Category: Business

Sigma pulls out of $10bn bid to acquire UK pharmacy chain Boots

Australian pharmaceutical group Sigma Healthcare has withdrawn from its bid to acquire UK pharmacy chain...

EU trade deficit with China hits record €1b daily0

The European Union’s trade deficit with China has surged to a record €1 billion (about...

Dangote, AFC sign $600m deal to boost fertiliser output

The Dangote Group has reinforced its strategic partnership with the Africa Finance Corporation through the...

Nigeria lost N1.75tn in crude export revenue in Q1 – NBS

Nigeria’s crude oil export earnings dropped by N1.75tn in the first quarter of 2026, despite...

Over 70% eligible staff accept NNPCL early retirement scheme

The Nigerian National Petroleum Company Limited has commenced an early retirement scheme that is already...

G7 nations seek common ground with Trump after Middle East breakthrough

Allies from the G7 nations will gather on Monday for a summit in France, aiming...

Nigeria inflation hits 15.93% in May despite slower price growth

Nigeria’s headline inflation rate rose slightly to 15.93 per cent in May 2026 from 15.69...

PenCom launches monitoring platform to enforce pension compliance

The National Pension Commission has stepped up efforts to enforce compliance with the Contributory Pension...

Dangote refinery cuts West Africa fuel imports

The expansion of the Dangote Petroleum Refinery has led to a sharp reduction in clean...

Brent drops below $84 as Hormuz reopening plan calms markets

Oil prices fell to their lowest level since March on Monday after U.S. President Donald...

IMF urges Nigeria to tax telecom services, extend vAT to fuel

The International Monetary Fund has urged Nigeria to introduce excise duties on telecommunications services and...

CSCS profit before tax jumps 115.7% to ₦6.49bn

The Central Securities Clearing System Plc has reported a 115.7 per cent increase in profit...