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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

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Firms, households expect inflation pressures to ease further —

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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

Business

Dangote Refinery remains Europe’s top jet fuel supplier

Aviation

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Access Bank, Qatar airways partner, offer discounted flight tickets
Business

Access Holdings declares 71.39% half-year profit

Access Holdings Plc has announced its 2023 Half-Year Results, revealing that pre-tax profits increased by 71.39% year on year to N167.601 billion. The Times reported that the substantial gains in net fair value and foreign exchange, primarily attributable to significant fair value gains on equity investments and gains from foreign exchange and fixed-income securities trading during the […]

Tony Elumelu to give speech at ECOWAS forum
Business

How CBN leadership will boost naira – Elumelu

A billionaire businessman, Tony Elumelu, has stated that he is confident that the recent change of leadership at the Central Bank of Nigeria will be crucial in restoring confidence in the local currency. Elumelu stated this in an interview with Bloomberg TV in New York, saying, “People are accumulating money because they lack confidence, not because they […]

Palmpay enhances contactless payments
Business

Palmpay seeks collaboration for financial inclusion

PalmPay, a financial technology platform, has advocated for strategic alliances in the banking sector to promote inclusivity. The Punch reported that the information was made public during the Lagos-based Finance Correspondents Association of Nigeria’s 2023 annual conference, which had as its theme “Strengthening Digital Infrastructure for an Efficient Innovative Payment System in Nigeria.” The head of […]

ICRC to penalize erring concessionaires
Business

Asset concession to generate N185.2bn revenue in 2023 – ICRC

The Director-General of the Infrastructure Concession Regulatory Commission, Michael Ohiani, estimates that in 2023, concessions of a variety of assets will bring in N185.2 billion to the Federal Government’s bank account. The Punch reported that the DG stated this in the second quarter bulletin of the commission. According to him, the projects would significantly help close the […]

Nigerian retailers, wholesalers may not escape poverty – World Bank economists
featured

World Bank okays fresh $700m loan for Nigeria

    The World Bank has approved a new loan of $700 million aimed at strengthening educational opportunities and empowerment for adolescent girls in Nigeria. This additional funding is allocated to support the ongoing project, the Adolescent Girls Initiative for Learning and Empowerment, which seeks to improve access to quality education and empower young girls […]

Shareholders to get N1.5bn dividend - NGX Group
Business

Bears dominate on NGX as stocks lose N518bn

Bearish investors dominated Friday’s trading session, with the Nigerian Exchange closing in the red. The Times reported that the All-Share Index closed at 67,324.59 index points, down 1.39% from the 68,271.14 index points it had at the end of the previous trading day. In the same vein, the market value of shares fell sharply, falling N518 billion […]

FG waives VAT on CNG, sets up conversion centres
Oil and Gas

NIPCO Gas launches CNG facility in Akwa Ibom

The compressed natural gas facility in Oron, Akwa Ibom state, has been officially opened, according to Nipco Gas Limited. According to The Times, on September 21, the business announced this on its official LinkedIn profile. A CNG Mother plant was inaugurated by NIPCO Gas in Oron, Akwa Ibom State. The facility would support vehicle CNG […]

X to shut down Circle feature October
News Tech

X to shut down Circle feature October

X, formerly Twitter, is shutting down the Circe feature, which allows users to share content solely with a select group of people on October 31st. It was the social network’s response to the “Close Friends” feature on Instagram. From October 31st, users won’t be able to add people to their circles. “X is deprecating Circles […]

UK, South Korea warn against cyberattacks from North Korea
News Tech

Ukraine accuses Russia of cyberattacks

Ukraine has disclosed that the computer systems of her law enforcement organisations’ are being attacked by Russian hackers. Ukraine’s head of cyber defence told Reuters on Friday that this is being done in an effort to locate and collect data relating to alleged Russian war crimes. According to Yurii Shchyhol, head of the State Service […]

10 facts about CBN governor-nominee Cardoso The President, Bola Tinubu, on Friday named Olayemi Michael Cardoso as the substantive Governor of the Central Bank of Nigeria. He is expected to replace the Acting Governor of the CBN Folashodun Shonubu if confirmed by the Senate. Below are 10 facts about him. i. Dr. Olayemi Cardoso hails from Lagos State, a city renowned for its vibrant economic and cultural diversity. ii.His parents were descendants of Brazilian returnees who belonged to prominent families in Popo Aguda, adding a rich cultural heritage to his background. iii. Dr. Cardoso's father, Felix Bankole Cardoso, made history as Nigeria's first indigenous Accountant-General of the Federation in 1963, setting a high bar for public service. iv. His academic journey began at Corona School Ikoyi, where he received his primary education, followed by St. Gregory's College in Lagos for his secondary education. v. Dr. Cardoso's pursuit of knowledge took him to Aston University, where he earned a Bachelor's degree (B.Sc.) in Managerial and Administrative Studies in 1980. vi. He continued his academic journey, earning a Master's degree in Public Administration in 2005 as a Mason Fellow, showcasing his commitment to continuous learning and growth. vii. Dr. Cardoso's career in finance included serving as the former chairman of Citibank Nigeria, where he undoubtedly honed his financial acumen. viii. His commitment to public service led him to serve as the Commissioner for Economic Planning and Budget in Lagos State during President Tinubu's tenure as the governor. ix. Dr. Cardoso is not just a participant in Lagos's economic development but also an architect. He is the founding chairman and co-chair of the Ehingbeti Summit, the Lagos State economic summit. x. Behind the impressive resume, Dr. Cardoso is a family man. He is married with five children and three grandchildren, embodying the values of responsibility and dedication.
News

Cardoso assumes office as CBN gov

By Wilson Adekumola   Dr. Olayemi Cardoso who has been nominated as the governor of the Central Bank of Nigeria by President Bola Tinubu has officially assumeed office on Friday.   This was made known in a statement by the Director, Corporate Communications at the CBN, Dr. Isa AbdulMumin noting that Cardoso assumed duty as […]

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