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CBN sacks Union Bank board of directors, disbands leadership of Keystone, Polaris, Titan banks

The Central Bank of Nigeria (CBN) has ousted the boards of Union Bank, Polaris Bank, Keystone Bank, and Titan Trust Bank. The shake-up unfolded...
Business

Abia, Akwa-Ibom, FCT, Lagos and two states attract $654.65 million in foreign investments within three-month period

In the third quarter of 2023, a substantial $655.4 million in capital importation flooded into the coffers of six Nigerian states and the Federal...
Business

Dangote refinery receives third million-barrel crude shipment, sets sights on transformative energy production from January 2024

Dangote Refinery, in collaboration with Shell International Trading and Shipping Company Limited (STASCO), recently welcomed its latest one-million-barrel crude oil cargo on Wednesday, marking...
Business

How to apply for N50,000 ($50) FG grant loans for nano business

The Federal Ministry of Industry, Trade and Investment, the Nigerian government has launched two game-changing initiatives, namely the Presidential Conditional Grant Programme and the...
Business

NNPCL shatters rumors, says no plans for fuel price hike

In a bid to dispel growing concerns over potential fuel price hikes, the Nigerian National Petroleum Company Limited (NNPCL) has emphatically assured the public...
Business

Africa’s largest syringe company shutdown operations in Nigeria over unforeseen challenges for long-term prosperity

Jubilee Syringe Manufacturing (JSM), the renowned syringe manufacturing giant in Awa, Onna Local Government Area of Akwa Ibom, has temporarily ceased operations, citing unforeseen...
Business

Bread prices set to surge by 20% from January 2024: Industry leader cites soaring production costs

Emmanuel Onuorah, the President of the Premium Breadmakers Association of Nigeria, has announced an impending increase in bread prices ranging from 15 to 20...
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