Business

The rhythm of Nigeria's business world
Nigerian businessman Dozy Mmobuosi, once on the brink of acquiring Premier League football club Sheffield United, now faces charges from the US Securities and Exchange Commission (SEC) for an elaborate fraud scheme. The SEC alleges that Mmobuosi inflated his companies' financial performance by...
Total Energies has announced a substantial investment of up to $6 billion in Nigeria, the largest oil producer in Africa. The energy giant revealed its intention to concentrate on deep-water projects and gas production, aligning with the broader industry trend as international oil companies...
has unveiled its latest initiative, the "Moniepoint Personal Banking Refer and Earn" program, aligning with the festive spirit of generosity during the Christmas season. This referral program aims to reward business owners and Moniepoint agents by providing incentives of up to N100,000 or more...
In recent weeks, a perplexing cash shortage has gripped parts of Ikeja, Nigeria, casting a spotlight on the nation's financial landscape. Stretching from Computer Village to Oregun, the scarcity of cash has become evident, with only a few ATMs dispensing cash, imposing withdrawal limits, and...
The Nigerian National Petroleum Corporation Limited (NNPCL) remains resolute in its commitment to completing the Port Harcourt Refinery by the end of December. NNPC Chief Communications Officer Olufemi Soneye affirmed that the timeline for mechanical completion remains unchanged, and the...
Amid the festive season's hustle and bustle, Christmas shoppers nationwide are facing heightened frustration as a severe shortage of naira disrupts holiday spending plans. Investigative reports by The PUNCH reveal that banks are still rationing cash over-the-counter, with Automated Teller...
President Bola Tinubu has conveyed a strong commitment to facilitate the repatriation of funds for foreign investors, emphasizing the Nigerian government's dedication to fostering a conducive business environment. During a meeting at the State House in Abuja, Tinubu assured foreign diplomats...
In a startling revelation, the National Bureau of Statistics (NBS) discloses a surge in Nigeria's headline inflation rate, reaching 28.20% in November compared to the previous month's 27.33%. This data, published in the Consumer Price Index for November 2023, signals a significant 0.87% point...
The World Bank's Nigeria development update unveils a stark reality—Nigeria's poverty rate has surged to 46 percent in 2023, translating to a staggering 104 million poor Nigerians. The report attributes this alarming increase from 40 percent in 2018 to sluggish growth and rising inflation...
In a circular released by Shoprite Mall, the retail giant has announced its decision to cease operations at its Kano branch in Northwest Nigeria, effective January 14, 2024. The circular, obtained by Nairametrics, cites the current financial situation of the mall in the state and the challenging...
Back
Top