Business News
Business and economic news from Nigeria and around the world.
CBN takes over Skye Bank, announces a new name
The Central Bank of Nigeria (CBN) has revoked the operating license of Skye Bank Plc with immediate effect.
Read moreDetails
NNPC reacts to $470.5 million seizure by Police
NNPC has reacted to reports of seizure of $470.5 million allegedly belonging to the corporation in some commercial banks.
Read moreDetails
Berger Paints Nigeria Plc appoints new Company Secretary
Ayokunle Ayoko gets Berger Paints Nigeria Plc appointment.
Read moreDetails
FG seeks to crash price of locally produced rice
FG wants local rice farmers to reduce price of locally produced rice.
Read moreDetailsPolice recover $470.5 million belonging to NNPC’s Brass LNG
The Nigerian Police Force announced it has traced $470.5 million belonging to NNPC Brass LNG.
Read moreDetailsNNPC records 46% surge in trading surplus
NNPC has consolidated on its operational performance with a trading surplus of ₦17.16bn.
Read moreDetails
EFG Hermes eyeing further expansion In Nigeria
EFG Hermes was founded in 1984, and currently operates in the United Arab Emirates, Saudi Arabia, Jordan, Kuwait, Omar, and...
Read moreDetails
Italian Court jails Nigerian, one other over Malabu oil deal
An Italian Judge has sentenced two middlemen found guilty of corruption offences relating to Shell and Eni.
Read moreDetails
Honeywell to pay shareholders N475.8 million as dividend
Honeywell Flour Mills Plc to pay dividend for 2018 financial year.
Read moreDetails
Lagos remains the state with the highest debt profile
Nigerian total debt stock stood at $73.21 billion in Q2 2018.
Read moreDetails
