How Dangote’s Fortune Jumped By $6.9bn In January, Bloomberg Reveals

DANGOTE Cement’s shares have more than doubled this month (January 2024) helping add $6.9 billion to its founder’s wealth, according to the Bloomberg Billionaires...

NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer Of 2023

NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and...

Inflation Targeting Policy: CBN Working To Reduce Pressure – Cardoso

GOVERNOR of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is implementing “inflation targeting policy” to reduce the inflationary...

CBN May Raise Banks Capital Base To N900bn – Report

A NEW report has projected that the Central Bank of Nigeria may ask commercial banks with international banking licence to raise their capital base...

Rano Air Launches Katsina-Abuja, Kaduna-Lagos Flights

SUNDAY, 21st January 2024, marked the beginning of another milestone for Rano Air after starting the airlift of domestic passengers from Katsina to Abuja...

BUA CEO, AbdulSamad Overtakes Adenuga As Nigeria’s Second Richest Person

ABDULSAMAD Rabiu, the Nigerian billionaire and CEO/Chairman of BUA Group, has surpassed Mike Adenuga to claim the position of the second-richest person in Nigeria. This...

CBN Holds Monetary Policy Committee Meeting February 26

THE Monetary Policy Committee of the Central Bank of Nigeria will hold its first policy meeting for the year on February 26th and 27th. This...

Dangote Petroleum Refinery Registers MOMAN, IPMAN, DAPPMAN Members For Products’ Distribution

THE management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far,...

Shell To Sell Nigerian Onshore Oil Business For $2.4bn

SHELL said it has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance...

Fitch Blacklists Union Bank Over CBN Intervention

FITCH Ratings has placed Union Bank of Nigeria Plc’s (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings on Rating Watch Negative...

NOVA Merchant Bank Announces Major Increase In Staff Salaries, Commences 2024 Graduate Trainee Program

NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023.    The increase...

CBN Clears Out Head Office, Moves Departments To Lagos

THE Central Bank of Nigeria is set to transfer some of its departments to Lagos State. This was stated in an Internal memo made available...

Afreximbank, UBA Disburse US$2.25bn Crude Oil Prepayment Loan Facilitated By NNPC

AFRICAN Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL)....

Dangote Refinery Begins Production

THE Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours...

CBN Sacks Boards Of Titan Trust, Union, Keystone, Polaris Banks

PRESIDENT Bola Tinubu has started the implementation of the report of the Special Investigator on Central Bank of Nigeria (CBN) and Related entities, Jim...

UBA Surpasses N1tn Market Capitalisation Mark Amidst Impressive Financials, Recognitions

UNITED Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share...

Emefiele: EFCC Storms Dangote Head Office Over FX Transaction

OPERATIVES of the Economic and Financial Crimes Commission (EFCC) have reportedly stormed the head office of Dangote Group and 51 others where they are...

NOVA Merchant Bank Set To Begin Commercial Banking, Appoints Adebowale Oyedeji As MD/CEO

NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking...

Nine Multinational Companies That Exited Nigeria Amid Economic Challenges In 2023

THROUGHOUT 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes and policy directions...

BUA Vows To Maintain N3500 Cement Price From January

ALHAJI Abdul-Samad Rabiu, Chairman of the BUA Group, said that the company would maintain its promise of selling cement at the price of N3,500...

Latest article

JUST IN: Tinubu Appoints Kemi Nandap As CG Of Nigeria Immigration Service

PRESIDENT Bola Tinubu has approved the appointment of DCG Kemi Nanna Nandap to serve as the Comptroller-General of the Nigeria Immigration Service (NIS), effective...

Gombe SEC Celebrates Inuwa Yahaya’s Governor Of The Year Awards, Other Accolades

GOVERNOR Muhammadu Inuwa Yahaya CON, has been presented with several prestigious awards earned by him and other MDAs in recognition of his outstanding leadership...

Na’Allah Congratulates Emir Gambari Over His Conferment As 5th Chancellor Of...

