Business

No fewer than 40 oil licences will expire in June 2025, and the companies holding these assets may lose them unless the Minister of Petroleum renews their licences in accordance with the Petroleum Industry Act.…

Millions of Nationwide Building Society customers in the UK are about to receive £100 in free cash. This is part of the building society’s Fairer Share programme, which rewards loyal customers who meet specific…

Summary: Nigeria’s chronic power shortages have birthed a booming generator economy, powering everything from roadside stalls to…

Shell Nigeria Exploration and Production Company (SNEPCo), which operates the Bonga field, has signed a $150 million deal to acquire TotalEnergies’ 12.5…

• Manufacturer’s FX losses hit N1.62tr as cost of imported raw materials surge by 118% • ‘Only 37% of 200,000km road network motorable’ The …

Investors on the Nigerian Exchange (NGX) recorded a substantial gain of N4.1 trillion in market capitalisation in the month of May, marking one of the most…

In a country where many dream big but few dare to build empires, Ehonre Oluwaseun popularly known as Classic Baggie has…

President Bola Tinubu’s macroeconomic reforms and return to monetary orthodoxy shook the productive sector burdened by high energy costs and interest rates, ARINZE NWAFOR writes. However, industries have…

African Development Bank (AfDB) has granted a $134 million loan facility to the federal government for disbursement under the National…

The Securities and Exchange Commission (SEC) has warned the public against investing in Silverkuun Investment Cooperative Society or Silverkuun…

Nigeria’s public debt could rise sharply in the coming months, with the debt per citizen projected to reach nearly N800,000 if the Senate…

Investors behaviour in Nigeria’s bond market has shifted for a long term instrument following the preference for the longer-dated…

The Federal Inland Revenue Service (FIRS) has set an ambitious target to collect N20 trillion in tax revenue for 2025, while highlighting the…

In a thoughtful demonstration of support and encouragement, Moruf Oseni, the MD/CEO of Wema Bank, Nigeria’s oldest indigenous bank, most innovative and…

Tolu Abolade, a customer experience representative, cannot remember the last time she held more than…

Nigeria’s era as Africa’s largest fuel importer has ended following increased output from the Dangote refinery, according to Bloomberg. Citing an energy consultancy firm in a report on Wednesday, Bloomberg said the…

The Debt Management Office (DMO) has announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an…

Nigeria’s foreign exchange (FX) market is witnessing a historic turnaround as average daily turnover approaches $500 million, a sign that the authorities'…

Four years after successfully reopening its flagship store in Lekki Phase 1, Lagos, following a major renovation, Wear It All Luxury, the upscale fashion brand owned…

Wema Bank has unveiled 12-year-old Chiderije Mbah as its One-Day Managing Director/Chief Executive Officer for May 27, 2025, in commemoration of 2025 Children’s Day. In a statement on Tuesday, Mbah was unveiled at the…

Cadbury Nigeria Plc returned to profit in the first quarter, but the company is far from recovering from two years of huge losses. After a N7.3 billion loss in the…

The World Bank has asked the Federal Government to issue a presidential order raising excise duties on “sin goods” such as alcohol, tobacco, and sugary drinks as a key requirement under the $750m loan granted to…

Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency has recovered some money from crypto bridge exchange (CBEX), a failed digital investment and trading platform. Speaking…

The Niger Delta Power Holding Company (NDPHC) Limited has said operational challenges, including staggering N600 billion debts owed by the Nigeria Bulk…