Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
• Names finance minister as chairman Following the six-week suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA) by President Bola Tinubu…
There is growing disquiet within the Central Bank of Nigeria (CBN) following revelations of plans by the new management to relocate major departments from the Abuja…
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday.…
Telecom billionaire Mike Adenuga has regained the position of Nigeria’s second-richest person with a net worth of $7.4 billion, surpassing Abdul Samad Rabiu, who is now…
The Central Bank of Nigeria has dissolved the board and management of four banks in a move that is seen as the implementation of the report…
The Chief Executive Officers (CEOs) of Zenith, Providus, and Jaiz banks have been apprehended by the Economic and Financial Crimes Commission (EFCC) amid a sweeping investigation…
Nigerian telecommunications giant Globacom (GLO) has slammed reports accusing them of owing interconnect charges to rival MTN, calling the claims “entirely false” and a result of…
Justice Olukayode Adeniyi of the FCT High Court on Monday awarded N100 million in damages to the suspended former governor of the Central Bank of Nigeria,…
Globacom subscribers will not be able to make calls to MTN lines soon due to the non-settlement of interconnect charges. The Nigerian Communications Commission disclosed this on Monday…
Foreign airlines were owed more than $700 million at the end of November. The Central Bank of Nigeria has paid nearly $2 billion in outstanding foreign…
