Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Business
Africa’s Finest: 6th Edition of The GTCO Fashion Weekend Holds in November
The Fashion Industry is in for another exciting experience as the GTCO Fashion Weekend returns for its 6th edition in November. The highly…
To deepen gas development, Asiko Group unveils LNG, CNG depot in Benin
Asiko, a provider of clean energy solutions operating in Nigeria’s energy sector has unveiled a 300 Metric Tonnes Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) depot in Utesi, Ikpoba Okha local…
Oil companies, agencies owe FG $9.85bn revenue – NEITI
The Nigeria Extractive Industries Transparency Initiative, on Monday, disclosed the total unremitted revenues to the federation by some relevant government agencies…
CBN: Commercial Banks MDs Oppose Cardoso, New Deputies Appointments
President Bola Tinubu’s appointment of Cardoso and the four new deputy governors of the CBN may have run into a…
BREAKING: Price of Qua Iboe hits over $100 per barrel on supply deficit
The price of Qua Iboe, Nigerian premium crude, has surpassed $100 per barrel as the global market continues to suffer a supply deficit. This is the first time since 2022 when the volatile market showed recovery from…
NGX gains N264bn amid Cardoso’s nomination
The Nigerian Exchange (NGX) opened the trading week in positive territory as Investors reacted to President Tinubu’s nomination of Cardoso as the new CBN Governor. President Bola Tinubu had on September 15,…
Henessy is most preferred luxury alcohol in Nigeria – Report
French cognac, Hennessy, owned by Moët Hennessy (a subsidiary of LVMH), is the preferred cognac brand in Nigeria and throughout Africa, according to a recent consumer study conducted by market research firm Sagaci…
Oando plc 2021 full-year pre-tax profits jump 133% on the back of net reversal of impairment of…
Oando Plc has just released its audited results for the full year of 2021 showing pre-tax profits grew by 133.12% year on year, reaching N44.474 billion. Key highlights 2021 FY vs 2020 FY Revenue …
Naira redesign: Falana says Emefiele, CBN lied, accuses them of incitement, homicide
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has accused the Central Bank of Nigeria and its suspended Governor, Godwin Emefiele, of lying to Nigerians over the availability of cash during its…
Seplat Energy raises concerns over fraudulent purchase orders
Seplat Energy Plc has raised concerns over fraudulent activities involving purchase orders and requests for quotations. The energy giant made this clarification via a media press release as seen by Nairametrics. What…
12.5 kg Cooking gas set to hit N18,000 by December
Gas retailers have warned that the price of 12.5kg Liquefied Petroleum Gas (LPG) otherwise known as cooking gas may hit N18,000 by December if the Federal Government does not restrict the activities of the terminal…
Inflation: CBN should pause interest rate hikes – LCCI
The Central Bank of Nigeria should pause interest rate hikes to relieve the pressures on the supply side affecting inflation. Businesses operating in Nigeria are also expected to adopt more cost-cutting…
FG Still Practicing Quasi-subsidy, Expect Fuel Price Hike – Oil Marketers
Nigerians have been told to expect another hike in the pump price of petrol. This is as a result of the rise in the cost of crude oil, coupled with the depreciation of…
Less than 40m Nigerians paying tax – RMAFC boss laments
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Muhammad Shehu, has said less than 40 million Nigerians are captured paying their taxes. He said this…
At 2.66tn, Currency in Circulation Hits Record High in 2023
The Central Bank of Nigeria (CBN) has revealed that currency in circulation increased to N2.66trillion in August from N2.6trillion in July amid…
Fresh hike in price of rice looms over scarcity of paddy
There are fresh indications on the imminent hike in the price of rice – considered as the most common staple food…
Marketers eye fresh fuel price hike as crude hits $94
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol, oil marketers…
CBN’s top officials on tightrope as special investigation peaks
• Investigators embark on lifestyle audit of top executives • Emefiele resigns ahead of Cardoso’s nomination, says report • Deputy govs, other top…
Beneficiaries complain as CBN moves to recover COVID-19 loans
Central Bank of Nigeria (CBN) is set to recover loans it granted some Nigerians to ameliorate harsh socio-economic…
New report shows Nigerians spent N517billion on beer from January to June 2023
Consumers of alcoholic beverages in Nigeria drank beer worth N517.29 billion between January and June 2023, data from companies that filed their financial results with the Nigerian Exchange Limited (NGX) revealed.…
Solid minerals: Dele Alake woos investors, promises profit repatriation
The Minister of Solid Minerals Development, Dele Alake, reached out to investors yesterday, encouraging them and promising that they can profit from their investments in the sector. Alake made this commitment…
Profile: Rasheed Jaiyeola, Bukka Hut founder, elevating Nigerian cuisine in QSR industry
Whoever said fine dining cannot be associated with Nigerian meals has never walked into a Bukka Hut outlet. A little over a decade ago, an ambitious man- Rasheed Jaiyeola saw a gap in the QSR industry and…
Exchange rate tops expectations from new CBN governor
A stable exchange rate, inflation rate and single-digit interest rate are highlighted as the topmost priority for Olayemi Michael Cardoso, the new Governor of the Central Bank of Nigeria (CBN). The appointment…
BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu
The Chairman of BUA Group, Abdul-Samad Rabiu, says the company is set to reduce the price of cement in Nigeria. He disclosed this on Friday while speaking ith State House correspondents after meeting with…