Category: Business

Lilly becomes first drugmaker to hit $1tn valuation

Eli Lilly became the first health-care company to reach a $1 trillion market capitalisation on...

Nigeria’s economy still faces hurdles, says CBN

The Central Bank of Nigeria says that although recent reforms have contributed to restoring macroeconomic...

CBN recirculated dirty banknotes in 2022, audit reveals

The latest annual audit of the Office of the Auditor-General of the Federation has revealed...

EU probes Amazon, Microsoft over cloud dominance

Amazon and Microsoft may soon face tougher EU competition measures, as Brussels launches investigations into...

Dangote Refinery denies tariff suspension triggered petrol price drop

Dangote Petroleum Refinery has refuted reports that the recent drop in petrol pump prices was...

Nigeria doubles crude imports from US – Report

Nigeria’s crude oil imports from the United States surged in the first eight months of...

PENCOM gives PFAs, PFCs extension to meet capital rules

The National Pension Commission has extended the compliance deadline for its revised minimum capital requirements...

NCDMB unveils Nigerian content equity fund

The Federal Government, through the Nigerian Content Development and Monitoring Board, has announced plans to...

Senate probes stamp duty funds nationwide

The Senate has launched an investigation into the collection and use of stamp duty revenues...

DMO confirms allotment of November 2025 savings bonds

The Debt Management Office has announced the allotment results for its November 2025 Savings Bond...

Dangote signs $1bn deal with Zimbabwe for industrial complex

Dangote Group, led by Alhaji Aliko Dangote, has signed a $1 billion investment agreement with...

NUPRC sets December 1 for 2025 oil licensing round

The Nigerian Upstream Petroleum Regulatory Commission has confirmed that the 2025 Oil Licensing Round is...