Business

South African grocery retailer Pick n Pay is set to exit the Nigerian market by selling its 51% stake in a joint venture, as part of a broader restructuring strategy outside its home market, CEO Sean Summers announced…

FBNHoldings Plc has opened its Rights Issue, offering 5.983 billion ordinary shares at 50k each, priced at N25 per share, totalling N150…

... becomes the largest operator of CNG trucks in Nigeria In a demonstration of its support for President Bola…

The U.S. on Thursday deployed a plane outfitted with medical supplies to retrieve Tigran Gambaryan, an executive of Binance Holdings Limited, from Nigeria. According to The New York Times, Gambaryan left the…

Nigerians spend a staggering N327.05 billion annually on petrol and diesel, according to a new report by the National Bureau of Statistics (NBS). The report, which was the latest Nigeria Residential Energy Demand-Side…

The Central Bank of Nigeria (CBN) and the Attorney General of the Federation (AGF) have cited 17 grounds why the Court of Appeal in Abuja should quash the judgment of the Federal High Court, Abuja which ordered the…

Guinness Nigeria Plc has announced the resignation of Mr. Emmanuel Difom as Director, Finance and Strategy and onward appointment of Mr. Mayank Kabra in his place effective on the 1st of November, 2024. In a statement on…

Wema Bank, Nigeria’s foremost innovative app and pioneer of Africa’s first fully digital bank, ALAT, is breaking new ground by pioneering yet another industry first;…

Oando Plc says the Nigerian Agip Oil Company (NAOC) deal delayed the release of its 2023 audited financial statements (AFS).…

Dangote Refinery has supplied about 79.4 million litres of petrol by sea to the local market, marking a significant boost to Nigeria’s…

Afam Ogene, the Labour Party caucus leader in the House of Representatives, has faulted the Central Bank of Nigeria (CBN) over its indecisiveness…

Nvidia has seized the crown as the world’s most valuable company, briefly eclipsing Apple in a remarkable show of market dominance driven by increased demand for its advanced AI chips. This milestone shows Nvidia’s…

Nigeria’s foreign reserves hit $40.2 billion in October 2024 from $38.4 billion reported in September. This was disclosed by Olayemi Cardoso, Central Bank governor, during an investors’ meeting in Washington DC, the…

The World Bank has revealed that non-performing loans across Nigerian banks have reached an alarming 5.1 percent, according to a report. The Nigeria Development Update published by the global apex bank disclosed that…

The federal government yesterday said that for over 12 years Nigeria had not done much oil exploration, but noted that with the increasing…

Nigerian singer and songwriter Inetimi Odom, popularly known as Timaya, has expressed concern over the soaring costs of music video production and promotion, which, according to him, now exceed ₦100 million. The…

As the trial of four bloggers charged with alleged defamation and Cyberstalking Guaranty Trust Holding Company as well as its Management resumed today, the…

The United States has appreciated the Nigerian government for releasing the Binance Holdings Limited executive, Tigran Gambaryan. Mr Gambaryan, an American and senior employee at the cryptocurrency exchange, who had…

MTN Nigeria suffered more than 6,000 cuts on its fibre cable between 2022 and 2023, resulting in N11 billion loss, telecom infrastructure company (IHS), has said. IHS manages infrastructure on behalf of some telecom…

The Central Bank of Nigeria (CBN) says Nigerians should disregard claims that the old naira notes will cease to be legal tender on December 31,…

The Chief Executive Officer of Binance Holdings Limited, Richard Teng, has reacted to the decision of the Nigerian government to drop all money laundering charges against its executive, Tigran Gambaryan. Teng…

Tigran Gambaryan, a Binance executive initially charged with tax and money laundering charges by the federal government, has left Nigeria after eight months in detention. In a statement to journalists, a family…

President Bola Tinubu wants filling stations converted to Compressed Natural Gas (CNG) outlets, according to Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas). The Minister said this while addressing State…

Wale Edun, minister of finance and coordinating minister of the economy, says the $500 million domestic bond was oversubscribed despite warnings…