Economy and Business
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Fueling Uncertainty: Investigating Nigeria’s Subsidy Removal and the Dangote Refinery Debacle
In the midst of dwindling revenues and skyrocketing subsidy costs, Nigeria has taken a bold step by removing fuel subsidies,…
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UK slams GTB with $9.3 million fine over ‘Money Laundering System Failures’
The United Kingdom- based financial watchdog, Financial Conduct Authority, has fined the British subsidiary of Nigeria’s Guaranty Trust Bank 7.6…
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Abdul Samad Rabiu’s ASR Africa Supports 22 Universities and Tertiary Institution
The Abdul Samad Rabiu Africa Initiative (ASR Africa) today, announced a N5.5billion grant to 22 universities and institutions of higher…
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NBS: Heavy Concerns as Nigeria’s Inflation rate hits 21.47%
Headline inflation rate increased to 21.47 per cent on a year-on-year basis in November, the National Bureau of Statistics (NBS),…
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Dangote, Otedola, Jim Ovia, others lose N799.1 billion as stock prices tank
Africa’s richest man, Aliko Dangote, Chairman of Zenith Bank, Jim Ovia are among 15 Nigerian billionaires who lost a whopping…
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Isyaku Naziru Rabiu, resigns from board of BUA Foods PLC
BUA Foods Plc, Nigeria’s largest indigenous Foods company, has announced the resignation of Isyaku Naziru Rabiu, as an Executive Director…
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Zenith Bank retains position as Number one bank in Nigeria for 13th year
Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top…
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Bayelsa: Rotary club urges remediation of Nigeria’s first oil-well community
The Rotary Club of Port Harcourt Eco Chapter has called for the remediation of Otuabagi Community hosting Oloibiri oilfields in…
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BREAKING: Abdulsamad Rabiu re-appointed head of France-Nigeria Business Council
Abdul Samad Rabiu, Founder and Chairman of BUA Group, one of Africa’s largest foods, mining, manufacturing and infrastructure companies, has…
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Farmers to benefit from N78.4m wet season inputs in Niger — IFAD-VCDP
International Fund for Agricultural Development (IFAD), Value Chain Development Programme (VCDP), says it will support 369 farmers in Niger with…
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Naira dips by 0.18%, exchanges at 419.25 to Dollar
The Naira, on Wednesday, exchanged at 419.25 to the dollar at the Investors and Exporters window, compared to 418.50 traded…
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Zenith Bank records Impeccable 22% Topline Growth in Q1 2022
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth…
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No More Delay In Phone Charging As Infinix Launches HOT 12, A Fast Ever Supercharging SmartPhone
Good News, Infinix launched its HOT 12 latest smartphone today, a new smartphone with a long-lasting battery and fun. HOT…
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CBN fines Access Bank N500 million for Hiding Illegal Crypto Deals
The Central Bank of Nigeria, CBN has punished Access Bank and Stanbic IBTC for hiding cryptocurrency deals. The Apex Bank…
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CBN warns Banks against ‘Composed’ Bank Notes
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part…
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BUA releases statement on Fire Incident at Sokoto Diesel Depot
BUA group has issued a statement on a fire incident that occurred at its Diesel Depot in Sokoto State. The…
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Petrol Price Hike: Agency suspends 4 outlets over Adulterated Products
The Nigeria Midstream and Downstream Petroleum Regulatory Agency (NMDPRA) has suspended operations of four filling stations in Anambra over suspected…
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ASR Africa refurbishes neonatal unit at Gwarimpa General Hospital, donates Equipment
The Abdul Samad Rabiu Africa Initiative (ASR Africa) – brainchild of Industrialist, philanthropist and founder of BUA Group, Abdul Samad…
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NSDC hails BUA Foods on Contributions towards Development of Sugar Sector
BUA Foods Plc (“the company”) has received commendations from the National Sugar Development Council (“NSDC”) over the level of progress…
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EU to boost digitalisation in Nigeria with €820 million investment
The European Union has announced that it would invest €820 million to advance the EU-Nigeria Digital Economy Package that would…
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