Africa’s richest man, Aliko Dangote, has refuted claims that petroleum products from his refinery are substandard. He addressed these allegations on Saturday during a visit from the House of Representatives…
The Central Bank of Nigeria (CBN) has mandated that all banks and financial institutions transfer dormant accounts, unclaimed balances, and other financial assets to a dedicated account established for this…
The Central Bank of Nigeria (CBN) has projected a slight reduction in Nigeria’s external reserves in 2024. This forecast is detailed in the recently released maiden edition of its ‘Macroeconomic…
The Management of Dangote Industries Limited has accused International Oil Companies (IOCs) of obstructing its refinery operations. In a statement released on Wednesday, the company claimed that IOCs insist on…
The International Monetary Fund (IMF) has lowered its forecast for Nigeria’s economic growth in 2024 to 3.1%, as detailed in the July 2024 World Economic Outlook report released on Tuesday.…
British luxury brand Burberry (BRBY.L) announced significant changes on Monday, including the dismissal of its CEO and the appointment of Joshua Schulman, former CEO of Coach, to lead the company.…
Nigeria’s inflation has surged to a new high, reaching 34.19% in June 2024, according to the latest data from the National Bureau of Statistics (NBS). This marks an increase of…
On Monday, the Central Bank of Nigeria (CBN) sought to uplift spirits, assuring Nigerians that despite current economic challenges, the nation’s economy is on a path towards strength. CBN Governor…
The Federal Ministry of Power and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) worth ₦115 billion aimed at bolstering Nigeria’s commitment to…
The Corporate Affairs Commission (CAC) has announced its intention to cancel the certificates of incorporation of Bureaux De Change (BDCs) whose licenses were revoked by the Central Bank of Nigeria…