Business

  The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices linked to ...

  A former Group Managing Director of FirstBank, Dr. Bisi Onasanya, has dismissed claims of his involvement in a commercial loan transaction carried out 12 years ago at the lender. Onasanya refuted the allegation in a statement signed by his ...

  The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called petrol, describing it as the height of insensitivity against the masses. Senior NLC officials disclosed this in separate interviews ...

  The shareholders of Arik Air, an indigenous airline currently under the control of the Asset Management Corporation of Nigeria, have debunked claims that the debt accruable to the airline’s owner, Johnson Arumem-Ikhide, has risen to N455bn. The shareholders, through ...

  The Nigeria Police Force has recorded significant successes in its ongoing efforts to combat crime across the country, with the recent busting of an illegal weapons manufacturing factory in Benue State, the arrest of a notorious cultist in Delta ...

  •Facility now producing 500,000bpd as officials look beyond Nigeria to meet demand for product The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production ...

  Avalanche Creative Academy Debuts Fast-growing Lagos-based Entertainment and hospitality hub, Avalanche has announced the birth of its educational arm, The Avalanche Creative Academy. The academy is designed as a top-notch platform dedicated to nurturing creativity and innovation among aspiring ...

  ***WEMA BANK KICKS OFF 2025 WITH N11,000,000 CASH PRIZE IN 5 FOR 5 PROMO SEASON*  …Set to reward 131 Nigerians in first monthly draw of 2025* Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital ...

  Dangote Cement, FBNHoldings, others Lift Equity Market by N53bn   By Rukayat Adeyem   The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, ...

  Sequel to a consistent surge in the price of Brent, the global benchmark for crude, the Dangote Petroleum Refinery has communicated an upward adjustment in the price of Premium Motor Spirit, also known as petrol, to its customers. In ...

  The special adviser to the president on economic affairs (Office of the Vice President), Tope Fasua, has said that the weakening of the naira has reduced the number of Nigerians migrating from the country. He said this on Thursday ...

  Fidelity Bank Plc has announced plans to increase its issued share capital from N26.7bn to N36.7bn. This development was disclosed in a statement filed on the Nigeria Exchange Limited by the company secretary, Ezinwa Unuigboje, on Thursday. According to ...

  The Central Bank of Nigeria has unveiled two digital innovations—the Document Flow System and the Ministries, Departments, and Agencies Naira Payment Solution—at an event held on Wednesday, January 15, 2025, at its headquarters in Abuja. A press statement released ...

  The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe. The 650,000-capacity Dangote refinery, which began operations in January ...

  The Nigerian National Petroleum Company Limited has announced that it remitted N10 trillion to the Federation Account as of September 2024. NNPCL Group Chief Executive Officer, Mele Kyari, revealed this during a budget defence session before the Joint Committee ...

  Nigeria’s crude oil revenue rose to about N50.88tn in 2024, findings by The PUNCH revealed. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, confirmed that Nigeria produced a total of 408,680,457 barrels ...

  First Bank of Nigeria Plc has secured the order of a Federal High Court sitting in Port Harcourt, Rivers State, to arrest a cargo belonging to General Hydrocarbons Limited. The court, in Suit number: FHC/PH/CS/02/2025, ordered that the entire ...

First City Monument Bank has announced the appointment of Felicia Obozuwa as the Executive Director of Corporate Services and Service Management, following approval from the Central Bank of Nigeria. In a statement on Wednesday, it was indicated that Obozuwa brings ...

  The President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, has accepted an invitation from President Bola Tinubu to visit Nigeria in 2025. Tinubu, who arrived in Abu Dhabi on Sunday as a guest of the UAE ...

  Bet9ja has rewarded customers following the conclusion of its promotional campaign, the ‘N1 Billion Xmas Countdown,’ which saw the jackpot winner take home N100m. In a statement, Bet9ja noted the campaign, launched on December 12, marked a season of ...

  Ecobank Nigeria has unveiled a new art installation, ‘Kong in a Cage,’ by artist, Toyeeb Ajayi. According to a statement from the bank on Tuesday, the installation, made entirely from recycled materials, is now on display at the Ecobank ...

  FIRSTBANK CLARIFIES MISLEADING REPORTS, REASSURES CUSTOMERS OF GOLD STANDARD BANKING SERVICES   Our attention has been drawn to recent media reports regarding a commercial transaction between First Bank of Nigeria Limited (FirstBank) and General Hydrocarbons Limited (GHL) that is ...

  The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. Theses are against 103,586.33 and 63.166 trillion posted last week. Consequently, equity investors ...

  As the Federal Government approves the first telecom tariff hike in over a decade, Nigerians are demanding that mobile network operators justify the increase by delivering substantial improvements in service quality. For years, subscribers have called for better network ...

  Nigeria’s inflation rate is projected to decline to 27.1 per cent by December 2025, according to the latest NESG-Stanbic IBTC Business Confidence Monitor report. This forecast offers a ray of hope to businesses and consumers struggling with prolonged economic ...