Business

•Economic strain blamed for unsustainable power subsidy levels •36 governors reject amendment to Electricity Act The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in…

The Dangote Petroleum Refinery and Petrochemicals has uncovered a fresh racket involving some of its affiliate marketers and strategic partners who have been diverting subsidised refined petroleum products for…

In a Federal High Court sitting in Abuja on Thursday, July 17, 2025, the trial of Halima Buba and Innocent Mbagwu, the Managing Director/Chief Executive and Chief Compliance Officer of SunTrust Bank Ltd…

The market has speculated about the involvement of billionaire investor and current chairman of First Holdco, Femi Otedola, in the N323.4bn block transaction in the holdco’s shares. This follows the execution of one of…

A total of N324.47 billion value for 10.47 billion units of shares in off-market block trading on First Holdco Plc shares, took place on the floor of the…

There is an  ongoing controversy over the actual volume of Nigeria’s daily petrol consumption, with experts and industry stakeholders holding differing views amid claims of data inflation by the Dangote Group…

Experts have stated that the stability in Nigeria’s exchange rate market and seasonal farming are the major reasons headline inflation figures continued to slide. It would be recalled that the National Bureau of…

• Apex bank’s support for naira soared by 215% in H1 The Central Bank of Nigeria injected a total of $4.1bn into the foreign exchange market in the first half of 2025, a move aimed at stabilising the naira and…

Nigeria's Eurobonds saw increased demand in the first half of 2025, recording the most significant drop in yields among…

Guaranty Trust Holding Company (GTCO) has recorded a strong mid-market performance in the trading session of July 16, 2025, breaking through the N100 mark. This achievement makes GTCO the first banking stock under the…

The Nigerian currency maintained its bullish momentum, reaching a four-month high against the US dollar and closing at N1,518/$ on the Nigerian Foreign Exchange Market, the country’s official exchange market. CBN…

Due to the extra risks involved, owners of vehicles powered by compressed natural gas (CNG) may soon be charged a higher premium for third-party motor…

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, says he defied all odds in building the $20bn refinery, reflecting his determination to see Nigeria become self-sufficient in refined…

Frustrated by persistent power outages and soaring costs of diesel generators, six Nigerian universities, telecoms giant MTN Nigeria,…

• Nigerians go on social media to cut streaming service cost• Social media lead as news source platform• Facebook, X, TikTok earned telcos over N1tr in Q1• Citizens leverage social media monetisation…

President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to reduce the price of Liquefied Petroleum Gas, also known as cooking gas. He also promised to start direct sales of the product to consumers…

First City Monument Bank (FCMB) has rewarded 3,016 customers in Season 10 of its ongoing Millionaire Promo. So far, 12 customers…

Africa’s richest man, Aliko Dangote, is pursuing approval to construct Nigeria’s largest and deepest seaport in Olokola, Ogun State, Bloomberg reports. The proposed Atlantic seaport is expected to significantly boost…

First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria for its support in helping young Nigerians…

As the deadline for the Capital Restoration Plan expires today, analysts warn banks may adopt stricter lending practices, though the policy is expected to stabilise the financial system in the long run, writes…

The fluctuating price of tomato in the country has been attributed to seasonal harvest, changing weather, limited labour, and high cost of input. HortiNigeria, which raised this alarm, identify other causes to…

As the Central Bank of Nigeria (CBN) presses ahead with its ambitious banking sector recapitalisation plan, two national banks are said to have entered into confidential merger talks in a bid to meet the regulatory…

Bayo Ojulari, the group chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, says it is becoming a ‘bit more’ complicated to revamp state-owned refineries.  On November 26,…

Nvidia, a multinational technology company designing and producing graphics processing units (GPUs) and artificial intelligence (AI), has made history by becoming the first public company to hit a $4 trillion…