Business

Afreximbank, ATDC sign $500m facility to boost African

  • 22nd September 2026

Mutual Benefits shareholders approve ₦802m dividend payout

  • 22nd September 2026

FG threatens coastal highway closure over traffic violations

  • 22nd September 2026

Car imports hit 42.5% rise as FG slashes

  • 22nd September 2026

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CBN cuts interest rate to 23%

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Meta’s Muse outpaces ChatGPT in early mobile downloads

Tech

Dangote plans over $10bn investment in Africa’s power sector

Business

UNGA81: Tinubu demands alliance to end Africa’s mineral exploitation

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News

Airtel, Dangote, other most valuable Nigerian companies in 2022

Telecommunication company, Airtel, led other companies in the Nigerian most valuable companies ranking. According to Nairametrics, Dangote cement was ranked second with MTN, occupying the third position. This was established by using publicly available values of publicly traded companies based on their market worth. This contrasts with the valuations of many privately held businesses, which […]

Investment

DMO announce 2023’s first savings bond offer

The Debt Management Office has announced two Federal Government Savings Bonds for subscription as its first bonds issuance for 2023.   In a statement on Monday, the DMO announced that one is a two-year FGN Savings Bond due in January 11, 2025, at the interest rate of 9.600 per cent per annum, while the other […]

Nigeria gained $2.6bn from non-oil export six months
Oil and Gas

Oil: Bonny light loses all gains in 2022

A report has shown that Bonny Light grade crude oil lost all of its 2022 earnings. Vanguard reported that the oil company ended the year with $81.94 per barrel, dropping 8.26 per cent from the $88.71 p/b it had been selling since January. The highest price for Bonny Light was reached in June 2022, four […]

Why oil theft estimates are unrealistic- Navy
News

IMF predicts tougher global economy in 2023

  Managing Director of the International Monetary Fund, Kristalina Georgieva, has stated that 2023 will be tougher on the global economy than the previous year. According to Al Jazeera, she stated this on Sunday in an interview with American news channel CBS. Georgieva predicted that a third of the world’s economies will remain in recession […]

Insurance

Consumers demand reversal of NAICOM’s third party insurance directive

The Insurance Consumers Association of Nigeria has called on the National Insurance Commission to reverse its directive on the increase of third Party Motor Insurance Premium in Nigeria.   This was contained in a letter signed by the association’s National Coordinator, Chief Yemi Soladoye, on Sunday in Ibadan, according to The Guardian.   Punch Metro […]

Banking

Activate rural banking, CBN directs PSBs

  The Central Bank of Nigeria has instructed Payment Service Banks to target those who are financially excluded by operating primarily in rural and unbanked areas. According to the sector’s supervisory framework for Payment Service Banks, PSBs must have at least 25% of their financial service touch points in rural areas that are periodically designated […]

petrol pump
News

Scarcity: Inspect petrol stations’ tanks, NMDPRA urges FG

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that it wouldnow check the tanks of filling stations and other depots in order to halt the hoarding of petrol. The Federal Government said on Saturday that it had stopped operating seven depots in various parts of Nigeria for selling fuel to retail outlets at […]

Economy Uncategorized

Croatia dumps kuna currency for euro

Croatia on Sunday switched to the euro and entered Europe’s passport-free zone — two major milestones for the country after joining the EU nearly a decade ago. At midnight (2300 GMT Saturday) the Balkan nation bid farewell to its kuna currency and become the 20th member of the eurozone.It is now the 27th nation in […]

How Nigerian banks performed first half of 2022
News

Full list of Nigerian banks that halted dollar transactions

Guaranty Trust Bank on Thursday evening disclosed that the financial institution has suspended all international transactions on its naira MasterCards. While the bank is yet to give an official reason to explain its latest decision, it is important to note that they are not the only bank that have taken this measure in the last […]

Business

Radisson Blu named 2022 Africa’s leading hotel brand

At the recent 29th edition of the World Travel Awards, Radisson Blu took home the prestigious Africa’s Leading Hotel Brand in 2022 Award.   The award represents a validation of the work done by the group and its accelerated expansion across the continent over the past few years.   Other nominees in the same category […]

Agribusiness

‘Palm oil can contribute $20bn to Nigeria’s GDP yearly’

The National Palm Produce Association of Nigeria, have said that Nigeria’s oil palm is capable of contributing $20 billion annually to the country’s Gross Domestic Product, along with massive job creation along the value chain.   Vanguard reported that, however, the National President, National Palm Produce Association of Nigeria, Alphonsus Inyang, has lamented that the […]

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