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Business
CBN, SEC okay Ecobank custody business
Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission (SEC) and the Central!-->…
Naira shows strength, dollar hits two-year low against British Pound
The Nigerian Naira strengthened against the US dollar during Friday's trading session, appreciating to N1570.14/$!-->…
We support NDC’s fixed rate proposal on imports – Abossey Okai Spare Parts Dealers
Ireland has donated €200,000 to the World Trade Organization's (WTO) Standards and Trade Development Facility!-->…
Nigeria’s domestic dollar bond steals Eurobond shine
Jamiu Agah, a Lagos-based IT consultant, is one of many Nigerians excited about the Federal Government’s new!-->…
FG’s million-dollar oil surveillance contract duplication raises questions
The Federal Government is embroiled in controversy over allegations of awarding duplicated oil contracts worth!-->…
No Nigerian airline’ll survive current economic crisis –Fairfax Africa Fund…
Fairfax Africa Fund, backers of the failed Nigeria Air project, has forecasted the collapse of all but one!-->…
Cost of living crisis eases as prices of garri, potato, tomato drop
Food prices in Nigeria have started to decrease for the first time in 18 months, offering relief to households!-->…
Canada moves to end rail shutdown quickly; CN workers to return to work
Workers at Canadian National Railway (CNR) will return to work on Friday after the Canadian government intervened!-->…
Grocery stores boost political donations even as Democrats take aim
Political donations from major food companies to Democratic lawmakers have risen in the current congressional!-->…
Infinity Trust Mortgage Bank plans N50bn capital raise
Infinity Trust Mortgage Bank Plc has unveiled plans to raise N50 billion through private placement to bolster its!-->…
NGX Regco backs FRC on new reporting standards
Olufemi Shobanjo, CEO of NGX Regulation Limited, praised the Financial Reporting Council of Nigeria (FRCN) for its!-->…
FG installs power plants in six federal universities
The Federal Government, through the Rural Electrification Agency (REA), has successfully installed power plants in!-->…
FG deficit rose to N824bn in April – CBN
Nigeria's fiscal deficit increased marginally by 0.1% to N824.79 billion in April 2024, up from N823.91 billion in!-->…
FAAN, NAQS forge partnership to boost air agro export
The Federal Airports Authority of Nigeria (FAAN) has teamed up with the Nigerian Agricultural Quarantine Services!-->…
… Says President, Wale Tinubu not involved in OVH acquisition
NNPC Ltd has refuted allegations that President Bola Tinubu or his relative, Wale Tinubu, were involved in the!-->…
Oando finalises $783m acquisition of NAOC
Oando PLC has completed its $783 million acquisition of Nigerian Agip Oil Company (NAOC), Eni’s Nigerian!-->…
Kolomoni MFB appoints MD
Kolomoni Microfinance Bank has announced the appointment of Yusuf Adeojo as its new Managing Director.
The!-->!-->!-->…
Shares gain, dollar subdued as Fed readies rate cuts
European stocks saw a slight rise on Thursday, with the STOXX 600 index gaining 0.3%, supported by retail stocks.
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Euro zone business activity gets boost from Olympics, PMI shows
Euro zone business activity showed unexpected strength in August, with the composite PMI rising to 51.2 from!-->…
Germany plans majority stake in cruise ship builder, sources say
The German government, along with the state of Lower Saxony, plans to take a temporary majority stake in Meyer!-->…
NBA Urges Full Support for Dangote Refinery to End Fuel Scarcity in Nigeria
The Nigerian Bar Association (NBA) has called for the full implementation of President Bola Ahmed Tinubu's!-->…
FRC to tackle audit failures with new initiative
The Financial Reporting Council of Nigeria (FRC) has reinforced its commitment to enhancing audit oversight and!-->…
NCC orders telcos to block SIM cards 5 minutes after they are reported stolen
The Nigerian Communications Commission (NCC) has issued a directive requiring all telecommunications companies to!-->…
Crude sales in naira’ll exacerbate FX crisis, oil producers warn
The Independent Petroleum Producers Group (IPPG) has cautioned the Nigerian government about the potential!-->…
Elon Musk Set To Build Starlink Ground Stations Across Nigeria
Elon Musk’s internet company, Starlink, is making significant progress in Nigeria by establishing ground stations!-->…
SUNU Assurances pays out N2.08bn in Claims
SUNU Assurances Nigeria Plc has paid out N2.08 billion in claims to its customers during the 2023 financial year,!-->…
United Capital’s Share Price Soars 31% in August, Becoming Third…
United Capital’s share price rose by 31% in August 2024, reaching N17, making it the third best-performing stock!-->…
Aviation workers halt planned protest over revenue slash
Aviation workers have called off their planned protest against the Federal Government's 50% revenue collection!-->…
Domestic airlines ground 42 aircraft over forex shortage
In the past two years, 42 domestic aircraft in Nigeria have been grounded due to a severe shortage of foreign!-->…
5 banks budget N222bn for cybersecurity
Five major Nigerian banks are raising capital to meet new Central Bank of Nigeria requirements.
They plan to!-->!-->!-->…