After 20 years, Aliko Dangote retires as chairman of Dangote Sugar
His retirement will take effect on June 16, 2025, according to a statement signed by the company’s secretary, Temitope Hassan.
SON, NAFDAC warn food producers against substandard products
The Standard Organisation of Nigeria (SON) and National Agency for Food and Drug Administration and Control (NAFDAC) on Wednesday, warned…
Proshare’s 2025 Tier 1 Banks Report: ETI leads in banking performance metrics
ECOBANK Transnational Incorporated (ETI) has emerged as the top-ranked bank in Nigeria’s 2025 Tier 1 Banks Report released by Proshare,…
Young Nigerians to get N2bn private University scholarships from Sterling Bank
NIGERIA’S most forward-looking financial institution, Sterling Bank, has announced an over N2 billion commitment for fully-funded private university scholarships for…
Nigeria’s $5bn oil-backed loan from Aramco stalls amid falling crude prices
Negotiations between Nigeria and Saudi oil giant Aramco over a landmark $5 billion oil-backed loan have hit a roadblock following…
CBN to offer 81bn in Treasury Bills at today’s auction
The Central Bank of Nigeria (CBN) will auction ₦81 billion worth of Treasury Bills today (Wednesday), marking a smaller issuance…
Domestic sources drive $5.96bn inflows into Nigeria’s FX market in May 2025 —FMDQ
Nigeria’s Foreign Exchange Market (NFEM) recorded total inflows of $5.96 billion in May 2025—a significant 62 per cent increase from…
FG identifies 49 gas flare sites, maps out plan for decabonisation
•UK reaffirms support for Nigeria’s energy transition efforts No fewer than 49 gas flare sites have been identified in Nigeria,…
100,000-teus of empty containers litter Nigerian ports, group raises alarm
The Sea Empowerment and Research Center (SEREC) has raised the alarm that following the refusal of shipping companies to pick…
Petroleum producers seek FG’s intervention in gas pricing, flaring penalty, legacy debt, others
Independent Petroleum Producers Group (IPPG) is seeking the Federal Government’s intervention to resolve issues around key areas like gas pricing,…
CBN extends BDC recapitalisation deadline to December 31
Central Bank of Nigeria (CBN) has extended the deadline for the Bureau De Change (BDC) recapitalisation exercise to December 31,…
IGU appoints Nwokedi as regional coordinator
The International Gas Union (IGU) has announced the appointment of Mr Akachukwu Nwokedi, President of the Nigerian Gas Association (NGA)…
SEC directs companies to honour unclaimed dividend requests
The Securities and Exchange Commission (SEC) has directed all public companies and Registrars to stop treating unclaimed dividends older than…
FG commissions new power project in Borno
Vice President Kashim Shettima has commissioned a new 1×7.5MVA 33kV/11kV distribution injection substation at Borno State University (BSU) executed by…
2025: Sub-Saharan Africa’s economy to grow by 3.7% in 2025 — World Bank
Growth is expected to slow in nearly 60 percent of all developing economies this year, averaging 3.8 percent in 2025…
Naira may stabilise around N1,600 and N1,650 in near term —Experts
THE Nigerian National currency, naira, may stabilise around N1,600 and N1,650 in the near term, market experts have said. This…
Utilise subsidy gains to fix economy, experts tell FG
An economist, Prof. Sherifdeen Tella, has urged the Federal and state levels of government to utilise petroleum subsidy gains to…
Foreign Affairs minister, BDAN Chairman urge cryptocurrency taxation to boost Nigeria’s revenue
Prominent voices in Nigeria’s economic and policy space have renewed calls for the taxation of cryptocurrencies, underlining the need for…
Afreximbank downgrade: Diaspora Nigerian warns against unproductive borrowing, urges economic diplomacy
THE recent downgrade of the African Export-Import Bank (Afreximbank) by global credit rating agency Fitch Ratings has raised alarms across…
