Business and Economy

CBN warns against fraudulent contracts, project funding claims

By Grace Alegba Lagos, Nov. 18, 2024 The Central Bank of Nigeria (CBN) has issued a warning regarding fraudsters who…

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Africa Finance Corporation secures US$300 Million loan, expanding investor base with Indian lenders

DUBAI, United Arab Emirates, November 18, 2024 Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully…

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Woven Finance unveils new brand, platform 

  COO, Woven Finance, Mr. Ajibola Adeboye, Deputy Director, CBN, Aremo Adeleke, MD/CEO Woven Finance, Mr. Obafemi Collins, Divisional Head,…

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World Bank discovers $32 million missing in Nigerian water project

The World Bank has revealed that $32 million meant for Nigeria’s water infrastructure project is unaccounted for. This finding was…

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CBN to penalise DMBs aiding, abetting Naira hawking

By Kadiri Abdulrahman Abuja, Nov. 15, 2024 The Central Bank of Nigeria (CBN) says it will heavily penalise Deposit Money…

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FEC approves $2.2bn external borrowing plan – Edun

  By Salisu Sani-Idris Abuja, Nov. 14, 2024 The Federal Executive Council (FEC) has approved $2.2 billion financing programme for…

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NNPC Ltd. signs 10-year deal to supply 100mmscf/d gas to Dangote Refinery

By Emmanuella Anokam Abuja, Nov. 13, 2024 The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum…

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Naira bounces back, appreciates by 2.6% against dollar at official market 

By Grace Alegba Lagos, Nov. 13, 2024 The Naira on Wednesday bounced back after consistent three days losses and appreciated…

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Govt’s support for Dangote Refinery will encourage further investments in downstream – MAN

Manufacturers Association of Nigeria (MAN) have solicited the support of both Nigerians and the government for Dangote Refinery, to enable it…

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Kyari outlines vision for Nigeria’s energy future

…Says NNPC to unveil twelve CNG stations soon …Insists Company not sabotaging domestic refineries  Group CEO of NNPC Ltd, Mele…

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Dangote named most tax complaint business organizations by FIRS

….Company, subsidiaries win big at FIRS, FMDQ awards   It was a season of awards at the weekend for the Dangote Group and its…

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SPDC Joint Venture donates $1m to Borno flood victims

By Nathan Nwakamma Yengagoa, Nov. 8, 2024 The Shell Petroleum Development Company of Nigeria Limited Joint Venture (SPDC JV), on…

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All set for today’s unveiling of SAFELIFY – the trailblazing safe travel platform

Excited potential clients and other stakeholders from across the world are eagerly looking forward to the official global unveiling, today,…

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Naira depreciates by 2.4% against dollar at official market 

By Grace Alegba Lagos, Nov. 8, 2024 The Naira on Friday closed the week weaker at the official market, trading…

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NNPC Ltd disclaims video of adulterated fuel sold in bottles, jerrycans   

By Emmanuella Anokam Abuja, Nov. 7, 2024 The Nigerian National Petroleum Company Limited (NNPC Ltd.), has disclaimed a viral video…

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FBN Holdings’ N150bn Rights Issue goes live on NGX Invest

By Rukayat Adeyemi Lagos, Nov. 6, 2024 FBN Holdings Plc’s N150 billion rights issue went live on Wednesday on the…

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Dangote, pillar of strength for Nigeria’s industrial growth – LCCI; ‘We’re committed to diversification of economy’ – GED

Dangote Industries Limited (DIL) has restated its commitment to driving the diversification of Nigeria’s economy for growth and job prospects…

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ES NCDMB, Lagos Gov commission Bell Oil and Gas’ pipe threading and valve assembly plant

A multi-million dollar pipe threading and valve assembly facility built by Bell Oil & Gas was commissioned on Tuesday at…

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UK Foreign Secretary meets Nigerian President Tinubu, agrees on Strategic Partnership

Abuja, 05 November 2024 The UK Secretary of State for Foreign, Commonwealth and Development Affairs, David Lammy MP, met President…

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Q3 2024: Veritas Kapital grows profit by 117% to N2.34bn

By Rukayat Adeyemi Lagos, Nov. 4, 2024 Veritas Kapital Assurance Plc has grown its profit after tax to N2.339 billion…

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Growth at the heart of UK Foreign Secretary’s visit to Nigeria  

Economic growth to underpin work in Nigeria, as Foreign Secretary aims to elevate bilateral partnership with the Nigerian Government.  Foreign…

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Zenith Bank records remarkable triple-digit topline growth as PBT hits N1.0 trillion in Q3 2024

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit…

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