Business News

FAAC: FG, states and LGs share revenue of N1.424 trillion in December 2024

A total of N1.424 trillion, representing the December 2024 Federation Account revenue, has been shared between the federal, state and local governments.Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation,...

Petrol price stood at 1,214.17 naira in November 2024 —NBS

The National Bureau of Statistics (NBS) says the average retail price of a liter of petrol increased from N648.93 in November 2023 to N1,214.17 in November 2024.According to the News Agency of Nigeria (NAN), he made the statement in...

PHOTOS: Flagship partners of Enugu government to lease 150-hectare complex at Nike Lake

Landmark Africa Group has partnered with the Enugu State Government to lease the 50-hectare Nike Lake complex for 35 years.Announcing the partnership, Governor Dr Peter Mbah highlighted the resort's potential as a catalyst for the state's tourism and investment...

The increase in telecommunications rates should not be more than 30 or 60%: Minister

Minister of Communications, Innovation and Digital Economy Bosun Tijani has stated that the proposed increase in telecommunication tariffs should not be more than 30 to 60 percent. Tijani revealed this during an interview on Politics Today on Channels Television....

CBN sanctions nine banks for not dispensing cash through ATMs

In a clear demonstration of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks (DMBs) for failing to ensure the availability of Naira notes through ATMs ( ATM) during the...

Port Harcourt, Dangote and seven other refineries need 770,500 bpd in H1 2025 – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the Federal Government, Dangote Oil Refinery and eight other domestic refineries are expected to require 770,500 barrels of oil equivalent per day (BOPD) for processing in the first half...

IsDB withdrawal: Edun calls for innovative financing and bold reforms

Minister of Finance and Coordinating Minister of Economy Wale Edun called for bold reforms and smarter investments at the Islamic Development Bank (IsDB) Governors' Retreat held in Al-Madinah City, Saudi Arabia. The retreat aimed to gather input and build consensus...

Five years on, Nigeria's vehicle financing scheme may go live this month

Since 2020, the federal government, through the National Automotive Design and Development Council (NADDC), has been making efforts to establish a vehicle financing scheme to enable Nigerians to purchase new vehicles.In 2019, the former Director-General of...

We will help customers take advantage of market opportunities despite economic challenges – First Bank

First Bank Group Managing Director and CEO Segun Alebiosu has once again underlined the bank's commitment to partnering with customers to seize market opportunities despite tough macroeconomic pressures. Alebiosu stated this in his keynote address at the bank’s economic outlook...

Why 2025 is the perfect year to start a business in Luxembourg

Luxembourg has solidified its reputation as one of the most attractive destinations for entrepreneurs in Europe. With its strong economy, innovative policies and strategic location, the country offers unique advantages for starting and expanding a business. In 2025, these...
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Honda Capital’s financial platform helps Honda Group deepen its brand influence in the Nigerian automotive and motorcycle market.

  Synergy Between Digital Financial Services and Industry Drives Long-Term Growth Honda Capital Financial Platform (HCFP) is an emerging financial platform...
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