Business

Business

Heirs Holdings To Lead Africa’s Digital Evolution, Launches Heirs Technologies

HEIRS Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its.

Read More
Business

CBN Revokes Licenses Of 4,173 Bureau De Change Operators

THE Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureau De Change Operators, accusing the affected institutions of failing to.

Read More
Business

Dangote Cement Increases Shareholders’ Dividend By 50%, To N30 Per Share

IN line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return.

Read More
Business

Dangote Refinery To Import Crude From US – Bloomberg Report

THE Dangote Petroleum Refinery is set to import crude oil from the United States in the coming months, as the $20 billion facility.

Read More
Business

Customers, Distributors Hail Dangote For His Support At Awards Night

CUSTOMERS and distributors of Dangote Cement Plc have hailed the magnanimity of the Founder and Chairman of the company and Africa’s largest conglomerate,.

Read More
Business

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.

Read More
Business

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.

Read More
Business

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.

Read More
Business

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.

Read More
Business

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.

Read More
Business

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.

Read More
Business

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.

Read More
Business

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..

Read More
Business

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.

Read More
Business

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.

Read More
Business

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.   .

Read More
Business

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.

Read More
Business

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.

Read More
Business

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.

Read More
Business

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,.

Read More