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Business - Page 376

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants By Dr Marcel Mbamalu In a stunning turn of events, high-profile resignations have rocked Nigeria’s oil sector, leaving many wondering what’s really going on. The sudden exits of Farouk Ahmed and Gbenga

December 22, 2025

Africa·Business

Consul General Reveals Why African Startups Attract U.S. Investors

The United States Consul General in Nigeria, Will Stevens, has disclosed that US investors have continued to invest massively in African startups because they see high potential for returns, adding that the continent has a rapidly growing market.

November 17, 2023

Gold remains too hot to chase, too hot to short

Business

How United States’ Pivoting To Rate Cuts Is Raising Gold Prices

prices of gold have been a roll for four straight days peaking on Friday as a result of the lower-than-expected inflation readings and growing expectations that an end has come to the United States Federal Reserve's most aggressive interest-rate hiking campaign in

November 17, 2023

Business·Sports

Premier League Hits Everton With 10-point Deduction

Premier League side Everton on Friday suffered a huge blow in their 2023-2024 campaign as they have been docked with an immediate 10-point deduction after being found to have breached the Premier League's profit and sustainability rules

November 17, 2023

Business·Finance & Economy·News

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Tilewa Adebajo, the Chief Executive Officer of CFG Advisory, stressed the necessity for Nigeria to broaden its revenue streams in order to combat the prevailing inflation challenge. Adebajo emphasized the urgency of diversification to bolster the government’s financial capacity and foster economic

November 17, 2023

I Won’t Revoke Winners’ Chapel Airstrip Licence – Keyamo

Business·News·Transport

Nigeria Plans Review Of Bilateral Air Service Agreements With 37 African Nations

The Nigerian government has announced plans to review Bilateral Air Service Agreements (BASA) with 37 African countries

November 17, 2023

FG Files 20 New Charges Against Godwin Emefiele

Business·News·Politics

Emefiele Accused Of N1.6bn Irregularities, Remanded Ahead Of Trial

Mr. Godwin Emefiele, the former Central Bank of Nigeria (CBN) Governor, confronted a six-count charge related to alleged irregularities in procurement, marked by a reduced sum of N1.6 billion from an initial accusation of N6.5 billion in a courtroom drama on Friday, November 17,

November 17, 2023

Business

MultiChoice Grapples With $72.4m Net Loss Due To Forex Woes, Power Outages

MultiChoice Group Ltd, Africa's leading pay-TV company, disclosed its third consecutive semi-annual net loss of 1.32 billion rand ($72.4 million) for the six months ending Sept. 30.

November 17, 2023

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Business·News·Oil & Gas

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Oil marketers and the Nigerian National Petroleum Corporation Limited (NNPCL) engaged in a tug-of-war over the ongoing fuel scarcity that has led to long queues at petrol stations in Abuja and neighboring states. According to Chief Ukadike Chinedu, the National Public Relations

November 17, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets·News

Market Capitalization Hits N39tn As ASI Gains 0.02%, Analysts Optimistic About Resilience

In a day marked by muted market movement, the Nigerian Exchange (NGX) witnessed a slight uptick, with the All-Share Index (ASI) inching up by 0.02% to settle at 71,025.16 points on Thursday.

November 17, 2023

Despite Challenges, USSD In Banking Still Derives Financial Inclusion?

Business

Telecom Operators Threaten USSD Shutdown As Debt Dispute With Banks Hits N200bn

Telecommunications operators in Nigeria have threatened to shut down the Unstructured Supplementary Service Data (USSD) service amidst escalating tensions with deposit money banks (DMBs) over an outstanding debt reaching N200 billion.

November 17, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 376

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Consul General Reveals Why African Startups Attract U.S. Investors

How United States’ Pivoting To Rate Cuts Is Raising Gold Prices

Premier League Hits Everton With 10-point Deduction

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Nigeria Plans Review Of Bilateral Air Service Agreements With 37 African Nations

Emefiele Accused Of N1.6bn Irregularities, Remanded Ahead Of Trial

MultiChoice Grapples With $72.4m Net Loss Due To Forex Woes, Power Outages

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Market Capitalization Hits N39tn As ASI Gains 0.02%, Analysts Optimistic About Resilience

Telecom Operators Threaten USSD Shutdown As Debt Dispute With Banks Hits N200bn

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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