Business

The minister of solid minerals development, Dele Alake has revealed that more than 70kg of gold sourced in Nigeria have been refined for exports, while over $5 million has been added to the nations foreign assets…

As the race for Nigerian banks’ recapitalisation heats up, early birds have either started or finalised plans to increase their shares in the hands of the investing public. In their usual look-good approach to…

Recently, FCMB Asset Management Limited (FCMBAM) held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG…

… laments as Regulator (NMDPRA) continues to grant licences to import banned dirty diesel, jet fuel Vice President, Oil and Gas at Dangote…

Leading Nigerian law firm Templars has announced its role in advising Tolaram, a Singaporean conglomerate, on acquiring a 58.02% stake in Guinness Nigeria PLC from Diageo.   The deal, signed on June 11, 2024, includes…

Global Ratings agency, Moody’s Investors Service has kept Nigeria’s long-term foreign currency and local currency issuer ratings unchanged at Caa1 while maintaining a positive outlook same as its last review in December…

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates to address the persistent inflation issues plaguing the Nigerian economy. …

Following the directive by the Central Bank of Nigeria (CBN) that banks should beef up their capital base…

Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its…

As the aftermath of the China-Nigeria Business event in Beijing, China held on Friday, the President Bola Tinubu-led Nigerian government has claimed that over 200 Chinese businesses have shown interest in investing in…

At the recently concluded Afreximbank 2024 annual meetings, which included the Afri-Caribbean trade and investment forum in Nassau, The Bahamas, Yemi Kale, group chief economist/MD of Afreximbank, provided insights…

Nigeria’s currency, the naira, has shown stability over the past month, trading between N1,476 and N1,485 against the dollar in the official foreign exchange market, but sustainability remains a concern. On Friday,…

The federal government says Tigran Gambaryan, a Binance executive, currently detained in Nigeria is facing lawful trial and has access to quality health care. Mohammed Idris, minister of information and national…

Two members of the United States (US) congress paid a visit to Tigran Gambaryan, Binance’s executive detained at the Kuje correctional centre in Abuja. The lawmakers are French Hill, a representative of the…

In a bid to support the Central Bank of Nigeria’s recapitalisation programme towards achieving the targeted objectives, the Securities and Exchange Commission has released its Framework on Banking Sector…

Barrister Gboyega Adetunji, a Lagos-based renowned legal practitioner, has ventured into agriculture with the launch of Abundish, a revolutionary…

Nigeria’s foreign exchange (FX) reserves have surged to their highest level since March 28, 2024, marking a significant…

The annual Ojude Oba Festival, a vibrant celebration of Ijebu culture and tradition, recently concluded with great…

Four years after former President Muhammadu Buhari launched Nigeria’s visa-on-arrival (VoA) policy, the process of obtaining it has remained difficult, stifling investors interested in tapping opportunities in…

…Regulator says auction attracted huge interest Nigeria’s planned auction of oil blocks has been delayed due to a lack of enthusiasm from investors, casting doubt on the government’s strategy to boost…

The federal government through the Economic and Financial Crimes Commission (EFCC) has continued with its money laundering charges against Tigran…

Nigerian billionaire, Femi Otedola, the Chairman of FBN Holdings has regained his position as the majority shareholder of First Bank.   He now holds a 9.41% stake in the bank, after acquiring N18.9 billion worth of…

At least 83% of the beneficiaries of the Nigerian government’s cash transfer program, funded by an $800 million World Bank loan, are located in urban areas.  According to a document on the National Social Safety…

The NNPC Ltd-TotalEnergies Joint Venture (JV) has announced a 550 million dollars Final Investment Decision (FID) on the Ubeta Field Development Project. This was announced on Thursday at the signing ceremony held at…