Business

  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously voted to increase the benchmark interest rate, or Monetary Policy Rate (MPR), to 27.25%. This decision aims to further tighten monetary policy, according to CBN ...

  The Governor of the Central Bank of Nigeria, Yemi Cardoso, says lifting of petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures. Cardoso who said this on Tuesday in Abuja, while presenting a communique from the ...

  A fuel-laden tanker exploded on Shehu Shagari Way in the upscale Maitama area of Abuja after colliding with a commercial bus on Monday evening. An X user, #Southsouthboy3, posted that motorists abandoned their vehicles and fled for safety, leading ...

  Aliko Dangote, President and CEO of Dangote Group, expressed regret over not purchasing Arsenal Football Club when its value was lower. In a Bloomberg interview with Francine Lacqua, Dangote revealed he had considered buying Arsenal when it was valued ...

  FirstBank Sponsors the Maiden Edition of The Nigerian Fintech Festival Event in Lagos Lagos, September 18, 2024- The inaugural edition of the Nigerian Fintech Festival, the biggest fintech festival in Nigeria, sponsored by FirstBank, West Africa premier financial institution ...

  President Bola Tinubu on Sunday directed the Economic and Financial Crimes Commission the Nigeria Customs Service, the Nigeria Police Force, the Nigerian Ports Authority and other security and law enforcement agencies to intensify efforts in cracking down on individuals ...

  The Nigerian Copyright Commission has raised concerns over the rise in the distribution of pirated books across the country. In a statement released on Sunday, the NCC Director-General, Dr John Asein, reported that recent inspections revealed that schools, online ...

  The 6 Division, Nigerian Army, says its operatives have neutralised two armed vandals involved in illegal oil bunkering during a gun duel and recovered two AK-47 rifles while 18 suspects were arrested across various states in the Niger Delta ...

  The Senior Staff Association of Electricity and Allied Companies has threatened to shut down power supply in the entire Etche Local Government of Rivers State, over the brutal attack on its member, Gboro Benjamin, by some residents of the ...

  Multinational consumer goods company, PZ Cussons, says it has commenced plans to sell its African subsidiaries to any interested buyer. The parent company of PZ Cussons Nigeria said it is looking at a partial or full sale to mitigate ...

The Group Chief Executive Officer of Sterling Financial Holdings Company, Yemi Odubiyi, has stated that the injection of approximately N75bn in fresh capital into the financial group through a private placement from a consortium of domestic investors and high-net-worth groups ...

Coca-Cola Hellenic Bottling Company has announced plans to invest $1bn in Nigeria over the next five years as part of its expansion drive in the country. A statement signed by the Special Adviser to the President on Information and Strategy, ...

Adron Games 2024 Unveiled: ‘Fit to Be the Biggest’ with Sports Icons Daniel Amokachi and Mutiu Adepoju Leading the Charge Adron Homes & Properties is excited to announce the official unveiling of the 7th edition of the Adron Games, tagged ...

  Polaris Bank Inducted Premium Member of Nigeria-British Chamber of Commerce Polaris Bank has been inducted a premium member of the prestigious Nigeria-British Chamber of Commerce (NBCC), marking another milestone in the Bank’s journey towards enhancing profitable trade between businesses ...

  A fire broke out at Pinnacle Oil, a filling station owned by Enugu State Governor Peter Mbah, on Friday, September 20, 2024. The incident occurred in the morning hours at the station located on Agbani Road, Enugu. According to ...

  Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the ...

  WEMA BANK SET TO LAUNCH SEASON 4 OF ITS 5 FOR 5 PROMO REWARD INITIATIVE From October 1st, 2024 Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to launch the ...

  British consumer goods group PZ Cussons Plc is at the warm-up stage of completely or partially quitting operations in Africa, where Nigeria and Kenya are the main manufacturing hubs. The continent accounts for 28.7 per cent of the group’s revenue, ...

  Nobel Laureate Professor Wole Soyinka will be the featured guest on this weekend’s episode of African Voices Playmakers, a 30-minute magazine program sponsored by the telecommunications company Globacom and broadcasted on CNN International. According to a statement on Thursday, ...

  Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels ...

  First City Monument Bank in collaboration with the Tulsi Chanrai Foundation, has restored the vision of approximately 150,000 visually impaired Nigerians in Kebbi State through its “Priceless Gift of Sight” initiative. According to a release from the bank on ...

  The Federal Government is set to receive a fresh loan from the World Bank, with approval expected for loans worth $1.7 billion. The loan is expected to be approved on September 26, 2024, according to official documents obtained by ...

  Nigerian Breweries Plc has announced plans to reduce its foreign exchange losses through a N599.1bn rights issue. This was disclosed by the company secretary, Uaboi Agbebaku, at the ‘Facts Behind the Rights Issue” presentation by Nigerian Breweries at the ...

  Controversy has surrounded the reported visit of former Kogi State Governor Yahaya Bello to the Economic and Financial Crimes Commission headquarters. While the ex-governor’s media team claimed that their principal honoured the invitation, the anti-graft agency countered these claims, insisting ...

  The Federal Inland Revenue Service has announced plans to implement an e-invoicing platform to advance Nigeria’s tax administration system. The new digital platform, named FIRS e-Invoice, is set to streamline invoice management in alignment with the Tax Administration and Enforcement ...