Business News

Minister announces revocation of 1,263 mineral licences, defaulters to face EFCC

September 21, 2025

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Business News

Business and economic news from Nigeria and around the world.

Olumide Adeosun, Forte Oil Plc, Forte Oil CEO, Olumide Adeosun

Forte Oil to change its name to Ardova Plc

Forte Oil Plc will be getting a new name very soon. This is following shareholders' resolution to change the oil company's...

Enyimba Economic City: A tale of N500 billion and 625,000 jobs

by CSL Stockbrokers

Earlier in the month, Governor of Abia State, Dr Okezie Ikpeazu took a major step towards actualising the vision of...

Tomato sellers in NIgeria, Nigeria’s tomato shortfall: What’s the way forward?

Federal Government tasked to increase tariffs on tomato paste

by Chidinma Nwagbara

The FG has been urged to increase tariffs on tomato concentrate so that the country can benefit maximally and encourage local participation.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Politics

Invest in infrastructural development – CBN Governor admonishes investors

Private investors have been encouraged to invest in infrastructure bonds by the Governor of the Central Bank of Nigeria (CBN),...

Louis Vuitton acquires American jeweller, Tiffany for $16 billion

by Chidinma Nwagbara

LVMH Moët Hennessy has bought the American jeweller known for its engagement rings and white diamond necklaces, Tiffany & Co for...

A new BVN guideline to curb e-fraud is coming soon – CBN announces

The Central Bank of Nigeria (CBN) will soon impose new rules on the operations of the Bank Verification Number (BVN)...

CBN’s takeover of National Art Theatre is a breach of contract – Jadeas Trust Consortium

by Fakoyejo Olalekan

Prince Chris Ogan has described the proposed takeover of the National Art Theatre by the CBN and the Bankers Committee, as a breach...

Politics

Transport Minister sets April 2020 deadline for Lagos-Ibadan railway project

April 2020 has been slated as the completion date of the N2 billion Lagos-Ibadan railway project.

Politics

Dangote, Elumelu, Leo Stan Ekeh, others set to receive FG’s National Productivity Merit award

by Chidinma Nwagbara

No less than 21 prominent persons have been nominated by the Federal Government for the National Productivity Order of Merit...

capital importation, Nigeria spends N1.9 trillion on goods from China in H1, up by 88% , Capital importation jacks by 5.7% (YoY) as banks attract $4.74 billion , Capital flows to Nigeria down for the second consecutive quarter by 7.8% q/q

Nigeria received $5.36 billion capital inflows in Q3 2019, as major sectors witness decline

by Bamidele Samuel Adesoji