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Category: Business
NDIC lists Heritage Bank’s head office, other assets for sale
The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its…
Nigeria’s economic downturn responsible for decline in DStv subscribers – Multichoice
African Pay-TV operator, Multichoice Group, has blamed Nigeria’s economic challenges for the decline in DStv subscribers.According to Multichoice, active subscribers in the country has reduced…
We’ve repaid $2.4bn of $5.5bn Refinery debt – Dangote
The Chairman of Dangote Group, Aliko Dangote, has revealed that the company has paid off $2.4 billion out of the $5.5 billion loan it took…
Nigeria crude oil production drops to 1.25mbpd – OPEC
Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded in April 2024, according to…
Data breach: FG slams N400m fine on four banks, others
The Nigeria Data Protection Commission has said more than 1000 financial institutions, schools, insurance companies, and consultancy firms are currently undergoing investigations for various degrees…
Dangote Refinery announces fresh date to commence fuel supply in Nigeria
Dangote Refinery has announced July 10–15, 2025, as the new date to commence supply of Premium Motor Spirit (fuel) to the Nigerian market.The President of…
FAAC revenue drops by N9.6bn as three tiers of Nigerian govt share N1.1tn in May
The Federation Accounts Allocation Committee revenue dropped by N9.604 billion as Nigerian Federal, state and local governments shared N1.143 trillion in May 2024.The communiqué showed…
States work on total electricity subsidy removal, new tariff
State governments are getting set to eliminate electricity subsidies in their territories as more states gear up to join others in running their different power…
Sallah: Ram traders lament low patronage amidst high prices
As the countdown to Sallah festivities narrows, ram sellers across the country are currently grappling with a disturbing trend of low patronage.Their voices showed frustration…
CBN probe: Tinubu, Cardoso’s anti-corruption drive yielding results — Analyst
A Lagos-based public affairs analyst and writer, Gbenga Ibrahim has commended President Bola Tinubu and CBN President Yemi Cardoso, for driving change through the ongoing…