Business & Economy

Business & Economy

House proposes ₦5m fine for Abuja landlords demanding over a year’s rent

Plu Team -
Landlords in the Federal Capital Territory (FCT) who demand multi-year advance rent payments from...
Business & Economy

Obasanjo: Tinubu’s naira devaluation has made every Nigerian poorer

Plu Team -
Former President Olusegun Obasanjo has blamed the steep fall of the naira under President...
Banks

America’s biggest bank JPMorgan moves to launch operations in Nigeria

Plu Team -
JPMorgan Chase & Co. has deposited ₦50 billion ($38 million) with the Central Bank...
Business & Economy

Shell sells gas pipelines serving 130 factories to Nigerian firm Vaaris

Plu Team -
Shell is selling the business that pipes natural gas to more than 130 factories...
Business & Economy

Subsidy windfall: Kaduna only state where social spending per head stalled

Plu Team -
Kaduna State increased its spending far faster than its revenue after the petrol subsidy...
Business & Economy

Nigerian govt spent N0.7trn on projects in six months, paid N7.7trn in interest

Plu Team -
Pluboard Series: The Subsidy Windfall Since President Bola Tinubu ended the petrol subsidy in May...
Africa

Interest payment on debt costs Africa $75bn yearly, UN says

Eric Ojo -
African governments pay an estimated $75 billion annually in excess interest because of persistent...
Business & Economy

Atiku dismisses Tinubu’s 30-day fuel discount as “election-laced” stunt

Plu Team -
Former Vice President Atiku Abubakar has rejected the federal government's 30-day petrol discount at...
Business & Economy

Weeks after Uber’s exit, Moove shuts down in Nigeria

Plu Team -
Moove, a mobility company that finances vehicles for ride-hailing drivers, announced on Thursday that...
Business & Economy

Elections near, Tinubu offers 30-day petrol discount after three years

Plu Team -
The Tinubu administration says it will sell petrol at cost through NNPC Limited's filling...
Business & Economy

Africa launches own credit rating agency to challenge Moody’s, S&P and Fitch

Plu Team -
The African Union has launched the Africa Credit Rating Agency (AfCRA), the continent's first,...
Business & Economy

High prices force Nigerians to cut petrol use by 14% as supply rises

Plu Team -
Nigeria had substantially more petrol available in August than in July, but consumed markedly...
Business & Economy

CBN’s rate cut: What it means for your loans, savings and wallet

Ubong Ekott -
The Central Bank of Nigeria just made its biggest single interest-rate move in almost...
Business & Economy

CBN cuts interest rate to 23% in biggest rate drop since 2006

Plu Team -
The Central Bank of Nigeria (CBN) has delivered its largest interest rate reduction in...
Business & Economy

Indomie owner Tolaram expects revenue to exceed $2 billion

Plu Team -
The company behind Indomie noodles, one of Nigeria’s most recognisable consumer brands, expects its...
Business & Economy

Dangote IPO demand overwhelms Nigerian fintech platforms

Olawale Afolabi -
Nigeria’s fintech infrastructure came under pressure this week as retail investors rushed to buy...
Business & Economy

IFC launches $700m digital payments initiative for emerging markets

Eric Ojo -
The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, last...
Africa

Africa loses $195bn in natural capital every year – UN

Eric Ojo -
More than 62% of Africa’s rural population depends directly on ecosystem services, yet the...
Oil & Gas

Nigerians lament hardship as petrol nears N1,500 and govt offers no relief

Plu Team -
Nigerians are facing another sharp increase in the cost of getting around and running...
Business & Economy

It’s On: Dangote refinery launches record ₦2.15 trillion IPO

Plu Team -
The Dangote Refinery has officially launched its much-awaited Initial Public Offering (IPO). The trading...
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