Business

BUA Group and Hadiza Bala Usman, former managing director of the Nigerian Ports Authority (NPA), are locked in fresh spat over the termination of a Rivers port concession deal. The dispute started following an…

Over the past 50 years, the naira’s buying power has evaporated. In 1973, ₦100 could buy multiple bags of rice in Nigeria. Today, in 2025, it can barely…

Access Bank has announced the completion of the acquisition of the National Bank of Kenya (NBK) from KCB Group Plc, marking the conclusion of a transaction that began in March 2024. On April 14, the Central Bank of…

The Dangote Petrochemical Refinery will receive at least five million barrels of imported crude oil within the four weeks of July. A report by Reuters said the import delivery consisted of US West Texas Intermediate…

As Eid-el-Kabir approaches, many Muslims across Lagos and other cities are abandoning the tradition of slaughtering rams and are instead turning to more affordable options such as goats and chickens. Some are even…

No fewer than 40 oil licences will expire in June 2025, and the companies holding these assets may lose them unless the Minister of Petroleum renews their licences in accordance with the Petroleum Industry Act.…

Millions of Nationwide Building Society customers in the UK are about to receive £100 in free cash. This is part of the building society’s Fairer Share programme, which rewards loyal customers who meet specific…

Summary: Nigeria’s chronic power shortages have birthed a booming generator economy, powering everything from roadside stalls to…

Shell Nigeria Exploration and Production Company (SNEPCo), which operates the Bonga field, has signed a $150 million deal to acquire TotalEnergies’ 12.5…

• Manufacturer’s FX losses hit N1.62tr as cost of imported raw materials surge by 118% • ‘Only 37% of 200,000km road network motorable’ The …

Investors on the Nigerian Exchange (NGX) recorded a substantial gain of N4.1 trillion in market capitalisation in the month of May, marking one of the most…

In a country where many dream big but few dare to build empires, Ehonre Oluwaseun popularly known as Classic Baggie has…

President Bola Tinubu’s macroeconomic reforms and return to monetary orthodoxy shook the productive sector burdened by high energy costs and interest rates, ARINZE NWAFOR writes. However, industries have…

African Development Bank (AfDB) has granted a $134 million loan facility to the federal government for disbursement under the National…

The Securities and Exchange Commission (SEC) has warned the public against investing in Silverkuun Investment Cooperative Society or Silverkuun…

Nigeria’s public debt could rise sharply in the coming months, with the debt per citizen projected to reach nearly N800,000 if the Senate…

Investors behaviour in Nigeria’s bond market has shifted for a long term instrument following the preference for the longer-dated…

The Federal Inland Revenue Service (FIRS) has set an ambitious target to collect N20 trillion in tax revenue for 2025, while highlighting the…

In a thoughtful demonstration of support and encouragement, Moruf Oseni, the MD/CEO of Wema Bank, Nigeria’s oldest indigenous bank, most innovative and…

Tolu Abolade, a customer experience representative, cannot remember the last time she held more than…

Nigeria’s era as Africa’s largest fuel importer has ended following increased output from the Dangote refinery, according to Bloomberg. Citing an energy consultancy firm in a report on Wednesday, Bloomberg said the…

The Debt Management Office (DMO) has announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an…

Nigeria’s foreign exchange (FX) market is witnessing a historic turnaround as average daily turnover approaches $500 million, a sign that the authorities'…

Four years after successfully reopening its flagship store in Lekki Phase 1, Lagos, following a major renovation, Wear It All Luxury, the upscale fashion brand owned…