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Abdul Samad Rabiu Climbs to Africa’s Fourth Richest

Abdul Samad Rabiu net worth reaches $11.3 billion, lifting the Nigerian industrialist to fourth richest in Africa on the Bloomberg Billionaires Index.
Business

Globacom Pledges N1 Billion to Lagos Security Trust Fund

Globacom commits N1 billion to the Lagos State Security Trust Fund to support surveillance expansion and emergency response improvements in Nigeria’s largest city.

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Business

Binance Executive Denied Bail in Nigeria: Implications for Crypto Regulation and the Legal Landscape

The denial of bail for Binance’s compliance chief in Nigeria, charged with money laundering, raises questions about cryptocurrency regulation and the country's legal system.
Business

Government, Dangote Refinery Set to Reform Petrol Distribution

The Nigerian government and Dangote Refinery are advancing plans to reform the country’s petrol distribution system and remove subsidies
Business

Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.
Business

Dangote Refinery Set to Boost Nigerian Economy by $400B Over Six Years

Dangote refinery is projected to boost Nigeria’s economy, reduce fuel imports, and generate jobs, significantly impacting growth by 2030
Business

FBI Seeks EFCC Aid to Arrest Two Nigerians Over $13m U.S Healthcare Fraud

The FBI has requested the EFCC's assistance in apprehending two Nigerian fugitives accused of orchestrating a $13 million healthcare fraud scheme in the United States
Business

World Bank Approves $1.57 Billion to Boost Human Capital in Nigeria

The World Bank has approved $1.57 billion to boost human capital in Nigeria, focusing on improving healthcare for women, children, and adolescents, and enhancing climate resilience
Business

Inflation’s Grip on Nigeria’s Airline Industry: Navigating Turbulent Skies

Nigeria's airline industry is grappling with soaring inflation, fuel costs, and declining revenues. Find out the challenges and explore potential solutions for recovery.
Business

Nigeria to Cut Transport Costs by 40% with CNG Shift

Nigeria adopts CNG to reduce transport fares by 40%, aiming for cheaper, cleaner, and more reliable transportation for its citizens
Business

Dangote Urges Government to End Fuel Subsidies Immediately

Aliko Dangote calls for an immediate end to fuel subsidies in Nigeria, explaining how it could reduce costs and stabilize the economy
News

Tinubu Prioritizes Financial Sector to Attract Domestic, Foreign Investments

President Bola Tinubu assures a business-friendly environment to attract domestic and foreign investments during a meeting with Coca-Cola's leadership team.
Business

Nigeria Unveils Advanced SCADA System for National Grid

Nigeria's government has unveiled a new SCADA system to improve grid management and reliability, marking a key step toward energy security
Business

CBN Warns of External Reserve Risks Amid Fuel Subsidy Removal

The Central Bank of Nigeria warns that fuel subsidy removal, increased import costs, and higher debt obligations could threaten external reserve growth by 2024-2025
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Business

Abdul Samad Rabiu Climbs to Africa’s Fourth Richest

Abdul Samad Rabiu net worth reaches $11.3 billion, lifting the Nigerian industrialist to fourth richest in Africa on the Bloomberg Billionaires Index.
Business

Globacom Pledges N1 Billion to Lagos Security Trust Fund

Globacom commits N1 billion to the Lagos State Security Trust Fund to support surveillance expansion and emergency response improvements in Nigeria’s largest city.
News

Amni International Denies Receivership in Cenroc Dispute

Amni International denies it has entered receivership, saying a Federal High Court order in a Cenroc dispute is limited and under appeal.
Business

Eno Defends Akwa Ibom Oil Wells Claim

Governor Umo Eno defends Akwa Ibom oil wells ownership, citing Supreme Court rulings amid renewed Cross River revenue claims.

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