The Financial Reporting Council (FRC) has lifted the three-month suspension it placed on Mr. Abel Onyeke, a senior partner at Nexia Agbo Abel & Co, after concluding that the initial …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- BusinessEconomyEnergyGOVERNMENTOil & GasPolicies
Petrol Can Drop to N350 if FG Supports Local Refineries – CORAN
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has said that petrol can sell for as low as N350 per litre if the Federal Government supports local refineries and …
- BusinessEconomyGOVERNMENTInfrastructurePolicies
Shipowners Spend Millions of Dollars Abroad for Vessel Repairs as NIMASA’s Dockyard Remains Idle
Nigerian shipowners are crying out over the high cost of dry-docking their vessels in neighbouring West African countries, while a N50 billion modular floating dock owned by NIMASA lies unused …
Nigeria spent a total of N13.12 trillion on servicing its debts in 2024, a big jump from the N7.8 trillion it paid in 2023. This is a 68 per cent …
- Banking, Finance & InvestmentBusinessEconomyTechnology
FCMB Group’s digital revenues up N101.9bn in 2024
FCMB Group Plc has continued to show strong growth in its digital business as it recorded a 69.2 per cent increase in digital revenue in the 2024 financial year. This …
- Business and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
FCMB Records N73bn Profit After Tax, Raises N144.6bn in Public Offer
First City Monument Bank (FCMB) Group Plc has announced a profit after tax of N73.34 billion for the financial year ended December 31, 2024. This marks a drop from the …
- Business and EconomyEducationEntrepreneurshipNigeriaTechnologyWestern Africa
SMEs Must Embrace Innovation to Survive – Demola Aderibigbe
The Chief Executive Officer of Lalaa Consulting, Mr. Demola Aderibigbe, has said that small and medium-sized enterprises (SMEs) in Nigeria must begin to apply creativity and innovation in their businesses …
- BusinessFintechNigeriaWestern Africa
eTranzact International Reports N5bn Pre-Tax Profit in 2024, Marks 53% Growth
Lagos – Nigerian fintech giant, eTranzact International Plc, has posted a robust N5 billion pre-tax profit for the year ended December 31, 2024, representing a 53.2% increase from the N3.1 …
- AviationLabourNigeriaWestern Africa
Retired NAMA Workers Cry Out Over Unpaid Pension Increases Since 2007
Abuja – Retired staff of the Nigerian Airspace Management Agency (NAMA) have cried out over unpaid pension increases that have been pending since 2007, despite several government directives ordering implementation. …
- EconomyFinance & ServicesGOVERNMENTNigeriaWestern Africa
Nigeria’s Public Debt Rises to N144.67tn, Records 48.58% Increase in One Year
Abuja – Nigeria’s total public debt has climbed to N144.67 trillion as of December 31, 2024, according to a fresh report released by the Debt Management Office (DMO). This figure …