Business

In a dramatic intervention set to fundamentally alter Nigeria's downstream petroleum sector, the Dangote Petroleum Refinery has formally committed to supplying 1.5 billion litres of Premium Motor Spirit (PMS) or...

The Central Bank of Nigeria (CBN) has approved the appointment of Mr Paul Abiagam as the substantive Managing Director and Chief Executive Officer of Coronation Merchant Bank, marking the formal...

The naira showed signs of stability in early trading today, offering a brief window of relief for importers, manufacturers, and businesses that have struggled under persistent exchange rate volatility in...

Global credit rating agency Moody’s has upgraded Nigeria’s sovereign credit rating from Caa1 to B3, signalling cautious optimism about the country’s economic direction under the Bola Tinubu administration and recent...

Amid Nigeria’s ongoing revenue drive, commercial banks have remitted N205 billion in windfall taxes to the Federal Government, while an outstanding N600 billion remains unpaid. This development has reignited discussions...

The Federal Government and Dangote Refinery are set to engage in high-level discussions on a potential naira-for-crude arrangement following the refinery’s importation of 12.6 million barrels of crude oil. The...

The Tony Elumelu Foundation (TEF) has announced a significant financial milestone, surpassing $4.2 billion in revenue in its latest fiscal year. The achievement underscores the foundation’s growing influence in supporting...

In a significant step toward improving energy access, a coalition of private companies has successfully electrified 5,000 residents in Ogun State through the deployment of a mini-grid power system. The...

Nigeria’s leading e-commerce platform, Jumia, has officially kicked off its highly anticipated Tech Week 2025, offering massive discounts on a wide range of tech products. The annual sales event, which...

The Tony Elumelu Foundation (TEF) has announced the disbursement of $15 million in seed funding to support 3,000 emerging entrepreneurs across Africa. The initiative, aimed at fostering economic development and...