The U.S. has enforced 25% tariffs on steel and aluminum imports without exemptions, despite opposition from trade partners. The move, initiated by President Donald Trump, is...
The competition in Nigeria’s downstream oil sector intensified as major marketers offered lower prices compared to the N825 per litre gantry loading cost set by Dangote...
The Enugu State Government has pledged to investigate and arrest individuals operating an unauthorized revenue taskforce accused of extorting scavengers in the state. The Secretary to...
Oil prices recovered slightly on Tuesday after earlier declines, despite lingering concerns over a potential U.S. recession, the impact of tariffs on global economic growth, and...
Bitcoin and other major cryptocurrencies experienced a sharp decline on Tuesday as investor concerns over the U.S. economy and trade uncertainties triggered a market sell-off. The...
The House of Representatives has directed the Central Bank of Nigeria (CBN) to immediately halt the implementation of its newly introduced ATM transaction charges and the...
Elon Musk said X was hit by a major cyberattack on Monday as outages plagued users of the platform once known as Twitter. “There was (still...
Citigroup’s $81 Trillion Error Highlights Banking Risks for Nigeria In April 2024, Citigroup nearly made one of the biggest financial mistakes in banking history when it...
Mali’s former national football team captain, Seydou Keita, has invested $23 million in an agro-industrial complex in Sanankoroba, Mali. The facility was officially inaugurated by President...
The Federal Government of Nigeria has granted licenses for the construction of three new petrochemical refineries. This decision is part of efforts to boost the country’s...
Ethiopia has generated $30 million from ammunition exports over the past three months, marking a significant shift in its defense industry. The revenue comes as the...
The Enugu State High Court has issued an order restraining the Enugu Electricity Distribution Company (EEDC) from disconnecting power supply to Oranto Hotel & Tower Ltd....
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted licenses to three companies to establish new refineries in Abia, Delta, and Edo States. The...
A civil society organisation, Global Integrity Crusade Network (GICN), has retracted allegations of corruption and unwholesome activities made in a Private Investigation Report (PIR) against Guaranty...
A new initiative aimed at improving governance and business collaboration in the Niger Delta is set to launch with a structured breakfast meeting system. Inspired by...
The House of Representatives has directed Multichoice, the operator of DStv and GOtv, to suspend its planned subscription price hike due to the economic difficulties facing...
The Governor of Borno State, Babagana Zulum, has approved a two-year tax exemption for traders impacted by the flood disaster in September 2024 and the fire...
The Bayelsa State Government, through the Ministry of Agriculture and Natural Resources, has distributed rice seedlings and irrigation kits, including pumping machines and cassava stems, to...
Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In...
I wish to congratulate Your Excellency on the remarkable 5th anniversary of your administration and the significant developmental strides being implemented in Bayelsa. As a licensed...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay the...
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for pausing rate...
The Chairman of the Dangote Group, Aliko Dangote, has stated that the Nigerian government contributes only 15 percent to Nigeria’s Gross Domestic Product (GDP). The billionaire...
The Board and Management of Izon Microfinance Bank Limited have congratulated the Governor of Bayelsa state Senator Douye Diri on the ocassion of his 5th anniversary...
Justice Ibironke Harrison of the Lagos State High Court has ordered the arrest of Access Bank’s acting Managing Director, Bolaji Agbede and three others for allegedly...
Nigeria’s biggest telecom operator, MTN, said it is targeting better telecom services following the approval of a 50 percent tariff adjustment by the Nigerian Communications Commission....
In a statement released by its communication advisor Michael Osunnuyi, Mr Onasanya dismissed the accusation as “baseless,” and “unfounded” noting the unease it has caused among...
•Reiterates validity of old N1000, N500, N200 denominations The Central Bank of Nigeria (CBN) yesterday said it has fined nine banks N1.35 billion for failing to...
The Nigerian National Petroleum Company Limited (NNPCL) has been accused of financial irregularities by the Auditor-General of the Federation, who claims that the company diverted ₦2.68...
Nigeria’s Securities and Exchange Commission, SEC, has vowed to deal with Ponzi scheme operators and ‘bad operators’ in the country’s capital market. Director General of SEC,...
MTN Nigeria has submitted a proposal to the Nigerian Communications Commission (NCC) seeking approval for a 100% increase in service tariffs, citing mounting operational pressures. The...
