Business

Dangote to NMDPRA: Our Refinery Produces Best Diesel in Nigeria, Conduct Transparent Probe

Dangote proposes that the CEO of NMDPRA and a Dangote refinery representative, conduct tests across different filling stations for transparency.

3 months ago

CBN Orders Banks to Transfer Dormant Accounts, Unclaimed Balances to its Custody

CBN has introduced new guidelines for managing dormant accounts and unclaimed balances, requiring transfers to the apex bank after 10…

3 months ago

Bank Stocks Fall on NGX After Senate Moves to Retroactively Amend Finance Act 2023

Banking stocks on NGX have depreciated after the Senate's retroactive amendment to the Finance Act 2023 and windfall tax proposal.

3 months ago

Tinubu Welcomes ENI’s Proposed Investment In Nigeria

Tinubu promises reforms will make Nigeria globally competitive while ENI boss Claudio Descalzi assures Nigerians that investors are not leaving.

3 months ago

‘Erroneous’: Air Peace, Arik Air Deny Lessor Blacklisting Allegations

“Air Peace has never dry-leased any aircraft since its inception and has never been blacklisted by any lessor,” the airline…

3 months ago

CBN Approves Additional FX Sale to BDCs at N1,450/$ To Curb Market Distortions

CBN has approved the sale of $20,000 to each eligible BDC operator at N1,450/$ to meet demand for invisible transactions.

3 months ago

Retroactive Tax on Banks Could Hurt Nigeria’s Investment Climate, Investors Warn

Investors have warned that amending the Finance Act 2023 could undermine confidence and negatively impact Nigeria's investment climate if enacted.

3 months ago

Chappal Energies Acquires TotalEnergies’ 10% Stake in Nigerian Oil and Gas Assets for $860 Million

Chappal Energies has expanded its footprint with TotalEnergies' 10% stake in SPDC JV assets, boosting production and reserves.

3 months ago

Dollar Bonds, Debt Servicing, FX Volatility Pose Risks to Nigeria’s Economic Recovery, Kunle Alonge Warns

CEO of Sonora Capital, Kunle Alonge, has cautioned against risky currency pair trading, emphasising the need for thorough fundamental understanding.

3 months ago

UK Appoints New Country Director To Lead UK-Nigeria Trade And Investment Relations

UK has appointed Mark Smithson as Country Director for DBT, succeeding Chim Chalemera, to boost investments between UK and Nigeria.

3 months ago