Business

Open Market Operations (OMO) bills have consistently traded at higher yield levels than Nigerian treasury bills (NTBs) despite their…

A fresh wave of Premium Motor Spirit (petrol) importation into the country has made the row between oil marketers and the Dangote Petroleum Refinery to linger, amid signs of deepening tensions in Nigeria’s downstream…

The Federal High Court in Abuja on Monday fixed May 26 to hear a suit filed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc against the Central Bank of Nigeria (CBN) and others. NIBSS, in the suit, is seeking an…

The Central Bank of Nigeria has dismissed reports suggesting distress in a regulated financial institution. In a statement signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank…

• Policy can’t be tighter, but easing will be premature, says Yusuf • Economists expect MPC to keep interest rate at 27.5% •…

Having recorded revenue surpassing $1.1 billion, and a net profit of $145 million in 2024, the shareholders of Nigeria’s leading independent…

United Bank for Africa Plc (UBA) has moved to join 86 Gardens Limited in a suit at the Federal High Court, Lagos, to safeguard its 21.54 per cent stake in a 60 per cent ownership interest in Ibadan Electricity…

Ten years ago, Louis Carter Industries boomed. Its products were everywhere and sought-after by traders of household items. The firm’s Nnewi,…

Renaissance Africa Energy Company Limited has announced that it exceeded its oil production target by 40…

Nigeria’s Free Trade Zones (FTZs) are facing trade abuse allegations from manufacturers who cite loopholes in regulatory oversight.…

The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to…

The Central Bank of Nigeria recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a reduction in its overdraft exposure to the Federal Government and changes across other…

The naira ended the week on a stronger note, appreciating slightly against the U.S. dollar to close at N1,599.01/$1 in the official foreign exchange market on Friday, according to data from the Central Bank of Nigeria…

The price of a 50kg bag of rice has dropped to an average of N54,000 following rumours of alleged deadly rice in circulation. The drop is also a result of the oversupply of the staple from India, according to a…

The Association of Bureau De Change Operators of Nigeria (ABCON) has revealed that the majority of the licensed currency traders are faced with uncertainty, as only less than 5% of its members have so far been…

As this year’s Eid al-Adha approaches, livestock dealers and buyers have expressed concern that rams and other sacrificial animals may become more expensive due to rising cases of rustling in parts of the North…

Chairman of BUA Group, Abdul Samad Rabiu, on Thursday announced that the company has agreed to freeze the price of cement for all contractors engaged in projects under the Federal Government’s Renewed Hope agenda, as…

Energy major Shell Plc paid $5.34 billion to the Nigerian government in 2024, the largest amount it remitted to any country, even as it continues to divest from its onshore oil operations in Africa’s largest crude…

Access Holdings Plc has bowed to shareholder pressure, pledging to pay an interim dividend of N1 per share in 2025, more than double the 45 kobo interim payout recorded last year. The commitment was made during the…

            The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March. NBS announced the increase in its consumer price index…

The World Bank has faulted the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) policy, calling for adjustments to enhance its effectiveness. This was highlighted in the World Bank’s Nigeria Development…

The Federal High Court in Port Harcourt has dismissed an application filed by General Hydrocarbons Limited (GHL). The company had sought to serve a previous court verdict—concerning the arrest and detention of crude…

The Speaker of the House of Representatives, Abbas Tajudeen, has raised alarm regarding reports that over 75% of Nigerian-bound imported goods are being offloaded in the Benin Republic. The Speaker raised the alarm…

The Economic and Financial Crimes Commission (EFCC) has taken Elie Bitar, a foreign national, off its wanted list for crypto bridge exchange (CBEX) fraud. On April 30, the EFCC declared Bitar wanted for alleged fraud…