AMCON sells 34% stake in Unity Bank to Providus
The Asset Management Corporation of Nigeria has sold its 34 per cent equity stake in Unity Bank Plc to Providus Bank, marking…
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FBI places $10,000 bounty on wanted Nigerian fraudster
The Federal Bureau of Investigation has announced a reward of up to $10,000 (about N14m) for information leading to the arrest and…
Naira appreciates to N1,515/$ in parallel market
The Naira has appreciated to N1,515 per dollar in the parallel market, up from N1,518 per dollar on Wednesday. Similarly, the Naira…
Business mogul Oskar Ibru passes away at 67
Business mogul and chairman of the Ibru Organisation, Olorogun Oskar Ibru, has passed away at the age of 67. According to a…
WhatsApp rolls out message translation feature for users
Meta, the owners of WhatsApp, Facebook, Instagram, and Threads, has announced the rollout of a message translation feature aimed at making communication…
Naira appreciates to N1,518 in parallel market
The Naira on Tuesday appreciated to N1,518 per dollar in the parallel market from N1,520 per dollar on Monday. However, the Naira…
CBN cuts interest rate to 27%
The Central Bank of Nigeria’s Monetary Policy Committee has lowered the benchmark interest rate to 27.00 percent, marking the first adjustment of…
Top up fuel payment or request refund, NNPC tells marketers
The Nigerian National Petroleum Company Limited has urged petroleum marketers who applied to buy fuel via its online portal to adjust their…
Nigeria’s GDP grows by 4.23% in Q2 2025
Nigeria’s Gross Domestic Product grew by 4.23 per cent in the second quarter of 2025, according to the National Bureau of Statistics.…
Egyptian billionaire Nassef Sawiris plans $50bn US investment
Egypt’s wealthiest man, Nassef Sawiris, is planning a significant restructuring of his business empire, with a focus on investing up to $50…
Dangote accuses NUPENG of imposing unsustainable levies on fuel trucks
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural Gas Workers…
China-Nigeria bilateral trade hits $15.48bn in seven months
Bilateral trade between China and Nigeria reached $15.48 billion between January and July, representing a 34.7 per cent increase compared to the…