Business & Economy

Environment

Shell sold Niger Delta asset despite internal doubts over $10.9bn cleanup

Ubong Ekott -
Shell estimated it could cost about $10.9 billion to decommission its ageing onshore oil...
Banks

Otedola increases First HoldCo stake to 25.9% in N222bn buy

Plu Team -
First HoldCo Plc chairman Femi Otedola has consolidated his position as the group's biggest...
Business & Economy

S&P Global to acquire majority stake in Nigeria’s first credit rating agency

Plu Team -
Global financial intelligence giant S&P Global is acquiring a majority stake in Agusto &...
Consumer

Nigeria threatens to ground Moroccan airline for “contempt”

Plu Team -
The Nigerian Civil Aviation Authority (NCAA) has threatened to suspend Royal Air Maroc's operations...
Cost of Living

Analysis: To ease living costs, UK’s new prime minister is doing what Nigeria won’t

Plu Team -
Barely 48 hours after taking office, Britain's new Prime Minister, Andy Burnham, announced one...
Media

American entrepreneur expands TV franchise into Nigeria

Eric Ojo -
Black American entrepreneur and media executive Cheron Griffin has announced the expansion of her...
Security

“Illegal mining funded terror”: Two of Nigeria’s most wanted jihadists get life

Olawale Afolabi -
For a man once described by Nigeria's national security adviser as the mastermind of...
Business & Economy

Trump’s company seeks N150m monthly for faster access to his posts

Plu Team -
A media company majority-owned by U.S. President Donald Trump has proposed charging investment firms...
Business

Why Nigerian poultry farmers are abandoning broilers for eggs

Ubong Ekott -
When you think of Nigeria's protein crisis, your mind probably goes straight to the...
World

California bets billions on film tax credits as global race for productions intensifies

Eric Ojo -
California expects its expanded film and television tax credit programme to generate an estimated...
Business & Economy

Africa holds 30% of world’s critical minerals but captures less than 5% of value: UN

Eric Ojo -
Africa is home to about 30% of the world's critical mineral reserves, yet earns...
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...
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