UAE banking giant First Abu Dhabi, Etihad to launch in Nigeria
The United Arab Emirates (UAE) has announced plans for First Abu Dhabi Bank (FAB), the country’s largest bank, to establish operations in Lagos, while Etihad Airways is set to begin…
Dangote Refinery slashes petrol price to N1,250/litre
Dangote Petroleum Refinery has reduced its petrol gantry price by N25 per litre, lowering the rate from N1,275 to N1,250 per litre amid a decline in global crude oil prices.…
EU slams Temu with $232m fine over illegal products
The European Union has fined Chinese-owned online retail platform Temu €200 million ($232 million) for allegedly allowing the sale of illegal and unsafe products across its marketplace. EU regulators announced…
Otedola to invest ₦137.22bn in Dangote Refinery
Billionaire businessman Femi Otedola has announced plans to invest $100 million (approx. ₦138 billion) in the Dangote refinery ahead of its planned initial public offering (IPO). Otedola disclosed this on…
IMPI defends Tinubu’s borrowing for infrastructure
The Independent Media and Policy Initiative (IMPI) has defended the borrowing policy of President Bola Tinubu’s administration, insisting that debt financing remains necessary to bridge Nigeria’s massive infrastructure deficit. In…
Tinubu welcomes $4.7bn France-Nigeria trade growth at Nairobi summit
President Bola Tinubu has welcomed the outcomes of the 10th France-Nigeria Business Council Meeting held during the Africa Forward Summit in Nairobi, Kenya, saying the partnership between both countries has…
Rabiu overtakes Rupert as Africa’s second richest man
Industrialist Abdul Samad Rabiu has emerged as Africa’s second-richest individual after his net worth climbed sharply to $18.6 billion, according to the latest Bloomberg Billionaires Index (BBI). The remarkable rise…
Few months after appointment, Tinubu sacks NMDPRA boss, picks new CEO
President Bola Tinubu has removed Mr Saidu Mohammed as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in what the Presidency described as a decision taken…
FG panel proposes adding aviation fuel to naira-for-crude scheme
A federal government technical committee has recommended the inclusion of aviation fuel, also known as Jet A1, in the naira-for-crude initiative as part of efforts to stabilise supply and reduce…
CBN introduces 10 new BVN rules effective May 1
The Central Bank of Nigeria (CBN) has announced 10 major updates to the Bank Verification Number (BVN) system, set to take effect from May 1, as part of efforts to…