The former Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, is currently facing serious scrutiny over how billions of dollars meant for Nigeria’s …
Nigerian Economy
- CorruptionEconomyEnergyFinance & ServicesGOVERNMENTNigeriaOil & GasWestern Africa
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CBN cuts Ways & Means by 59% in boost for reforms
The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
- AfricaBusinessBusiness InsightsEconomyEnergyFinance & ServicesGOVERNMENTMarketsNigeriaOil & Gas
Oil Companies Record Sharp Profit Drop as Global Prices Fall, Nigeria’s Economy Feels the Heat
Major oil companies around the world have recorded sharp drops in profit in the first quarter of 2025, as the fall in global oil prices and rising production costs continue …
- BusinessEconomyFinance & ServicesInnovationLeadership
Business Leaders Urge Innovation, Talent-Driven Strategy Amid Tough Nigerian Economy
Top Nigerian business leaders have stressed the need for innovative thinking and strategic personnel choices to drive growth as companies continue to battle the country’s challenging economic conditions. The call …
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Nigeria Not in Hyperinflation – Financial Reporting Council Insists
The Financial Reporting Council of Nigeria (FRC) has said that Nigeria’s economy cannot be classified as hyperinflationary, despite rising inflation and concerns raised by the International Monetary Fund (IMF) and …
- Banking, Finance & InvestmentEconomyMarketsNigeriaTransportation & Logisitics
Sterling Bank Extends Zero-Transfer Campaign with Free Bus Rides for Lagosians
Sterling Bank Plc is expanding its Zero Transfer Fees campaign into a broader social impact initiative by providing free bus rides to commuters across Lagos, giving relief to thousands of …
- AgricultureBusinessBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyManufacturing
Dangote Sugar Plans 75,000 Jobs Despite N192.6bn Loss in 2024
Dangote Sugar Refinery Plc has announced plans to generate over 75,000 jobs within its sugar value chain as part of its long-term growth strategy, even as the company recorded a …
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GTBank hikes SMS alert fee to ₦6
Guaranty Trust Bank (GTBank) has informed its customers that there will be an increase in the fee for SMS transaction alerts, effective from Thursday, May 1, 2025. The new charge …
- AgricultureEconomyPoliciesTravel & TourismUGANDA
Uganda Plans Bigger Budget for 2025/2026, Focuses on Farming, Tourism and Oil
Uganda’s government has announced a major increase in its proposed national budget for the 2025/2026 financial year. According to the Ministry of Finance, Planning and Economic Development, the new budget …
United Bank for Africa (UBA) Plc has announced plans to expand its operations to over 100 countries and grow its customer base to over one billion within the next 75 …