AS Bayero University Kano prepares  to install the  Emir of Ilorin, Alhaji  Ibrahim Sulu-Gambari as its 5th Chancellor  on Saturday 2nd March 2024, the...

Defamation: Emefiele Slams Akpabio With N25bn Lawsuit

THE immediate-past Central Bank of Nigeria Governor, Godwin Emefiele, has vowed to sue the Senate President, Godswill Akpabio, for alleged defamation. The Senate president had...

Niger State Workers Begin Indefinite Strike Today

WORKERS in Niger State have downed tools this morning following a directive by the state chapter of the Nigeria Labour Congress. The indefinite strike came...

State Police Bill: Governors’ Role, Commissioners’ Appointment, Sacking, All The Key Sections

A BILL seeking the amendment of the 1999 Constitution to empower governors to appoint state commissioners of police scaled second reading on the floor...

Kano Unseals 10 Warehouses Accused Of Hoarding Food Items

THE Kano State Public Complaint and Anti-Corruption Commission said on Tuesday that it had unsealed the 10 warehouses sealed last week for alleged hoarding...

A World, A Continent In Transition – By Bola Ahmed Tinubu

THE world exists in a period of fundamental transition. Neither Africa nor Nigeria is exempt from realities of this transition. Where there is transition, there...

Algeria Snub Super Eagles’ Peseiro, Set To Name Petkovic Coach

ACCORIDNG to multiple reports, Algeria’s Football Association has opted not to continue negotiations with Jose Peseiro and is set to announce the appointment of...

Haaland Breaks Brentford’s Resistance As Man City Close On Liverpool

ERLING Haaland took Manchester City to within one point of Premier League leaders Liverpool but the champions were made to sweat for a 1-0...

Israel’s Rafah Deadline Raises Stakes As Ramadan Approaches

ISRAEL's sudden threat to unleash its controversial ground operation in the southern Gazan town of Rafah unless all hostages are freed by 10 March...

Estonia Detains 10 Russian Spy Suspects Since December

THE Estonian Internal Security Service (ISS) said Tuesday that it had detained 10 people since December on suspicion of acting on behalf of a...

South Africa Will Go To Polls May 29, President Ramphosa Announces

SOUTH Africa will go to the polls on May 29 to choose a parliament, which will in turn pick a president, President Cyril Ramaphosa...

Guinea’s Military Junta Dissolves Government, Seals Borders

GUINEA's military junta, which seized power in a coup in September 2021, has dissolved the government. The announcement was made through a presidential decree read...

Tinubu Appoints Hafsat Bakari As CEO Of Nigerian Financial Intelligence Unit

PRESIDENT has approved the appointment of Ms. Hafsat Abubakar Bakari to serve as the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU),...

Sadiya Umar Farouq: The Villified Heroin – By Mamman Nasir

FOR the more than sixty years of self-governance in Nigeria, there had never been a government that brings out multiple, fantastic and workable social...

Tinubu Directs Payment Of Presidential Villa Electricity Bill After Power Company Disconnection Notice

PRESIDENT Bola Tinubu has directed immediate settlement of outstanding electricity bill due to the Abuja Electricity Distribution Company. The President's directive follows the reconciliation of...

Bandits Block Gusau-Sokoto Highway, Abduct 26 Travellers

BANDITS on Tuesday afternoon kidnapped over 26 travelers along the Gusau-Sokoto highway. The bandits who were said to have blocked the road around Kwaren Kirya...

Economic Hardship: Customs To Distribute Seized Food Items To Nigerians

THE Nigeria Customs Service said it has concluded plans to commence the direct disposal of seized food items to Nigerians. The National Public Relations Officer...

Elumelu Expresses Readiness To Support, Partner Finance Ministry To Boost Economy

THE Chairman of Heirs Holdings Group, Transcorp Group and UBA Group, Tony Elumelu, has declared his readiness to support and partner with the Ministry...
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