Business

Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that…

The Federal Competition and Consumer Protection Commission(FCCPC) has imposed a $220,000,000 penalty against Meta Platforms Incorporated over alleged discriminatory practices against Nigerian data and consumers.   This…

Airlines’ operations in countries like Singapore, the United States and Australia have been disrupted due to a major global cyber outage affecting services. The massive information technology (IT) outage, which began in…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Dangote refinery is still at the pre-commissioning stage…

Nigerian carrier, Air Peace, has debunked reports that it has been blacklisted by aircraft leasing companies, saying it is untrue. The airline said it didn’t breach agreements with lessors, noting that the…

At the BusinessDay CEO Forum, Chukwuma Nwanze, MD/CEO of Credit Direct Finance Company Limited (Credit Direct), FCMB Group's consumer finance arm, emphasized the…

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening measures and hinder the nation’s growth potential. He said in the foreword of the…

Mauritius-based Chappal Energies has acquired a minority share in TotalEnergies’s Nigerian onshore joint venture assets for $860 million. The new purchase by Chappal Energies, a company registered in Mauritius in…

The Bankers’ Committee are on the verge of completing the renovation and upgrading of facilities at the National Theatre, Iganmu, Lagos; a development that could be best described as the restoration of national…

…Inflows via CBN up 127.97% in one month …FX turnover rises by 180.47% in one year Foreign exchange (FX) inflows into the Nigerian economy jumped by 57 percent in one year, resulting in the Naira showing some…

Experts seek end to oil monopoly, call for transparency The landing cost of Premium Motor Spirit (PMS) also known as petrol has risen to a staggering N1,117 per litre using the official Investors &…

The federal government plans to tax banks 50% of profit realised from foreign exchange revaluation in 2023. This is contained in the proposed amendments to the 2023 Finance Act sent by the President to the…

...Says local price will continue to increase because Trading arms offer cargoes at $2-$4 per barrel, above NUPRC official price…

French oil major, TotalEnergies, is planning to sell its onshore oil asset in Nigeria to an indigenous oil company, Chappal Energies, for the sum of $860 Million, as per Bloomberg report. The deal, set to be finalized…

Lagos State Government and IBILE Holdings Limited partners with CIG Motors to expand LAGRIDE’s Smart Mobility and E-Hailing Fleet with 5000 new…

The Nigeria Employers’ Consultative Association, NECA, Manufacturers Association of Nigeria, MAN, and the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, NACCIMA, have blamed hastily…

The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,555 per dollar on Monday. Similarly, the Naira appreciated to N1,576.66 per dollar in the Nigerian Autonomous Foreign Exchange…

The Federal Capital Territory High Court has dismissed a request by former governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele which sought leave to access his international passport to enable him to…

Businesses are struggling to stay afloat amid Nigeria’s worsening economic crisis. Nigeria is experiencing its worst economic crisis in decades, a situation that has stripped it of its status as Africa’s largest…

Dear Editor, Good Morning, Hope this mail meets you well. We appreciate your continuous support. Kindly help publish the attached Press release Titled: ADAORA UMEOJI…

The comfort and convenience passengers derive riding in Lagos Ride, an e-hailing taxi scheme operated by the Lagos State Government, is about to get better with…

Nigeria’s inflation narratives took a controversial twist yesterday as the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), gives its own figure contradicting that of the…

President of Dangote Group, Aliko Dangote, on Sunday stated that his company’s aim is to become the leading supplier of foreign exchange in the FX…

Guaranty Trust Holding Company plc (“GTCO PLC” or the “Issuer”) (NGX: GTCO) today announced the opening of its Offer for Subscription of…