Business

Lomond School in Helensburgh, Argyll and Bute, has become the first UK private school to accept tuition payments in Bitcoin. The independent boarding school, which charges up to £38,000 per year, said the move followed…

As Nigeria’s capital market closed the first quarter of 2025 on a bullish note, a number of influential women stood out not just for breaking glass ceilings, but for holding billions in equity across some of the…

Geregu Power Plc has published its interim financial statements for the first quarter ended March 31, 2025, reporting a pre-tax profit of N13.01 billion. This indicates a decline of 40.57% from the N21.9 billion…

…as banks risk suspension of operating licence Financial and economic analysts have raised concerns over a proposed bill at the House of Representatives which seeks to prohibit age restrictions for the…

Nigeria’s crude oil reserves have been projected to last for another 64 years, while its gas reserves could sustain the country for 93…

In a bold move to bridge its over N10 trillion infrastructure funding gap, the Lagos state government has spoken of plans to monetise its idle assets and raise a green bond. Governor Babajide Sanwo-Olu, who was…

U.S. investment bank J.P. Morgan has urged investors to exit long positions in Nigerian Open Market Operation (OMO) bills, warning that global risks—driven by falling oil prices and renewed trade tensions—could deepen…

China has retaliated against the U.S. President Donald Trump's reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, Customs Tariff Commission of the State Council said in a statement on Friday,…

•Says foreign portfolio outflows likely to accelerate  •Fitch: trade tensions, aid cuts to Nigeria, others won’t trigger downgrades Global financial…

The Nigerian Electricity Regulatory Commission (NERC) has sanctioned eight power distribution companies (DisCos) for noncompliance with the capping of estimated bills for unmetered customers. A statement yesterday, NERC…

African telecommunications giant, MTN Group, has announced plans to reduce its shareholding in MTN Nigeria through a public offer as it foresees the return…

In a dramatic turn of events, Nigeria’s Eurobond market has come under heavy pressure, echoing the shockwaves rippling through global financial markets. A bold and controversial move by U.S. President Donald Trump, who…

Have Dangote Cement’s pan-African operations plateaued as Chinese competition grows? In 2024, Dangote Cement soared past…

A Federal High Court, Lagos, has ordered First Bank Plc, to refund the sum of N1, 071,227,023.00 billion, erroneously received from Debt Management Office (DMO) as subsidy claims, Excess Bank interest and Foreign…

The Taleveras founder’s latest court victory highlights the intricate legal and financial manoeuvres that define Nigeria’s oil trade.…

President Tinubu’s dismissal of NNPC CEO Mele Kyari has sent ripples through Nigeria’s oil sector, creating opportunities for some……

The acquisition will create a luxury group with revenues of over 6 billion euros, which could better compete with industry giants such as the French conglomerates LVMH and Kering amid a slowdown in the sector worldwide.…

Tinubu’s economic plan is under strain as political unrest in Rivers State compounds revenue shortfalls.…

The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty. The greenback…

Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-gantry loading cost of petrol to ₦865 per litre. It was gathered that the $20bn refinery informed its marketers and customers of the slash on…

MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Nigeria and Uganda, while ensuring compliance with local regulatory and statutory requirements. A joint statement on…

The World Trade Organization chief said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. President Donald Trump…

Chairman of Transcorp Group, Mr Tony Elumelu, has said that Nigeria’s ambition to build a $1tn economy cannot be realised without urgent and sustained efforts to address challenges in the country’s electricity sector.…

Nigeria recorded a balance of payment (BOP) surplus of $6.83 billion in 2024, marking a sharp reversal from consecutive deficits posted in the prior two years. The latest figures, released by the Central Bank of…