Business

The Nigerian Naira ended the week stronger, gaining 4.52 kobo against the U.S. dollar on Friday. According to the Central Bank of Nigeria, it traded at N1,534.72 per dollar — a 0.05% increase from Thursday’s N1,534.79 rate. Earlier in the week, the Naira recorded slight losses, trading at N1,535.62 on …

…Ikazoboh steps in as Chairman Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025. He is relinquishing his position as chairman and retiring from the board so as to focus …

Residents say the company, known for its aggressive real estate marketing across Nigeria, has fenced large portions of their land and brought in heavy machinery, including caterpillars, to begin excavation ignoring a subsisting court order barring any such activity. Residents of Ayegun Oleyo, a community in Ibadan, Oyo State, have …

In a strategic move to strengthen its footprint in Nigeria’s gas marketing and distribution value chain, the NNPC Gas Marketing Limited (NGML) has signed a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited, enabling the delivery of up to 44 MMscf/d of natural gas. The agreement, …

Moody’s Investors Service has affirmed the ratings of Ecobank Transnational Incorporated (ETI), upgrading the outlook on its long-term issuer and senior unsecured debt ratings from negative to stable, citing improved financial performance and reduced refinancing risks. The agency confirmed ETI’s B3/Not Prime long- and short-term issuer ratings, B3 senior unsecured …

Seven suspects arrested for alleged involvement in theft of N1 billion from TajBank’s agency banking platform have been sentenced to various prison terms after they pleaded guilty to separate one-count charges, bordering on impersonation, money laundering, retention of proceeds of crime and unauthorized bank transfers filed against them by the …

..As Ibese Plant donates farming inputs to host community farmers Minister of Solid Mineral Development, Mr. Dele Alake has lauded the management of Dangote Cement, Ibese for its contributions to the development of its host communities saying its many social investments have succeeded in fostering economic development and social cohesion …

·                   Revolutionises Remittances with PAPSS Instant Payment Service Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced that its Artificial Intelligence chatbot, LEO is now enabled to carry out cross-border payment transactions. By this, LEO becomes Africa’s first AI-powered chatbot to facilitate cross-border payments, offering customers a seamless and …

To boost rice production in the country, Dangote Rice Limited, a subsidiary of Dangote Industries Limited yesterday in Lagos signed a purchase and sale agreement with Niger State Government owned Niger Foods Security Systems and Logistics Company Limited on steady supply of Paddy rice. Dangote Rice and Niger Foods are …

Stanbic IBTC Bank, a member of Standard Bank Group, has once again reinforced its leadership in Nigeria’s financial services sector with two prestigious wins at the Euromoney Awards for Excellence 2025. The Bank was named Nigeria’s Best Bank for Securities Services and Nigeria’s Best Bank for SMEs, reflecting its commitment to delivering exceptional financial …