Business

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…

The Board of FirstBank has approved the appointment of Mr Olusegun Alebiosu, currently Acting Managing Director/Chief Executive Officer, as the Managing Director/Chief Executive Officer, of FirstBank Group; Ini…

…economic woes, high debt fueling exit …African Industries, Bharti bidding Indian steel maker, Aarti,…

A Federal High Court in Abuja, today, dismissed a fundamental rights enforcement suit filed by fleeing Binance Holdings Ltd’s executive, Nadeem Anjarwalla, against the National Security Adviser, Mallam Nuhu Ribadu and …

Documents have shown how the $6,230,000 cash allegedly stolen from the Central Bank of Nigeria (CBN), on February 8, 2023, was shared. President Bola Tinubu had set up a special investigative team, led by Jim Obaze, to…

Nigeria has been projected to lose 300 millionaires at home to another country in 2024, according to a report on migration by Henley & Partners.  According to the report seen by Nairametrics,…

Mr. Sam Onukwue is the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON) and a Fellow of the Chartered Institute of Stockbrokers (CIS).  In this interview with Nairametrics, he…

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has added 17 new deep offshore oil blocks to the 2024 oil bid round, bringing the total blocks on offer to 36. The blocks which are located across onshore…

As United States and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void, Bloomberg reports. Last week, London-based Diageo Plc sold its controlling stake in Guinness…

Struggling telecommunications company, Ntel is preparing to bounce back with the appointment of a former MTN Nigeria CEO, Adrian Wood, to lead the company in its restructuring and rebranding bid.  To that effect,…

The growing smartphone penetration in Nigeria and a shift towards mobile applications as the preferred means of conducting transactions is driving online transfers, relegating ATM transactions to the background. The…

Nairametrics can confirm that Femi Otedola, chairman of FBN Holdings and principal owner of Geregu Power, has settled his dispute against Zenith Bank, which was previously filed before a Federal High Court.…

Although the Lagos State government is making efforts to encourage investment in real estate and improve the ease of doing business in that sector, investors are still uncomfortable with the multiple requirements…

Pay-TV operator, Multichoice recorded significant growth in its betting business in Nigeria for the financial year ended March 31, 2024, as users of its betting platform, KingMakers, increased by 37%.  The company disclosed…