Business

  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 ...

  The Managing Director of Nigerian National Petroleum Company Foundation, Mrs Emmanuella Arukwe, on Wednesday, said the foundation remains committed to promoting accessible and affordable healthcare for Nigerians. Arukwe, represented by Deputy Manager, Special Projects, NNPC Foundation, Teniola Abu, disclosed ...

  Mouka has marked 2025 by celebrating the first babies born in Nigeria for the year as part of its annual brand tradition. Mouka, in a statement, noted that the initiative, spanning 13 states, showcased its commitment to improving lives ...

  Coronation Insurance Plc has rewarded customers who emerged winners of its ‘Insure & Win’ promo with prizes worth N30m. According to a statement, Coronation’s promo was an effort to promote insurance awareness and loyalty in Nigeria. The first phase ...

  EXPANDING FOOTPRINT – NIGERIA’S FIRSTBANK SETS SIGHTS ON ETHIOPIA, ANGOLA, CAMEROON   Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent ...

  The United States Embassy in Abuja and Consulate General in Lagos will be closed on Thursday, January 9, 2025 This is in honour of former President Jimmy Carter. The US Mission in Nigeria made the announcement in a post on ...

  Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani says telecom tariffs will soon increase but not by 100 percent. Rising from a stakeholders’ meeting with Mobile Network Operators (MNOs) on Wednesday in Abuja, Tijani said consultations and engagements ...

  ALEBIOSU: IN LINE WITH OUR VISION, FIRSTBANK IS WELL-POSITIONED TO BREAK NEW GROUNDS IN 2025 AND BEYOND   As the foremost Nigerian bank, First Bank of Nigeria Limited no doubt has a history of curating products and services that ...

  DECEMBERISSAVYBE: FIRSTBANK SPONSORS ‘OUR DUKE HAS GONE MAD AGAIN STAGE PLAY’   First Bank of Nigeria Limited proudly sponsored a remarkable stage play titled ‘Our Duke Has Gone Mad Again: A Biting Satire.’ This captivating performance was masterfully directed ...

  Nigerians traveling abroad for business or leisure can now access flexible and affordable data roaming bundles in an expanded list of countries, Glo announced in a statement on Monday. The new bundles are designed to help Glo subscribers stay ...