Business

…Subsidiaries hit Ogun trade fair Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the…

Femi Otedola’s close relationships with influential figures in both business and politics serve as pillars of strength, propelling him forward…

The Philippines Security and Exchange Commission (SEC) has ordered Apple and Google to remove Binance app from their respective App stores for users in the Philippines. According to CoinTelegraph, a press release by the…

Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per…

The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change (BDC) operators, informing them of direct sales of US dollars at a discounted rate of N1,021 per dollar. This move marks the second…

Shareholders of Guaranty Trust Holding Company (GTCO) Plc will receive a total dividend of N94.180 billion for the financial year ending December 2023, representing a reward of N3.20 for each share held. It was the board…

The naira on Wednesday depreciated further to N1,260 per dollar at the parallel section of the foreign exchange (FX) market. The latest figure represents a 2.44 percent drop from the N1,230 per dollar on April 19.…

The federal government on Monday, April 22, vowed to sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the next three months to…

Officials of the Federal Competition and Consumer and Protection Commission (FCCPC) have sealed up an Abuja-based Chinese supermarket situated at the China General Chamber of Commerce. The FCCPC officials shut the…

You work hard for your cash, big pile or small. Naturally, you want it protected and passed to relevant parties after you are gone. That is where trustees come in, and they are not just…

Analyst at the Standard and Poor’s’ Global Commodities Insights have projected that the Dangote refinery will start supply of petrol in the fourth quarter of this year rather than the next month being stated by the…

Following his arrest, the Kenya Police Service is expediting moves to extradite fugitive Binance executive, Nadeem Anjarwalla, to Nigeria within the week, The PUNCH has learnt. Anjarwalla who escaped from lawful custody…

United Bank For Africa Plc (UBA) has said it has filed an application to halt the sale of the assets of a construction firm, Borini Prono and Company Nigeria Limited. It…

The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor, spoke on April 20 during a press conference held at the annual…

The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week. Government sources familiar with…

Segun Alebiosun, the Executive Director and Chief Risk Officer appears set to be named the acting Managing Director and Chief Executive of Nigeria’s oldest financial institution, First Bank. He is expected to take the…

West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP) has sacked the immediate former MD/CEO of the electricity distribution company, Ms Tinuade Sanda. Sanda’s appointment with WPG Ltd…

The Federal Government on Saturday announced that it has qualified for processing a loan, described as ‘virtually a grant’ of $2.25 billion from the World Bank at 1 percent interest rate. Wale Edun, the finance minister,…

Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group have faulted a recent decision by the Central Bank of Nigeria directing deposit money banks to stop the use of foreign currencies as…

The federal government says it is considering the issuance of a diaspora bond to boost remittances. Wale Edun, the minister of finance and coordinating minister of the economy, disclosed this to journalists at a…

The Economic and Financial Crimes Commission has instituted a further crackdown on currency speculators and cryptocurrency platforms manipulating the naira, Sunday PUNCH has learnt. Impeccable sources within the…

The Governor of the Central Bank, Olayemi Cardoso, has stated that the apex bank is no longer in “firefighting” mode and has now switched to strategic planning in its efforts to achieve forex stability. This…

Speculators count losses as naira rises against dollar Naira will continue to appreciate against dollar – Shettima The Naira appears to be up against a…

Vice-President Kashim Shettima says President Bola Tinubu ended petrol subsidy and multiple exchange rates in the official market because they were…