Billionaire businessman, Femi Otedola, has revealed that his offer to buy Nigerian conglomerate, Transcorp Corporation Plc, for ₦250bn was rejected. This came to light on Tuesday in a statement he…

Nigeria’s crude oil output dropped by 38,102 barrels per day in March, translating to a cumulative loss of about 1,181,162 barrels in the month under review, and signalled the first…

Vehicle imports into Nigeria crashed by 128 per cent between the first quarter of 2023 and the corresponding period of 2021, findings by have shown. A document obtained exclusively from…

Vice President Yemi Osinbajo, on Monday, in Abuja, said it would take “serious” private sector investment in Nigeria’s power sector to meet the country’s rising energy needs. Osinbajo made the…

  The board of Dangote Sugar refinery plc has appointed Yabawa Lawan Wabi, as an Independent Non-Executive Director. According to a corporate notice signed by the Company Secretary, Temitope Hassan,…

Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The National Identity Management Commission disclosed this in a statement signed by…

An increase in failed payment transactions in February caused a 4.83 per cent decrease in the value of cashless transactions to N37.67tn from the N39.58tn that was recorded in January…

Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank…

A leading economist, Dr Ayo Teriba, has called for reforms in the Central Bank of Nigeria to make it into a law-respecting organisation. Teriba, who is the Chief Executive Officer…