Business

…Bemoans dumping of adulterated fuel into Africa   President/Chief Executive, Dangote Industries Limited, (DIL), Aliko Dangote, has appealed to African leaders to take deliberate steps—just as the U.S., Canada, and the EU have done—to protect domestic producers from unfair competition, for the continent to experience real growth and development. Speaking …

Small and Medium Enterprises (SMEs) have been encouraged to adopt digital tools to enhance their operations and drive sustainable growth. This call was made during the Fidelity SME Empowerment Program 2025, held on Wednesday, July 23, 2025, at the bank’s dedicated SME Hub in Gbagada, Lagos. The event, which drew a …

As part of its unwavering commitment to digitally transform Nigeria’s small and medium-scale enterprises (SMEs), leading financial institution Fidelity Bank is set to empower entrepreneurs across the country with cutting-edge digital tools designed to streamline operations, boost productivity, and drive sustainable growth. Through the Fidelity SME Empowerment Program (FSEP), the …

EFCC gave a reason for withdrawing the charges against Oba Otudeko The Federal High Court in Ikoyi, Lagos, on Wednesday struck out the N12.3 billion fraud charge filed by the Economic and Financial Crimes Commission (EFCC) against the Chairman of Honeywell Group, Oba Otudeko, following the withdrawal of the case …

Credit ratings agency Fitch Ratings has downgraded Ecobank Nigeria’s viability rating to ‘f’ from ‘ccc.’ A viability rating assesses a financial institution’s intrinsic creditworthiness, including its standalone strength and capacity to weather economic downturns. The downgrade of the viability rating to ‘f’ “reflects Fitch’s view that the bank has suffered …

The Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, has reaffirmed the Company’s commitment to dismantling structural bottlenecks hindering the realisation of a self-sufficient refining ecosystem in Africa. Ojulari disclosed this while delivering a keynote address titled “Building an African Refinery Hub” at the Global Community Insights …

Nigeria’s external reserves increased by $200.26 million, or 0.53 percent, over a one-month period rising from $37.738 billion on June 18, 2025, to $37.938 billion as of July 18, 2025 according to data from the Central Bank of Nigeria (CBN). The 30-day moving average between June 18 and July 18 …

…Says Dangote Refinery imports 9-10m barrels of crude monthly from US, others Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by the President/Chief …

Domestic investors maintained a commanding presence on the Nigerian Exchange Limited (NGX) in the first five months of 2025, with total transactions surging to N2.419tn, more than double the N996.03bn recorded from foreign portfolio investors within the same period. This is according to the May 2025 edition of the Domestic …

As part of its ongoing commitment to environmental sustainability and social inclusion, Nestlé Nigeria has launched a comprehensive Safety, Health, and Environment (SHE) Training Program, empowering 100 plastic waste workers across Lagos and Abuja. This initiative aims to enhance the safety and wellbeing of these invaluable workers while empowering them …