Business

Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has urged manufacturers to lead efforts in diversifying Nigeria’s foreign exchange earnings from crude oil dependence. Cardoso made the call at the 54th Annual General…
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The Central Bank of Nigeria (CBN) has issued a directive to all commercial banks, microfinance banks, mobile money operators, and other licensed participants in the Nigerian payments ecosystem, mandating full migration to the ISO 20022…
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Members of the Manufacturers Association of Nigeria in Kano State in Kano have indicated their readiness to bypass the utility companies in the state for direct power supply from the Niger Delta Power Holding Company, saying this will…
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Nigeria’s fourth-largest telecoms operator, 9mobile, has unveiled a new brand identity, T2, as part of efforts to revive its market presence and digital focus. The Chief Executive Officer, Obafemi Banigbe, made this known during the…
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Africa’s richest man, Aliko Dangote, has retired as the Chairman of the Board of Directors of Dangote Cement Plc. In a statement on Friday, a spokesman for the company, Anthony Chiejina, said the retirement took effect from July 25, 2025.…
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The Federal Competition and Consumer Protection Commission (FCCPC) has reaffirmed its commitment to sanitising Nigerian markets and safeguarding consumers through direct engagement with traders and market leaders. The Executive Vice…
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The Central Bank of Nigeria (CBN) has introduced time-bound measures for some banks still completing their transition from the temporary regulatory support provided in response to the economic impact of the COVID-19 pandemic. According…
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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns on Dangote Refinery's forward integration strategy on fuel distribution. The association cautioned that it could lead to a monopoly in…
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The Central Bank of Nigeria (CBN) has debunked a news story circulating that suggested it had extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to Dec. 31. In a statement on Wednesday, Mrs Hakama Sidi…
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Nigeria’s leading non-interest financial institution, TAJBank, on Tuesday signed the completion agreement for the N20bn second tranche of its N100bn Mudarabah Sukuk bond programme. The latest investment initiative of the multiple…
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