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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Boosting Non-Oil Trade: Sterling Bank and Afreximbank Ink $75 Million Deal

Sterling Bank Plc, one of Nigeria’s leading commercial banks, has signed a $75 million...
News

Tinubu Seeks Investment Opportunities at Riyadh Summits

President Bola Tinubu of Nigeria is set to attend two major summits in Riyadh,...
Business

West Africa Loses Billions to Trade Barriers Along Lagos-Abidjan Highway

The Lagos-Abidjan highway, a 1,028-km road project that aims to connect five coastal countries...
Business

Nigeria’s Industrialisation Dream Fades as Naira Hits Record Low 

Nigeria, Africa’s largest economy, is facing a crisis of industrialization as its currency, the...

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News

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
News

Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.