Business
Arik Air Shareholders Dispute AMCON ₦455 Billion Debt Claim
Arik Air shareholders refute AMCON’s ₦455 billion debt claims, accusing the agency of mismanagement and non-compliance with court orders
20 January 2025
Business
Business
Nigeria’s Crude Oil Production Falls Slightly in December 2024
Nigeria’s daily crude oil production dropped to 1.48mbpd in December 2024, falling short of budget and OPEC targets.
18 January 2025
Business
AfDB and World Bank Set Conditions for $40 Billion Energy Fund for Africa
World Bank and AfDB lay out terms for African countries’ eligibility to access $40 billion for electricity development.
17 January 2025
Business
Afreximbank To Offer Financial Support To Airlines
Afreximbank to offer crucial support to Nigeria’s ailing aviation industry by providing aircraft leasing services and financial help to airlines.
16 January 2025
Business
Nigerian Fintech Startup LemFi Raises $53 Million to Expand in Europe
LemFi, a fintech startup focused on remittances, raises $53M Series B funding led by Highland Europe to expand operations in Europe and enhance global services.
15 January 2025
Business
CBN Fines Banks ₦150 Million Each Over Cash Shortages
Central Bank of Nigeria (CBN) has fined nine banks ₦150 million each for failing to ensure seamless Naira availability via ATMs during the festive season
15 January 2025
Business
FG Offers New Savings Bonds
Federal government launches two tax-free Savings Bonds with annual returns of 17.23% and 18.23% with two unique 2-year and 3-year Savings Bond
14 January 2025
Business
MTN Nigeria’s Stock Appreciates Amid Tariff Hike Announcement
MTN Nigeria’s stock rebounds with a 21% rise in early 2025, driven by NCC tariff approvals and strategic lease renegotiations.
13 January 2025
Business
NESG and NBS Collaborate on Sensitisation Workshop for Nigeria’s GDP and CPI Rebasing
NESG and NBS host a pivotal workshop on GDP and CPI rebasing, emphasizing accurate data for economic growth
11 January 2025
Business
CBN Halts Extension of Export Earnings Repatriation
Central Bank of Nigeria (CBN) tightens forex management, mandating 90- and 180-day deadlines for export earnings repatriation without extensions.
10 January 2025
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