BUSINESS
NNPCL opens reserves nationwide to end fuel scarcity in Nigeria – Marketers
Petroleum marketers have said the Nigerian National Petroleum Company Limited, NNPCL, has opened its reserves across the federation to end the lingering fuel scarcity. ...
FCMB Group sustains growth momentum, profit rises 192.6% in Q1 2024
FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to N31.3 billion compared to N10.7 billion in the same period in 2023. A ...
Naira vs Dollar: Nigerian govt eyes stricter sanctions on Cryto businesses
The Nigerian government plans to impose stricter rules on cryptocurrency platforms to defeat the Naira against the dollar in the foreign exchange market. The develop ...
Inside the business of card payments in Nigeria
“Cash or card?” “Do you have a PoS so I can make payment?” Every other minute, someone in Nigeria asks either of these questions. Four years ago, the notion that “cash ...
Fuel scarcity: Dealers kick as Lagos depots give Abuja trucks priority
…As scarcity persists, grounds economy • SMEs, end users, others count losses ...
Early Bull Market Boom: Shiba Inu, Raboo, Pepe Draw Massive Investor Interest
As the crypto landscape heats up, the early bull market signals a potent mix of nostalgia and novelty. Seasoned traders and newbie investors alike are setting their sights on not just establ ...
Mortein Nigeria partners with Retail Chain, Marketsquare to further fight against malaria
As part of its activities in the Fight to end Malaria in Nigeria, Reckitt Nigeria, the manufacturers of Mortein Insecticide, has announced a collaboration around malaria prevention and education w ...
NERC initiates unbundling of TCN, establishes Nigerian Independent System Operator
In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has commenced the unbundling process of the Transmission Company of Nigeria (TCN), introducing the N ...
I left oil and gas business because it gave me money, not happiness
By Seye Ojo Ifedayo Agoro, CEO of Dang Lifestyle and founder of Diary of a Naija Girl (the DANG community), is a trailblazing ...
Mike Adenuga: Salute from the Generals
For years, Mike Adenuga has hobnobbed with soldiers that he has become like the proverbial leaf wrapped around black soa ...
Hakeem Alobo-Bakare eyes Island Clubs top job
Does Hakeem Alobo-Bakare need any introduction? The answer would be a capital No! The Lagos-born construction giant and notable socialite has done well fo ...
At 71, Mike Adenuga remains incredible humanist
What do billionaires do when they add a new age? That depends on what sort of person they are. Take, for example, Dr. Mike Agbolade Adeniyi Adenuga ...
Kenyan agritech iProcure under administration over debt issues despite raising $17.2 million
The news: iProcure, a Kenyan agritech company that connects agricultural product distributors to manufacturers, has been placed under administration since April 26, 2024, ...
Record gold prices take shine off London jewellers
Prices of gold have surged to record-highs, hitting businesses - and customers - in east London's Green Street. Photo: James RYBACKI / AFPSource: AFP
Shell signs agreement to build gas pipelines in Oyó
Shell Nigeria Gas, SNG, and the Oyo State Government have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial ...
Access Bank seeks innovative financing models to realise SDGs
L-R: Mories Atoki, Chief Executive Officer, ABCHealth; Jane Ike-Okoli, Head of Specialised Sectors Business & Commercial Banking, Stanbic IBT ...
Nigerias air cargo has potential to outgrow passenger travel –Ukoh, FAAN AviaCargo chair
By Chinelo Obogo, [email protected] Nigeria has immense potential for air cargo which has rem ...
Customs launches “Advanced Ruling” system for trade facilitation
From Ndubuisi Orji, Abuja The Nigeria Customs Service (NCS), on Thursday, launched a trade facilitation scheme, named the Advance Ruling System ...
Binance: Court adjourns $35m money laundering trial
An Abuja Federal High Court on Thursday adjourned a money laundering trial involving Binance and two of its executives to May 13. Binance, Tigran Gambaryan, a U.S. c ...
Weight-loss drug maker Novo Nordisk's profits soar further
Novo Nordisk CEO Lars Fruergaard Joergensen. Photo: Mads Claus Rasmussen / Ritzau Scanpix/AFPSource: AFPDanish pharmaceutical giant Novo ...
NSE President to speak at OTC 2024
From Uche Usim As part of her engagement at the 2024 Offshore Technology Conference (OTC), the President of the Nigerian Society of En ...
MAN raises alarm over KEDCOs threat to disconnect Kano, Jigawa factories
The Manufacturers Association of Nigeria, MAN, Kano/Jigawa branch has raised the alarm that thousands of jobs are at risk of being lost as factories are facing shutdown in the two stat ...
Pfizer profits drop on lower Covid-19 product sales
Pfizer is steering investment to oncology and other drug areas to offset diminished sales in Covid-19 products. Photo: SPENCER PLATT / GETTY IMAGES NORTH AMERICA/Gett ...
Embrace Local Production to Tackle Currency Volatility: Financial Expert
From Olanrewaju Lawal, Birnin Kebbi Professor Ahmadu Umar Sanda, a professor of Financial Economics at Usmanu Danfodiyo University, Sokoto (UDU ...
Five Star Logistics unveils automated port gate to check stealing
In its efforts to curb stealing and attain global best standards and efficient service delivery in port operations, Five Star Logistics Termi ...
Starbucks points to weaker consumer as profit falls
Starbucks reported weaker than expected profits, pointing to lackluster conditions in China and consumer caution in the United States. Photo: SPENCER PLATT / GETTY IM ...
Amazon triples quarterly profit as cloud surges
Amazon is using artificial intelligence to help shoppers and sellers at its online shop, and plans to spend billions on new data centers for its AWS cloud computing u ...
2024 Q1: MTN hits 78m subscribers, up 1.3%
By Rukayat Adeyemi Lagos, April 30, 2024 (NAN) MTN Nigeria says its total subscribers increased by 1.3 per cent to 77.7 million, as at March 3 ...
N200bn Debt: Petrol marketers threaten withdrawal of services amid fuel scarcity
THE Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200 ...
Abu Dhabi-backed group ends Telegraph takeover bid
Last month the UK government said it would bring forward legislation to block state-backed takeover deals in the media industry. Photo: MIGUEL MEDINA / AFP/FileSo ...