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NAMA grounds operations of Arik Air over enforcement of the court judgment on $2.5m owed by the airline to Atlas Petroleum International Ltd.

Why we grounded planes of Arik Air – NAMA

Giving an insight into the debt and the legal tangle between Arik and Atlas Petroleum Ltd, NAMA said, “The records…
Dr. Dominic Joshua provides insights into crises of Dangote Refinery and implications for Nigeria's economy and foreign investment prospects.

Dangote Refinery’s regulatory battles and the future of Nigeria’s oil sector

The success of the Dangote Refinery is not merely a corporate milestone but a critical benchmark for Nigeria’s economic future.…
9mobile reconstitutes Board, names Etuh as Chairman, appoints Banigbe as MD/CEO

9mobile reconstitutes Board, names Etuh as Chairman, appoints Banigbe as MD/CEO

A statement signed by the Board of Directors said pursuant to the injection of capital, the new investor nominated Thomas Etuh…
Emelda Obichie’s Maison Valor redefines luxury bedding in Nigeria

Emelda Obichie’s Maison Valor redefines luxury bedding in Nigeria

“We are dedicated to supplying the West African market with the finest Egyptian cotton sheets and other premium bedding products.…
Police

How 2 men defrauded FinTech company of N613m – Police

“Daniel unlawfully benefited and converted N402,980,200, while Ebeta fraudulently converted/ diverted N211,000,000.”
CBN

CBN sells $148m to authorised dealers

CBN also sold a total of 106.5 million dollars to 29 authorised dealer banks at rates between N1,498 and N1,530…
Nigeria’s gas export dips following sabotage attacks on a major pipeline in Bayelsa feeding NLNG export terminal being operated by Oando PLC

Dangote: Oando Plc denies link with Malta blending Company

Ms Ayotola Jagun, Company Secretary, Oando Plc, in a statement to the floor of Nigerian Exchange Ltd.(NGX) in Lagos, declared…
Ogun woos foreign, domestic investors to boost development

Ogun woos foreign, domestic investors to boost development

The Economic Adviser noted that Ogun State has over 16,000 square kilometers of land mass, of which about 65 percent…
Nigeria’s gas export dips following sabotage attacks on a major pipeline in Bayelsa feeding NLNG export terminal being operated by Oando PLC

Oando Plc rejects claims of Involvement with Maltese oil company

Allegations claimed that Oando operated an oil storage and blending facility responsible for these imports.
Guinness Nigeria Plc says despite challenging operating environment, it achieved 31 % revenue growth for financial year ended June 30, 2024

Guinness Nigeria declares 31% revenue growth in 12 months

The Managing Director of Guinness Nigeria, Mr Adebayo Alli, via a statement on Friday in Lagos, expressed confidence in the…
Wale Edun says Nigeria's macroeconomic reforms had begun yielding results, with improved growth momentum and greater stability.

Repositioning the economy and what the numbers are saying

According to him, economic activity in the first quarter of 2024 was not only faster than the first quarter of…
Let’s delve into the problematic global of cybersecurity and its pivotal position in securing investments in the virtual age.

Securing Investments: A Closer Look at Cybersecurity in the Digital Era

Recent information paints a photo of cyber attacks' escalating frequency and severity. According to industry reviews, cybercrime has emerged as…
Flutterwave is at the heart of the nation’s digital economy revenue forecast to continue to grow to an anticipated $18.30 billion by 2026

Flutterwave: Spearheading Nigeria’s Digital Economy Revolution Amid Disruptive Technologies

Technological advancements — such as enhanced connectivity capabilities — have helped fuel the rise of the digital economy and expand…
Lagos disburses N278 million to 400 SMEs in first quarter of 2024

Lagos disburses N278 million to 400 SMEs in first half of 2024

He stated that N100,000 allowance was given to People Living With Disabilities (PLWD) to set up businesses, noting that this…
FCMB offers N10m interest-free loans to women entrepreneurs

FCMB offers N10m interest-free loans to women entrepreneurs

This interest-free loan offered through its SheVentures programme aims to unlock the potential of women-led businesses in the export and…
Senate

Senate amends Finance Act to allow imposition of windfall tax

Presenting the report, Musa said that the Senate at the plenary session on Wednesday July 17, read the letter of…
Nigeria's regulatory agency, FCCPC explains why it imposed $200 million fine against Meta Platforms Inc. and WhatsApp LLC.

Why we imposed $200m fine on Meta, WhatsApp — FCCPC

”Only last week, FCCPC issued a final order and imposed a monetary penalty of $220,000,000.00 (Two Hundred and Twenty Million…
CBN

CBN jacks up interest rate again amidst rising inflation

The CBN had in May 2024 raised the interest rate to 26.25 percent and has now moved it to 26.75…
inDrive extends strategic partnership with Dynasty Africa

inDrive extends strategic partnership with Dynasty Africa

InDrive, a global mobility and urban services platform, is announcing the continuation of its strategic partnership with Dynasty Africa, a…
The President of AfDB) Akinwunmi Adesina laments takeover of many parts of Nigeria country by criminal elements amidst rising poverty

AfDB invests $10.9bn in Nigeria

Barrow said the AfDB’s President, Dr Akinwumi Adesina, upon assumption of office eight years ago, prioritised the High 5–of Power,…
Investors lose N1.14trn as NGX reacts to MPC decision

Nigerian Stock Market hits N17 billion gain

The market’s performance was primarily driven by gains in Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank For Africa(…

FinServe Pro, KPMG, PwC, and Deloitte Rises Among Global Financial Powerhouses

FinServe Pro is rapidly setting the pace as one of the most promising financial service providers operating across the United…
President of Dangote Group, Aliko Dangote, dismisses claim that diesel being refined at his Lagos Refinery is low quality

Our diesel of international standard, best in Nigeria – Dangote

“Dangote openly challenged the regulator to compare the quality of refined products from his refinery with those imported, advocating for…
Dangote

Monopoly: I never blocked anybody doing same business – Dangote

Africa’s richest man said the labelling of his group of companies as monopolistic is disheartening. He said his group of…
Tinubu lauds military for cracking down on terrorists, restoring peace

Financial Times reportage on Nigerian Economy-Standards are Falling

Financial Times cannot cavalierly instruct Nigeria to send cash to wallets of poor people as a surefire way of ending…
CBN

CBN announces stricter regulations for dormant accounts, unclaimed funds

These new guidelines, effective immediately, supersede previous policies issued in 2015. This is made known in a circular signed by…
The House of Reps Committee on South East Development Commission (SEDC) approves the N140 billion 2026 budget proposal for the commission.

Reps joint committee asks Dangote, others to justify high price of cement

The committee resolved to visit production plants of the companies after going though their books to ascertain the cost of…
51st AGM/Congress: AAAN stronger than ever - Babaeko

51st AGM/Congress: AAAN stronger than ever – Babaeko

While noting that the AAAN has encountered significant challenges, he stated that these have been overcome with the support and…
AfCFTA: FG launches plan to drive Africa’s digital trade revolution

AfCFTA: FG launches plan to drive Africa’s digital trade revolution

He described the roadmap as part of the Renewed Hope Agenda of President Bola Tinubu’s administration.
Naira

Naira crashes to dollar at official market again

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market…
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