Business

Minister of State for Petroleum Resources, Heineken Lokpobiri, has confirmed that the ongoing negotiations to end the disputes surrounding oil mining license (OML 245) have been concluded and the block will resume…

Africa’s richest man, Aliko Dangote, has recounted the challenges his venture faced in Nigeria’s textile industry during the boom o, resulting in his company losing billions of naira in investment.  Dangote shared…

  Today, the Dutch Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) signed a $25 million NASIRA guarantee…

Chairman of the Dangote Group, Aliko Dangote, has criticised the hike of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). Speaking at the Banquet Hall of the State House, Abuja, during…

Workers of a Kano-based tea company, Z&Y Black Tea, on Monday staged a protest at Government House, Kano, over alleged sabotage of the company’s…

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has clarified its over $1.3 billion onshore oil assets sale to Renaissance Consortium. SPDC’s legal team in a counter affidavit in suit number…

The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m. The European Union Ambassador to Nigeria and the ECOWAS, Samuela Isopi, revealed this at the 9th edition of the…

Nigeria’s new Dangote oil refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners, according to traders and shipping data.  According to Reuters, the $20 billion…

Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024.  The latest money and credit statistics data from the Central Bank of Nigeria (CBN)…

The federal government has approved a new withholding tax regime for the country and introduced key changes to the previous tax regime such as reduction of rates for businesses with low margins and measures to curb…

…Capital triples to $3.4bn in one year …Anambra, Ogun, Kaduna, others record no investment Foreign investments into Nigeria rose to the highest in four years in the first quarter of 2024 largely on the…

The Central Bank of Nigeria (CBN) has raised the alarm over the increasing transaction volumes of Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) which he said posed major financial…

The National Bureau of Statistics (NBS) says two states and the Federal Capital Territory (FCT) contributed to the country’s capital importation in the first quarter (Q1) of 2024. In a report on Monday titled…

The naira ended a five-day depreciation streak on Monday at the parallel section of the foreign exchange (FX) market. Nigeria’s local currency appreciated by 0.98 percent or N15 to N1,510/$ — from the N1,525/$…

Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has announced dates for the 2024 GTCO Autism Program and follow-up consultations. This…

Okay, let's bust some pension myths and inject some fun into your future financial planning! Myth #1 - Pensions are only for older…

Indians in diaspora sent a record $120 billion back home in 2023, surpassing the $100 billion mark for the second consecutive year. This amount is nearly double the combined total of net foreign investments—both…

The Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification…

The Nigerian Economic Summit Group (NESG) has backed the recent decision of the Central Bank of Nigeria to discontinue the Price Verification System (PVS) for foreign exchange transactions, saying it will remove…

…Experts warn on harmful concoctions As prices of fresh tomatoes and pepperskyrocket, many Nigerian households have devised means to cope with the situation. Nutrition experts have however, advised on the…

The Central Bank of Nigeria (CBN) has issued fresh guidelines on foreign currency deposits by deposit money banks (DMBs). CBN made this known in a circular signed by Solaja Olayemi, its acting director of the currency…

President Bola Tinubu has signed an executive order to introduce zero tariffs, excise duties and value added tax (VAT) on imported pharmaceutical inputs. In a statement on Friday, Muhammad Ali Pate, coordinating…

• Blame NNPCL for Dangote Refinery’s woes, expert says• Group urges Tinubu to protect facility from saboteurs  Crude Oil Refineries Association of Nigeria (CORAN) has backed Dangote Oil Refinery and Petrochemicals…

Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first…