed a…

Over the last five financial years, Oando has recorded a positive net operating cash flow only once, in 2023. This is a cause of concern as it raises questions about the company’s ability to generate…

In his long-awaited autobiography, former Nigerian military…

•Inaugurates Industrial Revolution Work Group  •Olusegun Aganga: lack of continuity country’s major problem, not plan Minister of State for Industry, Senator John Enoh, yesterday, called for…

The Director-General (D-G) of the Debt Management Office (DMO), Ms. Patience Oniha, has said that the agency appointed Stanbic IBTC as Government Stockbroker owing to its comprehensive, diversified financial…