Business

… As Dangote reassures on the commencement of petrol production this July International financial analytics corporation, S&P Global, has described the 650,000…

Crypto investors lost $664m to hackers in the first half of the year, marking a more than 50 per cent increase compared to the same period last year, according to data from DefiLlama. The largest aggregator…

The Corporate Affairs Commission has announced the approval to extend the mandatory Point of Sales agents, super agents and sole agents registration to September 5th, 2024. The commission made the announcement in a…

Julius Rone stands at the forefront of Nigeria’s energy sector as the CEO of UTM Offshore, a company spearheading the development of the country’s inaugural…

The Board of Directors of Tolaram, one of Nigeria’s leading conglomerates, has appointed Adesuwa Ladoja as the Managing Director/Chief Executive Officer of the…

A Federal High Court in Lagos on Wednesday dismissed a No-Case-Submission application filed by three Directors of an oil firm, Petro Union…

The International Air Transport Association (IATA) has praised the Nigerian government for its swift action in clearing the backlog of foreign airlines’ trapped funds, amounting to over $831million . This…

KuCoin, a cryptocurrency exchange, says it will commence collection of a 7.5 percent value-added…

Nigeria’s debt to petrol traders has surpassed $6 billion, doubling since early April, as the state oil firm, Nigerian National Petroleum Corporation (NNPC), struggles to cover the gap between fixed pump prices and…

Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary.  The appointment…

The Federal Government through the Ministry of Solid Minerals Development has raised the dues and rates paid by operators in the mining sector. The Minister of Solid Minerals Development, Dele Alake, announced the price…

The Nigerian Exchange was the best-performing stock market in Africa in the first half of 2024, with a 33.81% growth in its All-Share Index.  The first half of 2024 was a bullish period for capital markets worldwide, as…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Oando PLC has completed the acquisition of 100%  shares of Nigerian Agip Oil Company Limited (NAOC Ltd).   NUPRC Chief Executive,…

Former Globus Bank employee, Babatunde Idris Olayiwola, has refuted allegations of involvement in a large-scale financial fraud, asserting that internal unethical practices prompted his departure from the bank. On…

The Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, has disclosed that vehicle importation dropped by 45 per cent in the first quarter of 2024, due to foreign exchange challenges in the…

In August 2023, GSK UK PLC, formerly known as GlaxoSmithKline PLC, a British multinational pharmaceutical and biotechnology company, announced plans to discontinue its operations in Nigeria. This was after the company,…

Minister of State for Petroleum Resources, Heineken Lokpobiri, has confirmed that the ongoing negotiations to end the disputes surrounding oil mining license (OML 245) have been concluded and the block will resume…

Africa’s richest man, Aliko Dangote, has recounted the challenges his venture faced in Nigeria’s textile industry during the boom o, resulting in his company losing billions of naira in investment.  Dangote shared…

  Today, the Dutch Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) signed a $25 million NASIRA guarantee…

Chairman of the Dangote Group, Aliko Dangote, has criticised the hike of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). Speaking at the Banquet Hall of the State House, Abuja, during…

Workers of a Kano-based tea company, Z&Y Black Tea, on Monday staged a protest at Government House, Kano, over alleged sabotage of the company’s…

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has clarified its over $1.3 billion onshore oil assets sale to Renaissance Consortium. SPDC’s legal team in a counter affidavit in suit number…

The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m. The European Union Ambassador to Nigeria and the ECOWAS, Samuela Isopi, revealed this at the 9th edition of the…

Nigeria’s new Dangote oil refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners, according to traders and shipping data.  According to Reuters, the $20 billion…