Business and Economy

Naira-for-Crude and matters arising By Deborah Coker

Recently, the Federal Executive Council (FEC) directed the full implementation of the Naira-for-Crude policy for local refiners. The Naira-for-Crude policy,…

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Bank recapitalisation crucial to achieving $1trn economy – CBN

By Kadiri Abdulrahman Abuja, April 14, 2025 The Central Bank of Nigeria (CBN), says recapitalisation of Nigerian banks is crucial…

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Leo Stan Ekeh advocates “Last Mile Takeover” at KongaFM event, pushes for deeper brand-consumer connections

At a recent industry gathering hosted by Nigeria’s pioneering Hit Music & Commerce Station, Konga 103.7FM, renowned tech entrepreneur and…

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Nigeria posts $6.83 Billion Balance of Payments surplus in 2024, signaling economic resurgence

The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024…

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Mass meter rollout: Aba Power sets up 10-person team to expedite action

Aba Power, Nigeria’s 12th electricity distribution company (DisCo), has set up a high-powered team comprising 10 persons to ensure the…

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MTN mourns Pascal Dozie, a steady hand with an enduring legacy

By Stellamaris Ashinze Lagos, April 8, 2025 MTN Nigeria on Tuesday while paying tribute to its late founding Chairman, Pascal…

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CBN injects $197.71m to boost fx liquidity

By Kadiri Abdulrahman Abuja, April 5, 2025 The Central Bank of Nigeria (CBN) on Friday supplied a total of 197.71…

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NNPC Ltd announces new Senior Management Team (See who is where)

Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC…

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EU prepared to counter Trump’s tariffs -Von der Leyen

Brussels, April 3, 2025 The European Union (EU) has said that it is preparing counter measures in response to new…

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CBN reports strongest net reserve position in over three years

ABUJA The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position…

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6 Nigerian banks report N3trn profit amid complaints, challenging environment

By Ginika Okoye Abuja, April 1, 2025 Six banks in the country have posted N3.41 trillion as Profit After Tax…

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Tinubu congratulates Ovia on Freedom of City of London admission

By Salif Atojoko Abuja, March 31, 2025 President Bola Tinubu has congratulated Mr. Jim Ovia, the founder and chairman of…

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FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn

…Declares a total dividend of N2.10 per share Lagos, Nigeria, March 29, 2025: Leading financial institution, Fidelity Bank Plc, released…

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Abia Govt. begins clearing access road to proposed Abia International Airport runway

By Ihechinyere Chigemeri-Uwom Nsulu(Abia) The Abia Government has commenced the clearing of an 8.53-kilometer access road leading to the proposed…

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Stanbic IBTC Holdings to pay shareholders N38.87 bn as dividend in 2024

By Taiye Olayemi Lagos, March 28, 2025 Stanbic IBTC Holdings has announced plans to pay N38.87 billion in dividends to…

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NIMASA’s crusade to end War Risk Insurance premiums to save Nigeria over $400 billion annually – Osagie Edward

War Risk Insurance (WRI) is an additional surcharge imposed by international shipping companies on cargo bound for Nigeria. It comprises…

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Court dismisses Falana’s fraud case against Zinox Boss, Ekeh, others

…It’s a victory for integrity and the rule of law – Counsel For the umpteenth time, the court has thrown…

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DMO declares N1.09trn Sukuk proceeds, targets N300bn in new offer

By Kadiri Abdulrahman Lagos, March 26, 2025 The Debt Management Office (DMO) says the Federal Government has been able to…

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PETROAN lauds NNPC for running PH refinery 180 days non-stop

By Emmanuella Anokam Abuja, March 25, 2025 The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has commended the…

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