Business News
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FG sets up compensation committee for Lagos-Calabar Coastal Highway project
The Federal Government, on Thursday, established a committee tasked with the responsibilities of reviewing, assessing and compensation of landowners affected…
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Naira Falls to N1,154/$1 at NAFEM, N1,120 at Black Market
By Adedapo Adesanya The Naira plunged against the US Dollar by N70 in the parallel market segment of the foreign…
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Nollywood Eniola Ajao’s movie ‘Ajakaju’ rakes over N200 million in cinemas
Epic movie, Ajakaju by Nollywood first time producer, Eniola Ajao has crossed the N200 million ticket sale benchmark, according to…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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)…
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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…
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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…
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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…
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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…
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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…
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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)…
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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…
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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…
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