Latest Business News

‘NAFDAC bills companies for the cost of raiding them’

The former president of the Nigerian Association of Chambers of Commerce, Industry,…

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NAICOM increases capital requirements for insurers by 400%

    The National Insurance Commission (NAICOM) has increased the capital requirement…

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Creative industry needs patient capital, fresh mindset, experts declare at QEDNG Summit

  Stakeholders have called for long-term financing of projects and a shift…

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AI startup Perplexity offers to buy Google’s Chrome browser for $34.5bn

  AI-powered search startup Perplexity has thrown a bold punch at the…

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Sugar importation rises as local production falters – Report

  Reflecting the gross under-performance of the sugar sector after over 15…

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FAAC to recover N101bn from Customs after audit report

  A financial audit firm, OOM Professional Services, has flagged discrepancies totalling…

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Afreximbank leads Dangote refinery’s $4bn refinancing deal

  The African Export-Import Bank (Afreximbank) says it has signed a $1.35…

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Dangote refinery appoints new CEO

  The Dangote Petroleum Refinery and Petrochemicals has appointed David Bird, the…

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Dangote Refinery’s direct distribution plan sows panic among transporters, retailers

A brewing confrontation is unfolding in Nigeria’s downstream oil sector, as the…

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MTN Nigeria cuts FX loss by 99.4% to N5bn in H1

  MTN Nigeria Plc says it recorded a foreign exchange (FX) net…

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