Business
Inflation: CBN raises monetary policy rate to 13 per cent
To curb the rising inflation rate in the country, the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate to...
NSIA’s gross assets hit N1.2trillion amid volatility and cyclical risks across markets
The gross assets of the Nigeria Sovereign Investment Authority (NSIA) have hit N1.2 trillion, its audited financial results for 2021 have revealed....
Lagos airport shut over security breach as man’s mangled body found on runway
The mangled body of a man found on Runway 18R of the international wing of the Murtala Muhammed International Airport, Ikeja, has forced...
Nigeria Exchange Group ranks Dangote Cement as 2021 best performing stock
Africa’s largest cement manufacturer, Dangote Cement Plc, has emerged the Best Performing Stock of the Year 2021 by the Nigeria Exchange Group (NGX)....
Buhari to inaugurate Lekki Refinery before end of tenure, says Dangote
The Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Petroleum Refinery would be ready for inauguration before President...
Why we can’t freely float exchange rate despite IMF, World Bank pressure — CBN Gov.
In spite of pressure from the World Bank and International Monetary Fund (IMF), the Central Bank of Nigeria (CBN) has ruled out freely...
Water sustainability: Ogun Govt, Nestlé Nigeria host stakeholders’ forum
In commemoration of 2022 World Water Day, the Ogun State Ministry of Environment and Nestlé Nigeria have jointly hosted a stakeholders’ forum to...
CBN $200bn repatriation: Heritage Bank, LCFE explore opportunities in export revenue
As part of its support to the Central Bank of Nigeria (CBN) to raise $200 billion in foreign exchange repatriation from the non-oil...
Buhari inaugurates Dangote Fertiliser Plant in Lagos, hails intervention in cement, fertilizer manufacturing
President Muhammadu Buhari has expressed optimism that the President of Dangote Group, Aliko Dangote, will replicate the successes recorded in the cement...
UBA, Cellulant partner to expand reach to 19 markets across Africa
Africa’s global bank, United Bank for Africa (UBA) Plc, and a leading Pan-African Payments company, Cellulant, have announced a partnership to extend payment...
UBA’s gross earnings hit N660.2bn, total assets grow to unprecedented N8.5 trn in 2021 –Uzoka
Africa’s global bank, the United Bank for Africa (UBA) Plc, says investors of the bank will enjoy huge financial benefits and dividends in...
NIRSAL facilitates ₦73bn into Nigeria’s Agro Processing industry, says MD
In pursuit of its mandate of creating a stronger linkage between segments of Nigeria’s Agricultural Value Chain and subsequent AVC-linkage to commercial...
Dangote Sugar records N50.21bn profit, N276bn revenue in 2021
The Dangote Sugar Refinery says it has recorded a gross profit of N50.21 billion and profit-after-tax of N22.05 billion at the close of...
GTCO Plc Posts Whopping Profit Before Tax of ₦221.5bn for 2021
Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has posted Profit-Before-Tax of ₦221.5billion, representing a 7.0% drop from ₦238.1billion recorded...
$2.1tn targeted globally on renewable energy in 2022, says Wunti, NAPIMS boss
He said: “$2.1 trillion is expected to be spent on renewable energy in the year 2022. All to fund renewable; That is three...
Cement high prices: BUA Group fingers middlemen, competitors
A cement manufacturing company, the BUA Group has blamed middlemen and other manufacturers for the high cost of cement in the...
