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Legendary Italian designer Giorgio Armani dies
Giorgio Armani, the visionary designer who transformed global fashion with his understated elegance and business savvy, has died at 91, according to a statement from the Armani…
FACT CHECK: Is Tinubu’s claim of meeting Naira at N1,900/$ exchange rate in 2023 correct?
President Bola Ahmed Tinubu claimed in a speech on Wednesday, September 3, 2025, that when he took office on May 29, 2023, the exchange rate was ₦1,900 to $1, and it had improved to ₦1,450 by August 2025.…
Digital lenders face N100 million fine for consumer abuse, data privacy violations
The Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional…
Dangote denies owning truck that caused the Enugu accident
…Says investigation shows owner as Visco Investment Global Limited
The Management of Dangote Industries Limited, (DIL), has clarified that the…
Naira was N1,900/$ when I took over, now N1,450 — Tinubu
President Bola Ahmed Tinubu has stated that the naira has strengthened against the dollar under his watch, moving from N1,900/$ when he assumed office to N1,450/$ at present.
Speaking on Tuesday while receiving…
BPE to list 2 Discos, one Genco on stock exchange
…eyes ₦312bn revenue for 2025 amid reform push
In a bold move aimed at deepening investor participation in Nigeria’s power sector, the Bureau of Public Enterprises (BPE) is, for the first time,…
Marketers continue imports as Dangote petrol arrives US
The Dangote Petroleum Refinery last week made its first Premium Motor Spirit (petrol) shipment to the United States, while local marketers insisted on fuel importation. This confirmed earlier reports that the…
CNG price hits N450/SCM as FG withdraws subsidies
Amid long queues and insufficient refilling stations, the cost of one standard cubic metre of Compressed Natural Gas has jumped from N230 to N450. Our correspondent gathered from retailers that the government…
Four New Millionaires Emerge In Season 10 Of FCMB Millionaire Promo
A mechanic in Lagos, a computer technician in Osun, a retired civil servant in Abuja, and a wood merchant in Imo are the latest everyday Nigerians to become…
Local carriers struggle as foreign airlines rake in $1.7b from Nigerian market
• 18 foreign airlines offer 54,997 weekly seats out of Nigeria
• Nigerian carriers…
Providus/Unity Bank merger: Shareholders to get N3.18 per share
…or 18 ordinary shares in Providus for every 17 held in Unity Bank
The Federal High Court sitting in Lagos has directed that a meeting of the holders of…
Exchange rate: Forex traders say Chinese traders now collecting naira instead of dollars
Forex traders have attributed the recent exchange rate stability to the success of Nigeria’s currency swap agreement with Chinese traders now collecting naira for its currency, the yuan, instead of dollars.…
Importers kick as shipping firm hikes surcharge by $500
Nigerian importers may spend more on imports this season as French shipping giant CMA CGM has announced a $500 new peak season surcharge on cargo bound for Nigerian and other West African ports.
The…
Dangote fuel exports surge amid foreign refineries’ shutdown
The Dangote Petroleum Refinery has lately exported more fuel to foreign nations as Saudi Aramco and others in the Middle East Gulf close refineries for maintenance, The PUNCH reports.
A senior officer at the…
Nestle sacks CEO over office romance
Swiss food giant, Nestle, on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate.”
The multinational behind Nespresso…
Nigeria’s power sector reforms fail where telecom triumphs
When Nigeria embarked on economic liberalisation in the late 1990s and early 2000s, the telecommunications industry emerged as the…
Naira firms to 1,531.57/$ on FX liquidity, reserves boost
The naira strengthened to 1,531.57/$ on Friday on the Nigerian Foreign Exchange Market, indicating a 0.23 per cent appreciation from the previous week, when it traded at 1,531.57/$.
On a month-on-month basis, the…
Union Bank completes merger with Titan Trust Bank
Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria.
In a statement on Sunday, the lender revealed…
Agents seek extension of ultimatum to clear overtime cargoes
Licensed agents have called on the Nigeria Customs Service to extend the two-week ultimatum given to importers to clear the 905 overtime cargoes lying at different terminals in Lagos State. These agents stated this…
In a Split Judgment, US Appeals Court Declares Trump’s Global Tariffs Illegal, President Vows to…
A divided United States Appeals Court at the weekend ruled that most of Donald Trump’s tariffs are illegal.Trump has, however, vowed to fight back “with the help of the United States Supreme Court.”
The…
Amid Excess Liquidity in Financial Sector, Banks’ Borrowing from CBN Slumps 28.2% to N2.9tn in…
Amid excess liquidity in the financial sector, banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by 28.2 per cent Year-on-Year (YoY) to N2.9 trillion in August 2025 from the N4.04 trillion recorded in…
GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion
Guaranty Trust Holding Company Plc (NGX: GTCO; LSE: GTCO), today announced that it has increased its investment in its wholly owned Banking subsidiary,…
Ghost projects, bribes & duplexes: Inside the hidden tax Nigerians pay
Nigerians aren’t just paying more at the market, data on the correlation between inflation and the Transparency International’s corruption index…
Non-oil sector powers Nigeria’s tax revenue to N17.4trn
…Constitutes 75% of tax revenues
…Surpass 2021 & 2022 combined tax earnings
Nigeria’s…