Business News
-
NGX Index Down 0.06% on Sustained Profit-Taking in Banking Equities
By Dipo Olowookere More profit-taking in banking equities kept the Nigerian Exchange (NGX) Limited in the domain of the bears…
Read More » -
Crude Oil Plunges as US Sanctions Outweigh Easing Tensions
By Adedapo Adesanya Crude oil slumped on Thursday as investors weighed mixed US economic data, US sanctions on Venezuela and…
Read More » -
SEC Blocks NASCON, Dangote Sugar, Dangote Rice Merger
By Aduragbemi Omiyale The proposed merger among NASCON Allied Industries Plc, Dangote Sugar Refinery Plc, and Dangote Rice Limited has…
Read More » -
Chinese govt writes off interest-free loan given to Zimbabwe
China has written off an undisclosed amount of Zimbabwe’s interest-free loans and pledged to help the country navigate its way…
Read More » -
FCCPC seals Abuja supermarket over unfair practices, moves against price fixing
The Federal Competition and Consumer Protection Commission (FCCPC) has sealed 4U Supermarket formally known as Amigo Supermarket in Abuja over…
Read More » -
EFCC declares Yahaya Bello wanted amid alleged N80.2 billion money laundering charge
The Economic and Financial Crimes Commission (EFCC) has released a public notice requesting information regarding the location of former Kogi…
Read More » -
BINANCE: Gambaryan to remain in prison as bail application stalls at Abuja court
A Federal High Court in Abuja has further adjourned the bail application case filed by a Binance executive, Tigran Gambaryan…
Read More » -
EG Capital welcomes new partners for impact fund targeting East Africa and Zambia
This article is sponsored by EG Capital EG Capital is pleased to welcome new investors who intend to commit into…
Read More » -
NELFUND says NIN, BVN mandatory for student loans, targets 1.2 million beneficiaries
The Nigerian Education Loan Fund (NELFUND) has said that Nigerian students will need to present their National Identification Number (NIN)…
Read More » -
94% of our N195 billion FX losses are unrealized – Nestle
Nestle Nigeria Plc in a note to its shareholders has stated that 94% of its N195 billion FX losses pertains…
Read More » -
Diesel prices increased to N1,341/litre in March 2024- NBS
The average retail price of Automotive Gas Oil (Diesel) paid by consumers rose by 59.51% year-over-year, increasing from N840.81 per…
Read More » -
Transcorp Hotels divests 100% interest in Calabar subsidiary to Eco Travels and Tours Limited
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc0 has announced the divestment of its 100% interest in Transcorp…
Read More » -
Market sentiment dims as equity suffers N35 billion loss
The NGX All-Share Index experienced a notable dip, dropping below the 100,000 mark for the second time this week, ending…
Read More » -
Rising inflation, weak earnings push 10 million Nigerians into poverty in 2023 – World Bank
Rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023, according to the World Bank in…
Read More » -
Shell to supply methanol to $3.8 billion Brass Methanol Plant in Bayelsa – Ekpo Ekperikpe
Ekperikpe Ekpo, the Minister of State for Gas, has said that the Federal government secured an agreement with Shell (SHEL.L)…
Read More » -
Flood to disrupt Nigeria’s cocoa export as price rises above $10,100 – Report
The planting of cocoa and the mid-crop harvest in Nigeria will face disruptions due to warnings from the Nigeria Hydrological…
Read More » -
Lateef Jakande fellowship invites young graduates to train as future leaders in public office
The Lagos State Government has commenced the 2024 Lateef Jakande Fellowship for young Nigerian graduates. Launched by Governor Babajide Olusola…
Read More » -
Lagos state maize palliative program led to drop in egg prices – Poultry Association
The Chairman of the Poultry Association of Nigeria (PAN), Lagos State Chapter, Mr. Mojeed Iyiola, has reported that the state…
Read More » -
OPEC Woos Namibia After Angola’s Exit
By Adedapo Adesanya Africa may yet get another producer in the wider Organisation of the Petroleum Exporting Countries and its…
Read More » -
Ecobank successfully repays $500 million Eurobond due April 18
Ecobank Transnational Incorporated has successfully repaid its $500 million 5-year Eurobond that matured on April 18, 2024. The Eurobond, which…
Read More »