Wednesday, May 14, 2025

Business News

CBN sanctions nine banks for not dispensing cash through ATMs

In a clear demonstration of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks (DMBs) for failing to ensure the availability of Naira notes through ATMs ( ATM) during the...

Port Harcourt, Dangote and seven other refineries need 770,500 bpd in H1 2025 – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the Federal Government, Dangote Oil Refinery and eight other domestic refineries are expected to require 770,500 barrels of oil equivalent per day (BOPD) for processing in the first half...

IsDB withdrawal: Edun calls for innovative financing and bold reforms

Minister of Finance and Coordinating Minister of Economy Wale Edun called for bold reforms and smarter investments at the Islamic Development Bank (IsDB) Governors' Retreat held in Al-Madinah City, Saudi Arabia. The retreat aimed to gather input and build consensus...

Five years on, Nigeria's vehicle financing scheme may go live this month

Since 2020, the federal government, through the National Automotive Design and Development Council (NADDC), has been making efforts to establish a vehicle financing scheme to enable Nigerians to purchase new vehicles.In 2019, the former Director-General of...

We will help customers take advantage of market opportunities despite economic challenges – First Bank

First Bank Group Managing Director and CEO Segun Alebiosu has once again underlined the bank's commitment to partnering with customers to seize market opportunities despite tough macroeconomic pressures. Alebiosu stated this in his keynote address at the bank’s economic outlook...

Why 2025 is the perfect year to start a business in Luxembourg

Luxembourg has solidified its reputation as one of the most attractive destinations for entrepreneurs in Europe. With its strong economy, innovative policies and strategic location, the country offers unique advantages for starting and expanding a business. In 2025, these...

Experts call for urgent reforms in the oil and gas sector

Experts, oil and gas sector stakeholders and policy makers have called for urgent reforms in Nigeria's oil and gas sector to increase economic growth. They did so at a day-long symposium themed “Nigeria’s Oil Industry: The Way Forward”, organized by...

Stock Market Supports Bulls as Investors Earn N792.7 Billion

The bulls maintained their grip on the local market for the second consecutive session on Thursday as the All Share Index gained 125 basis points to close at 105,530.74 basis points. On the Nigerian Stock Exchange, the bullish performance was...

SEC will strengthen regulatory framework

The Securities and Exchange Commission (SEC) has expressed its willingness to improve the regulatory framework on government and corporate borrowing. The Director General of the Commission, Dr. Emomotimi Agama, who disclosed this in a chat, said this has become important...

Equity Investors Earn N507.3 Billion As NGX ASI Adds 80 Basis Points

Share trading on the Nigerian Stock Exchange (NGX) was bullish on Wednesday as the All Share Index (ASI) gained 80 basis points to close at 104,230.73 basis points. Notably, buying interests in MTN Nigeria Communications and First Bank of...
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Latest News

My uncle, Adelade Adelev, is the best governor Osun ever

Afrobeat Star, David Adelev, popularly known as Davido, has affirmed that his uncle and title governor of the state...
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