Business

One year ago, Olayemi Cardoso, Central Bank of Nigeria (CBN) governor, gave a landmark speech at the Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN). It was his first policy speech…

Folake Ani-Mumuney was asked to resign as First Bank’s global head of marketing and corporate communications by Femi Otedola, the chairman of the holding company, insiders have told TheCable. A top employee of…

•USD now N1,500, may hit N1,200 —Black market operators•Other foreign currencies also affected, P/Sterling now N1,750•Gold, other commodities are declining —Dealers•Time will tell of sustainability —Banker…

The Independent Petroleum Marketers Association of Nigeria has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, The PUNCH can report. This follows an agreement reached with the…

FCMB Group Plc has announced a 67% growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months ended September 30,…

The naira gained across foreign exchange markets as the dollar crashed further to N1,567 on Thursday, following the newly introduced electronic forex trading framework by the Central Bank of Nigeria (CBN).…

The Nigerian Consumer Credit Corporation (CREDICORP) and National Automotive Manufacturers Association (NAMA) yesterday signed a N20…

The Asset Management Company of Nigeria(AMCON) is trying to recover N4 trillion debts from debtors, Managing Director Gbenga Alade said yesterday. He said the company has successfully recovered N2 trillion from…

US President-elect Donald Trump on Thursday took credit for bitcoin historic surge past $100,000, telling his social media followers “you’re welcome” after the cryptocurrency jumped more than 50 percent since his…

The Naira yesterday appreciated to N1,695 per dollar in the parallel market from N1,725 per dollar on Tuesday. However, the Naira ramained stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign…

Bitcoin has shattered the $100,000 milestone, riding a wave of investor confidence sparked by U.S. president-elect Donald Trump’s pro-crypto…

The National Information Technology Development Agency (NITDA) says X, Google, Microsoft, and TikTok paid N2.55 trillion in taxes to Nigeria in…

Nigeria’s energy company, Oando PLC, is poised to significantly enhance the country’s oil reserves and production capacity following its landmark $783 million acquisition of the Nigerian Agip Oil Company…

The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday. However, the Naira was stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange…

The huge investment by Dangote Sugar Refinery in the Sugar Backward Integration Policy (BIP) of the federal…

  First City Monument Bank (FCMB) has kicked off the 10th season of its popular "Millionaire Promo," a…

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has reaffirmed its…

Foreign holdings in Nigeria dropped to $12.8 billion between 2022 and 2023 due to naira woes and corporate…

Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84 per cent stake in Lafarge Africa to China’s Huaxin Cement, the firm announced in a statement on Sunday. The sale price…

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed that the soon-to-be-introduced electronic FX matching system will address the disconnect between the current naira-to-dollar exchange rate and…

Buoyed by the global impact of his 650,000 barrels per day refinery and petrochemical plant, Africa’s richest man and…

Justin Sun, the Chinese cryptocurrency entrepreneur who bought an artwork featuring a banana…

The Central Bank of Nigeria (CBN) has threatened to impose fines on erring banks over the ongoing cash scarcity at…

Wema Bank has concluded the fifth edition of its Hackaholics initiative, awarding N145m to seven start-ups that showcased innovative solutions to real-world challenges. The grand finale, held in Lagos, had 3,500…