Business & Economy

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...
Business & Economy

Oil rises above $100 first time since July over Iran war

Plu Team -
Brent crude has risen above $100 a barrel for the first time since July...
Business & Economy

Pluboard interview: U.S. couple takes Black church drama to Africa, eyes Nigeria

Eric Ojo -
A U.S. husband-and-wife filmmaking team behind an independently produced television drama about faith, money,...
Business & Economy

Nigeria orders fast-track disbursement of $700m mariime fund

Plu Team -
The Nigerian government has ordered maritime authorities and commercial lenders to accelerate the processing...
Business & Economy

Crude prices rally as US and Iran exchange strikes on commercial vessels

Plu Team -
Global oil prices extended gains on Monday as escalating maritime exchanges between the United...
Africa

AU sets launch date for own credit rating agency

Plu Team -
The African Union (AU) has officially set October 7 for the launch of the...
Business & Economy

Dangote refinery IPO set for mid-September launch

Plu Team -
The long-awaited public share offering of Nigeria’s massive Dangote Refinery is set to open...
Business & Economy

Uber exits Nigeria after 12 years, offers drivers “goodwill payment”

Plu Team -
Uber is ending its operations in Nigeria after 12 years, withdrawing from one of...
Business & Economy

China’s aluminium profile shipments to Nigeria jump 1,614% in July

Olawale Afolabi -
China’s aluminium profile shipments to Nigeria surged 1,614% month-on-month in July, making Nigeria the...
Business & Economy

Meta agrees to pay $18bn settlement over child safety claims

Plu Team -
Meta has agreed to pay up to $17.1 billion to settle lawsuits brought by...
Business & Economy

Geregu Power bond default: What it means for Nigeria’s capital market

Ubong Ekott -
There is a particular kind of shock that travels fast through financial markets -...
Business & Economy

Nigeria targets $50bn offshore oil investment by 2030

Plu Team -
Nigeria’s upstream petroleum regulator expects to attract between $30 billion and $50 billion in...
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