Business News

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...

Experts call for urgent reforms in the oil and gas sector

Experts, oil and gas sector stakeholders and policy makers have called for urgent reforms in Nigeria's oil and gas sector to increase economic growth. They did so at a day-long symposium themed “Nigeria’s Oil Industry: The Way Forward”, organized by...

Stock Market Supports Bulls as Investors Earn N792.7 Billion

The bulls maintained their grip on the local market for the second consecutive session on Thursday as the All Share Index gained 125 basis points to close at 105,530.74 basis points. On the Nigerian Stock Exchange, the bullish performance was...
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Banks await CBN clearance as audit delays leave investors without key earnings data

Investors in some of Nigeria's largest listed banks are facing a growing information gap as delays in the completion...
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