Aliko Dangote Steps Down as Chairman of Dangote Sugar Refinery
Aliko Dangote will step down as Chairman of Dangote Sugar Refinery Plc, effective June 16, 2025, marking the end of a two-decade tenure at the helm…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
World Bank Re-enters Nuclear Energy Space to Meet Growing Power Demand
The World Bank is re-engaging in nuclear energy for the first time in decades, according to President Ajay Banga, as part of efforts to help developing…
Rivers Sole Administrator Says 2025 Budget Anticipates Fubara’s Return
The Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (retd), has stated that the proposed N1.48 trillion budget for 2025 makes provisions for the return…
Nigerian Govt to Forfeit $4m World Bank Loan Over Audit Failures
The Federal Government is set to forfeit $4 million from a World Bank loan due to its inability to meet auditing standards tied to a key…
Pottery, capable of restoring wellness, economic development- Tade Craft
As part of efforts aimed at reviving Nigeria’s culture through pottery, the founder, Tade Craft, Bamikole Blessing has spotlighted the essence of culture and restoration of…
Dangote Urges Government to Support Local Investors for Economic Growth
President of the Dangote Group, Aliko Dangote, has called on federal and state governments to prioritise support for local investors as a key strategy for driving…
Governor Mbah Laments FG Exclusion of Enugu in 13% Oil Derivation Fund
Governor Peter Mbah of Enugu State has called on the Federal Government to commence the disbursement of the 13 per cent oil derivation fund to the…
CBN Retains Interest Rate at 27.5% as Inflation Eases
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5 percent. CBN Governor…
Tinubu Approves Regulatory Licences for Kolmani Oil Project
President Bola Tinubu has approved the issuance of critical regulatory licences for the Kolmani Integrated Development Project, a multibillion-dollar oil exploration initiative situated between Bauchi and…
Nigerians Investors Gain N315bn as NGX Stocks Rebounds
Investors at the Nigerian Exchange Limited (NGX) recorded a N315 billion gain on Tuesday as the market rebounded, reversing losses from the previous two trading sessions.…