Business

The founder of leading investment management firm, ARM Holdings Company, Deji Alli, will step into the role of the chairman of the company following the retirement of Felix Ohiwerei from the firm. A…

Oil and gas companies are preparing to spend 60 percent more on fossil fuel exploration, according to data and industry executives. Analysts at Wood Mackenzie, a global oil sector consultancy, found that…

The National Association of Telecommunications Subscribers (NATCOMS) has called on the Nigerian Communications Commission (NCC) to approve a marginal 10% tariff increase for telecom companies to alleviate the…

The Federal Government has introduced a new bill seeking to exempt a range of essential products and services from Value Added Tax (VAT) as part of its efforts to ease the financial burden on citizens. The bill,…

A financial expert, Dr. Olutayo Obadina, has said that the government’s floating of the Naira is the cause of the current hardship being faced by Nigerians and not the fuel subsidy removal. Obadina, a PhD holder in…

FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment, which is subject to the approval of the…

Chevron Nigeria Limited (CNL) said it has discovered a new oil field in the shallow offshore area of the South South region of Nigeria. It was learnt that the new discovery estimated to hold 17,000 barrels of oil per…

The trial of Tigran Gambaryan, the detained executive of Binance Holdings Limited, has been stalled due to his absence from court. The officer from the Correctional Center was present in court, and said he got in touch…

The federal government has officially announced the termination of fuel and foreign exchange subsidies, marking the end of a long-debated policy. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this…

…Five more Africans made latest Billionaires Index President of Dangote Group, Aliko Dangote remains the richest man in Africa, and now the 65th richest…

Aliko Dangote, Africa’s richest man, has seen his wealth more than double to $28 billion following the long-awaited opening of his Nigerian oil refinery, according to the Bloomberg Billionaires Index. The…

Petrol queues in parts of Lagos and other states continue to spread over a huge deficit in the supply of Premium Motor Spirit (PMS),…

The Governor of the Central Bank, Yemi Cardoso, stated that the sharp drop in the value of the naira presents an opportunity for the country to boost its exports to other nations. Cardoso said this at the…

Nigeria’s petrol imports have dropped significantly in early October as the Dangote Refinery boosts its production to meet…

In today’s world, financial literacy has become an essential life skill, particularly…

The Central Bank governor, Olayemi Cardoso, has stated that the bank fast tracked the remittance of around $600 million through International Money Transfer Operators (IMTOs). He stated this yesterday…

Africa-focused e-commerce retailer, Jumia Technologies, will shut down its South African online fashion retailer, Zando and its Tunisian operations by the end of the year. CEO Francis Dufay revealed that the…

As part of activities marking the 2024 Global Sustainability Week, leading Cement manufacturer, Dangote…

A Nigerian citizen, Targema Steve, has filed a lawsuit at the Federal High Court in Lagos, requesting the court to dissolve the merger between NNPC Retail Limited, Nueoil Energy Limited, and OVH Energy Marketing…

•NUPRC concludes assessment, communicated decision to bidders in early August •Posers over…

The Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso, said yesterday that the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as at October 11. He also said though inflation had…

The federal government has formally handed over the Kashimbila Dam to KP Hydro Limited, a private firm belonging to former Minister of Defence, Theophilus Danjuma. The handing over took place at the Dam site…

Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has clarified that the four bills transmitted to the National Assembly on tax reforms by President Bola Ahmed Tinubu are not aimed at…

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says “strategic interventions” of the apex bank have produced encouraging outcomes. He stated this while making a presentation at a stakeholders’…