Central Bank of Nigeria (CBN) has distanced itself from an organisation operating as Zuldal Microfinance Bank Limited, cautioning Nigerians that the entity is not licensed to conduct any form of banking or microfinance services in the country. In a statement issued by the Acting Director of Corporate Communications, Mrs....
BUSINESS
In demonstration of the commitment of the Oluwaseun Faleye-led executive management of the Nigeria Social Insurance Trust Fund (NSITF) to ensuring the Fund delivers on its mandate, the Managing Director and Chief Executive has presented three cheques totalling N75,840,194.73 to beneficiaries in Port Harcourt, Rivers State. Presenting a cheque...
Nigeria’s headline inflation continued its downward trajectory in October, easing to 16.05%, according to the latest Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). The Bureau noted that the figure represents a notable drop from the 18.02% recorded in September. On a...
Dangote Cement Plc has emerged as Nigeria’s top tax-compliant organisation for 2025, following a rigorous assessment conducted by the Federal Inland Revenue Service (FIRS). The company’s Group Head of Tax and Compliance, Mojisola Ogunlade, confirmed the development in a statement issued on Monday in Lagos. She said the award...
Stock market opened the week lower on Monday, as market capitalisation fell by N1.173 trillion or 1.26 per cent. The decline was driven by profit-taking in major stocks, including Dangote Cement, Enamelware, Transcorp Power, AIICO Insurance and Guinea Insurance. Market capitalisation closed at N92.328 trillion, compared with the opening...
The House of Representatives Committee on Nutrition and Food Security has invited the Central Bank of Nigeria (CBN), Nigeria Incentive-Based Risk Sharing System for Agriculturaal Lending (NIRSAL) PLC, NIRSAL Micro Finance Bank, the Bank of Agriculture (BOA), and others to the third leg of its investigative hearing into the...
Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) , has announced the achievement of first oil from the Ibom Field (PPL 236), marking another milestone in Nigeria’s upstream oil and gas industry. In a statement issued in Abuja on Sunday, the management of the company disclosed that following...
Shell Companies in Nigeria (SCiN), were rewarded for their robust participation at the 43rd International Conference and Exhibition of the Nigeria Association of Petroleum Explorationists (NAPE) with corporate and individual awards at a dinner Thursday night which rounded off the four-day event in Lagos. SCiN was recognised for its Titanium...
The Mayor of Housing, My-ACE China, during the week preached self-reliance and seemed to have lit the fire of entrepreneurship in Akwa Ibom State where he supported the Mbo Local Government Area to set up an entrepreneurship and craft centre. Already, the centre has flagged off training of first...
Renaissance Africa Energy Company Limited has called for an urgent overhaul of operational efficiency and accelerated upskilling of Nigeria’s youthful energy workforce to unlock the country’s competitive advantage in the global energy market. Speaking at the 43rd annual international conference of the Nigerian Association of Petroleum Explorationists (NAPE) in...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially opened its 2025 oil licensing round, set to begin on December 1, 2025. The announcement was made by NUPRC Chief Executive, Mr. Gbenga Komolafe, during the Project One Million Barrels Per Day (1MMBOPD) Additional Production Investment Forum held in London on...
LAGOS, [November 11, 2025] In a major push for environmental sustainability, the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Nigeria LNG Limited (NLNG) are set to collaborate with ITREALMS Media on the 2025 ITREALMS E-Waste Dialogue. This crucial partnership addresses Nigeria’s escalating electronic waste (e-waste) challenge, which...
Shell is highlighting its contributions to the Nigerian economy in an exhibition at the 2025 International Conference and Exhibition of the Nigeria Association of Petroleum Explorationists (NAPE) which began in Lagos yesterday. The 43rd NAPE conference comes as the professional body turns 50 this year, having been founded in...
The Nigerian Communications Commission (NCC), is set to host the inaugural edition of the Digital Awareness and Sensitization Fora as a platform to strengthen policy and innovation for a digital future. Head, Public Affairs of the Commission, Nnenna Ukoha, made this known in a statement issued in Abuja on...
The Mayor of Housing, My-ACE China, has warned that building a world class estate without caring about host community buy-in could be waste of time. Mr China said his company, the Housing & Construction Mayor Limited, is the first to hand 10 equity stake in corporate social capital. This...
The Senate on Tuesday confirmed the appointment of Idris Ibikunle Olorunnimbe (representing South West) as Chairman of the Board of the Nigerian Communications Commission (NCC). This followed a successful screening carried out by the Senate Committee on Communications, according to a statement by the Head, Public Affairs of the...
The Federal Government has appointed Dr. John Nwabueze as the Tax Ombudsman, in accordance with the provisions of the Joint Revenue Board of Nigeria (Establishment) Act, 2025. This appointment aligns with President Bola Ahmed Tinubu’s commitment to implementing far-reaching and sustainable reforms in the tax and revenue administration framework....
Nigeria’s journey toward industrial self-sufficiency and sustainable economic growth has reached a defining moment as the Raw Materials Research and Development Council (RMRDC) 30% Value Addition Bill successfully passed its third reading in the House of Representatives, moving it closer to presidential assent by President Bola Ahmed Tinubu. The...
Following its recently released half-year financials, Africa’s Global Bank – United Bank for Africa (UBA) Plc, has announced its audited results for the third quarter ended September 30, 2025, where it recorded strong and impressive growth across all its key indicators. As in the first two quarters of the...
By RAY UMUKORO – Nigeria’s maverick entrepreneur and Group Chief Executive Officer of Konga, Africa’s fastest growing e-commerce powerhouse, Prince Nnamdi Ekeh, last weekend made history for himself and the nation as he was honoured with two global awards of distinction by Forbes and Euro Knowledge. The Oxford-trained Prince...