Business

What began as a routine digital system upgrade exercise by Sterling Bank in September swiftly morphed into an…

Poultry Association of Nigeria (PAN) has warned that if urgent steps are not taken to support poultry farmers, prices of eggs may increase from the current N5,500 to N10,000 per crate. They attributed the rising cost…

•We have to be extremely careful when we push for a complete deregulation – Muda Yusuf Against the backdrop of the presumed full deregulation of Premium Motor Spirit (PMS), also known as petrol, which was…

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has announced that the FPSO facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, is nearing completion and will soon…

The United States government has piled more charges on the earlier $20 million bank fraud case against Allen Onyema, the CEO…

Dangote Group, the owner of West Africa’s largest refinery, is set to begin crude oil production at its two Nigerian oil assets in the fourth quarter of…

Joint Venture partners including SPDC, NNPC Limited, TotalEnergies and Eni have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertilizer and Petrochemical project in Bayelsa State. A…

The Lagos Chamber of Commerce and Industry urges the Federal Government to provide crude oil to local refiners at a $/N1,000 exchange rate, to tackle the rising petrol prices. In a statement, the LCCI President,…

The Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to pay Kasmal International Services N579,130,698,440 with 10% interest per annum on the judgment sum for the period from January 1, 2015,…

A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new…

Justice Emeka Nwite of the Federal High Court in Abuja on Friday refused the fresh bail application of the detained Binance Holdings Executive, Tigran Gambaryan. Gambaryan’s lawyer, Mark Mordi (SAN), previously argued…

In efforts to fully deregulate the downstream sector, the federal government says oil marketers can now buy petroleum products directly from the Dangote refinery and other local producers with doing to the Nigerian…

Zenith Bank, one of Nigeria's foremost financial institutions, has successfully restored full operational services across its electronic…

The Nigerian Electricity Regulatory Commission says the total revenue collected by all electricity distribution companies in quarter two hit N431.16 billion. On Thursday, NERC announced this on its website in its…

The latest hike in the cost of petrol has pitched oil marketers against the national oil company with the Independent Petroleum Marketers Association of Nigeria (IPMAN) tackling the Nigerian National Petroleum…

The Central Bank of Nigeria (CBN) sold N65.03 billion worth of one-year treasury bills at 24.77 percent as a result of a small auction size. The amount sold was double the N30.7 billion offered by CBN, yet lower than…

…Carbon emissions in Lagos overshadow three African countries Nigerians spend a staggering $10 billion annually on petrol and generator maintenance, according to a new report by Sustainable Energy for All…

As the world celebrates the invaluable contributions of teachers on World Teachers' Day, Wema Bank proudly joins this global…

…Grenada PM says Dangote Refinery will save Africa from being a Dumping Ground The Prime Minister of Grenada, Dickon Mitchell, has described the Dangote…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the Nigerian National Petroleum Company Limited (NNPCL) owes it “almost N15 billion”.  “Roughly now, they are owing us almost getting to…

…Increasing financial burden on families A single in vitro fertilization (IVF) cycle in Nigeria now costs approximately N2.1 million ($2,730), reflecting a 250% increase from the 2019 range of N600,000…

Although the latest petrol pump price hike by the Nigerian National Petroleum Company (NNPC) Limited is seen as a step towards…

…as IMTO’s inflows hit $2.33bn The net foreign exchange inflows to Nigeria’s economy rose by 67.8 percent to $27.6 billion in the first half of 2024 (H1’24) from $16.44 billion in the corresponding period of…

…Portfolio investments rise 360% to $3.5bn in H1 …Investment growth linked to high-yield environment, reforms Foreign investments in the Nigerian equities market stood at $150 million in the second quarter…