Category: Business

Nigeria’s petrol imports hit eight-year low amid refining expansion

Nigeria’s petrol imports fell to their lowest level in eight years in September, according to...

Paramount expands portfolio with acquisition of The Free Press

Paramount announced on Monday that it will acquire The Free Press, a digital news outlet...

Stock market plummets over proposed 25% capital gains tax

Nigeria’s capital market is in turmoil following fresh concerns over the impending 25 per cent...

Fintechs drive N71.5trn transactions in 2024 – NIBBSS

Nigerian Fintechs dominate transaction volumes in the digital payment space while traditional banks focus on...

Sahara Group targets 350,000 barrels oil production in five years

Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, has announced ambitious plans to...

Africa must move beyond raw mineral exports, says minister

The Minister of Solid Minerals Development and Chairman of the African Minerals Strategy Group, Dr....

Naira rises to ₦1,465 against dollar amid stronger FX inflow

The naira extended its rally last week, closing at ₦1,465/$ on the official market, driven...

UAC secures FCCPC approval, completes Chivita, Hollandia acquisition

UAC of Nigeria PLC announced that it has finalized the acquisition of Chivita|Hollandia, following approval...

Tinubu to unveil $400m Otakikpo oil export terminal

President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in...

Tesla sales surges as buyers rush to secure tax credits

Tesla’s third-quarter deliveries beat expectations on Thursday, driven by a surge in United States EV...

CBN moves to reform fixed income market for transparency

The Central Bank of Nigeria has unveiled plans for a phased overhaul of the Nigerian...

DStv subscribers in Ghana to get free package upgrades

The Ghanaian government has secured a deal with MultiChoice to upgrade DStv subscribers in the...