Business & Economy

Business & Economy

CBN warns against rejecting ₦100 notes

Anietie Umoren -
The Central Bank of Nigeria (CBN) has warned businesses, financial institutions and members of...
Business & Economy

Oil prices jump 5% after Trump declares Iran ceasefire “over”

Plu Team -
U.S. President Donald Trump said Wednesday that the ceasefire between the United States and...
Business & Economy

Emerald HoldCo launches mandatory takeover bid for Beta Glass

Plu Team -
Emerald HoldCo B.V. has launched a mandatory takeover offer to acquire up to 11.74...
Business & Economy

Tony Elumelu to retire as UBA chairman, Emmanuel Nnorom named successor

Plu Team -
United Bank for Africa (UBA) has announced that its Group Chairman, Tony Elumelu, will...
Business & Economy

CBN revokes 46 Microfinance Bank licences

Plu Team -
CBN revokes 46 Microfinance Bank licences The Central Bank of Nigeria has revoked the operating...
Business & Economy

World Bank approves $1.25bn Nigeria facility amid debt backlash

Plu Team -
The World Bank has approved a fresh $1.25 billion Development Policy Financing (DPF) operation...
Business & Economy

Oil falls after Iran talks, but Nigerians still pay over N1,300 for petrol

Plu Team -
Global crude oil prices have fallen to their lowest levels since the outbreak of...
Business & Economy

SEC halts unauthorised marketing of Dangote refinery IPO

Plu Team -
Nigeria's Securities and Exchange Commission (SEC) has ordered an immediate halt to the marketing...
Business & Economy

Nigeria headline inflation ticks up to 15.93% in May – NBS

Plu Team -
Nigeria’s headline consumer inflation accelerated for a third consecutive month in May, fueled by...
Business & Economy

Seplat names Effiong Okon CEO as Roger Brown retires; Tony Elumelu to become chairman

Plu Team -
Seplat Energy Plc has announced a major leadership transition that will see Chief Executive...
Business & Economy

IMF praises Tinubu’s reforms but says 63% of Nigerians live in poverty

Plu Team -
The International Monetary Fund (IMF) has endorsed Nigeria's economic reforms under President Bola Tinubu,...
Business & Economy

SpaceX defies IPO tradition with $135 share price ahead of market debut

Ubong Ekott -
SpaceX has upended one of Wall Street’s longest-standing traditions by publicly setting a $135...
Business & Economy

Mastercard opens its global settlement network to stablecoins

Plu Team -
Mastercard is expanding its settlement infrastructure to support regulated stablecoins alongside traditional fiat currencies,...
Business & Economy

Legend entered Spectranet merger after revenue slump, result shows

Plu Team -
Legend Internet Plc entered its planned merger with broadband provider Spectranet Limited after a...
Business & Economy

SoftBank dethrones Toyota as Japan’s most valuable company

Ubong Ekott -
For decades, Toyota Motor was the undisputed crown jewel of Japanese capitalism — a...
Business & Economy

Tinubu lists achievements after 3 years, but Nigerians see only hardship

Plu Team -
President Bola Ahmed Tinubu marked three years in office on Friday with a detailed...
Business & Economy

BUA Foods proposes ₦28 dividend ahead of July AGM

Plu Team -
BUA Foods Plc has proposed a dividend payout of ₦28 per share to shareholders...
Business & Economy

Elumelu formally joins Seplat board after $500m share deal

Plu Team -
Shareholders of Seplat Energy Plc have formally confirmed the appointment of Tony Elumelu as a non-executive director at...
Business & Economy

Dangote announces September date for refinery IPO

Plu Team -
Aliko Dangote has announced that the initial public offering (IPO) of Dangote Refinery is...
Business & Economy

Nigeria got S&P credit upgrade. Here is what it actually means for you

Ubong Ekott -
On Friday, S&P Global joined Fitch and Moody's in raising Nigeria's credit rating. Politicians...
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