Business

The Federal Government has summoned Nigeria LNG Limited (NLNG), Daewoo Engineering and Construction Nigeria, Saipem Nigeria Limited, and the National Association of Plant Operators (NAPO) over alleged fraudulent deductions and non-remittance of workers’ Pay-As-You-Earn (PAYE) taxes on the NLNG Train 7 project in Bonny, Rivers State. The summons, issued by …

In a desperate move to recover a whooping sum of N1, 133, 808, 604. 31 billion, fraudulently removed by some customers, Lotus Bank has dragged 45 banks in Nigeria before a Federal High Court Lagos. Lotus bank, in its motion on notice filed before that court confirmed that the money …

… Commends Tinubu’s reforms, projects $55bn annual revenue …Plans NGX listing to empower Nigerians   President of Dangote Industries Limited, Aliko Dangote, has explained that the decision to expand the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd is driven by emerging opportunities across Africa, …

FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app, enabling customers to make instant, secure, and local currency-based cross-border payments across Africa. PAPSS, …

  By Abiodun Alade When Africa’s wealthiest man, Aliko Dangote, speaks about business, the world often expects to hear numbers — billions invested, factories built, or jobs created. But when he recalls the lesson that guides his empire, it is disarmingly simple, “The soul of business is not in making …

Nigeria’s Q3 2025 Media Sentiment Analysis: Reputation as the New Currency of Trust As Nigeria’s media environment continues to evolve, brand sentiment has emerged as a key indicator of reputation, revealing how corporate narratives influence public confidence, trust, and market perception. A new report by P+ Measurement Services, Nigeria’s leading independent media intelligence …

Nigeria’s Q3 2025 Media Sentiment Analysis: Reputation as the New Currency of Trust As Nigeria’s media environment continues to evolve, brand sentiment has emerged as a key indicator of reputation, revealing how corporate narratives influence public confidence, trust, and market perception. A new report by P+ Measurement Services, Nigeria’s leading independent media intelligence …

  Dangote Group has refuted reports circulating on social media and in some online platforms linking it to a truck involved in a road accident in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State. The company wishes to make it categorically clear that the truck involved in the unfortunate …

  Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has reaffirmed its support for the National Pension Commission’s (PenCom) recent reforms aimed at enhancing flexibility, inclusion, and global access within Nigeria’s pension system.   The new regulatory guidelines introduce two distinct pension options, the Personal Pension …

  Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, hosted a media parley on Tuesday, 30 September, bringing together journalists and key stakeholders in the insurance industry for an engaging session on the future of insurance in Nigeria. The event highlighted the company’s commitment to open dialogue, transparency, and …