Segun Alebiosun to serve as acting CEO of First Bank
Segun Alebiosun, currently the Executive Director and Chief Risk Officer, is likely to become the acting Managing…
Stable Naira appreciation expected to ease Inflation
Analysts predict that the recent stability in Nigeria's foreign exchange market, along with the strengthening of…
Dangote diesel supply to displace European imports
BusinessDay's investigation reveals that the Dangote oil refinery's diesel supply is set to replace the…
10 Of 39 MDAs scored above 50% in business facilitation — PEBEC
The Presidential Enabling Business Environment Council (PEBEC) has revealed that only 10 out of 39 government…
FG expects $2.2 billion World Bank loan and AfDB budget
The Federal Government of Nigeria anticipates receiving a $2.2 billion single-digit interest loan from the World…
Transcorp hotel reports 36.2% revenue growth
Transcorp Hotel Plc has revealed a notable increase of 36.2% in its revenue for the year 2023. During a…
Dana Air introduces health initiatives for staff and customers
Dana Air, a prominent Nigerian airline plans to host health talks and screenings for staff and regular customers,…
Massive banking stocks sell-off persists
The banking sector witnessed a significant sell-off last week ahead of the Central Bank of Nigeria's (CBN)…
FG to commercialize FMBN to enhance housing delivery
The Federal Government says it is reviewing loans and projects estimated at $500m executed by the Nigerian Content…
FG reviews $500 million loans and projects by NCDMB
The Federal Government is conducting a review of loans and projects totaling $500 million executed by the Nigerian…
Aviation threatens strike over aviation agencies’ revenue deduction
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) has issued a threat of industrial action…
Afriland Properties records 34% increase in profit
Afriland Properties Plc, a property management, investment, and development company, has reported a profit before…
Sub-Saharan Africa incomes falling further behind rest of world, says IMF
The International Monetary Fund (IMF) has highlighted that incomes in Sub-Saharan Africa are falling further…
Risk sensitive South African rand weakens as geopolitical tensions bite
South Africa's rand experienced volatility in early Friday trading following reports of an Israeli attack on Iran,…
Ghana deal with bondholders ‘a matter of time’, says IMF official
An IMF official stated that Ghana reaching a restructuring agreement with holders of its international bonds is…
Report shows FG may criminalise fiber cable damage -Report
Nigeria is taking steps to make it a crime to damage broadband fiber cables following complaints from major…
SEC vows to block illicit funds in capital market
The Securities and Exchange Commission (SEC) is taking a firm stance against the influx of illicit funds into the…
Banks set for aggressive dividend payouts- Report
A report by Ernst and Young Global Limited (EY) suggests that Nigerian banks are gearing up for robust dividend…
Nigeria issues N8 trillion in securities to boost economy- Minister
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, revealed that the fiscal…
Rising unemployment make Nigerians tap into pension savings
As unemployment rates climb in Nigeria, pension savings have become a vital source of immediate financial support…
Binance collaborates with gov over detention of executives
The Economic and Financial Crimes Commission (EFCC) of Nigeria is prosecuting Binance for alleged money laundering…
Ecobank repays $500 million eurobond
Ayo Adepoju, Group Chief Financial Officer of ETI, highlighted that the Eurobond, issued in April 2019, received…
Paddy prices begin to decline
Over the past three years, the cost of paddy ranged from N9,000 to N20,000 per 100kg bag, influenced by factors…
Google fires 28 employees after protest over Israeli contract
Google has terminated the employment of 28 employees following a sit-down protest organized by the group "No Tech…
Dangote Refinery utilizes cheaper US oil imports- reports
The Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, is capitalizing on cheaper oil imports…
Reps urges SEC and FRC to resolve N45 Billion revenue dispute
The House of Representatives Public Accounts Committee has instructed the Securities and Exchange Commission (SEC)…
CBN tightens monetary policy, limits banks’ ability to lend
In Nigeria, the Central Bank (CBN) is taking steps to control inflation by tightening its monetary policy, but…
Access bank to reward 15,786 customers in DiamondXtra campaign
Access Bank has unveiled its Season 16 DiamondXtra campaign, aiming to reward its loyal customers with exciting…
Tinubu applauds Dangote Group for diesel price reduction
President Bola Tinubu has praised Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil…
Tariff increase to worsen economic instability — private sector
The Organised Private Sector (OPSN), composed of prominent Business Membership Organisations (BMOs), has raised…