Business

Chief James Onanefe Ibori, former governor of Delta State, has given reasons why it makes more economic sense for Shell Petroleum Development Company (SPDC) to return its western operational headquarters to Warri in Delta…

The Federal Government has begun the sale of its second tranche 7-year N100 billion sovereign sukuk, the Debt Management Office (DMO), said on Thursday. The offer circular, which was obtained from its website,…

No more dinners with female colleagues. Don’t sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings.In fact, as a wealth adviser put it, just hiring a woman these days is “an unknown risk.”…

Ingka Holding BV, parent of the world’s largest home-furnishings retailer Ikea, has started construction on a $1.2 billion shopping mall in Shanghai that the company says is its single biggest investment.The mall, Ingka’s fifth in…

Nigerians take the lead on lists of black billionaires, and one, Aliko Dangote, takes the top spots. With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa.…

Khalid al-Falih, Saudi Arabia’s energy minister, says some members of the Organisation of Petroleum Exporting Countries (OPEC) have been complaining that Libya and Nigeria are overproducing. “We have seen a great…

Nigeria Deposit Insurance Corporation (NDIC), Wednesday, offered insights into why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs). Its Managing…

Canada has arrested Huawei’s global chief financial officer, Sabrina Meng Wanzhou, in Vancouver on suspicion she violated U.S. sanctions against Iran. She now faces extradition to the United States, the Globe and…

A MULTI-BILLION dollar investment opportunity in the nation’s deep-offshore frontiers was yesterday unveiled at the 10th World Energy Capital Assembly in London, United Kingdom. It was part of the drive by the…

The chairman and chief executive of Dangote Group, Alhaji Aliko Dangote, has said yesterday in Kano that the main priority of the company was to provide job opportunities to teeming jobless Nigerians Dangote was represented…

Details of the revenues from stamp duties estimated at N20 trillion still remain opaque as the federal agencies involved in the collection have refused to provide information, despite the Freedom of Information (FOI)…

A group of Nigerian Hackers known as “London Blue” have plans to swindle 50,000 finance executives across every sector of the globe in 2018, a recent investigation has revealed. The hackers, who operate in 17…

In its first intervention in the foreign exchange market for the month of December, the Central Bank of Nigeria (CBN) on Tuesday, December 4, 2018 injected the sum of $210 million in the inter-bank foreign exchange…

The Nigerian National Petroleum Corporation  (NNPC) yesterday said it lost over $800million revenue to all the stakeholders owing to breaches of contracts of its old regime. The state-run oil firm said this year,…

Wole Olanipekun, senior advocate of Nigeria (SAN) and counsel to MTN, says his client has decided to pursue an out-of-court settlement with the Central Bank of Nigeria. The telecommunications company had filed a suit to…

*Lenders borrowed N678.27bn from apex bank in OctoberThe Central Bank of Nigeria (CBN) has launched a probe into the books of lenders in the country focusing on their top 10 loans, New Telegraph has learnt.The investigation, which…

Okechukwu Enelamah, minister of industry, trade and investment, says intending enterprises can now complete their registration with the Corporate Affairs Commission (CAC) within 48 hours. The minister made this…

Central Bank of Nigeria (CBN) Governor Godwin Emefiele is thumping his chest that the restriction on 41 items from accessing foreign exchange (forex) at the official market rate is yielding dividends. The policy has…

The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria. Godwin Emefiele made this revelation at the…

The President of Dangote Group, Aliko Dangote, has said the current effort of the Federal Government at diversifying the economy to an agriculture-centered one remains the viable solution to creating a healthy…

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday revealed that the various initiatives aimed at encouraging domestic production, have resulted in Nigeria’s monthly import bill falling…

Oil marketers on Sunday in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country. The marketers,…

Ethiopian Airlines, the largest Aviation Group in Africa has won the 2018 Best Airline in Africa Award for the 7th year in a row from African Airlines Association (AFRAA). The award was give in recognition of its…

It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of…