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Pay GenCos to avoid power sector collapse, Elumelu tells FG

Nigeria, April 10 -- Transcorp Group chairman Tony Elumelu has warned that the country's electricity supply system will collapse if the federal government fails to urgently pay debts owed to power gen... Read More


Nigeria posts $6.83 billion payments surplus in 2024, first in three years - CBN

Nigeria, April 9 -- The Central Bank of Nigeria has said Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, ending three years of deficits. The bank disclosed this Tuesday in a ... Read More


US laments Nigeria's import ban on key products

Nigeria, April 9 -- The United States has criticised Nigeria's longstanding import ban on 25 product categories, warning that the policy undermines American exporters and blocks access to one of Afric... Read More


Tinubu mourns Pascal Dozie

Nigeria, April 8 -- President Bola Tinubu has paid tribute to Pascal Dozie, the late founder of Diamond Bank and pioneer chairman of MTN Nigeria, describing him as "a rare breed business leader" who h... Read More


Pascal Dozie, Diamond Bank founder, dies at 85

Nigeria, April 8 -- Pascal Dozie, a Nigerian entrepreneur who played a defining role in the development of Nigeria's modern banking and telecommunications industries, has died. He was 85. Mr Dozie p... Read More


US tariff not too bad for Nigeria - Minister

Nigeria, April 8 -- Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country will not be severely affected by the United States' decision to impose a tar... Read More


WTO warns of 1% global trade contraction amid US tariff measures

Nigeria, April 4 -- The World Trade Organisation (WTO) has raised concerns over the potential impact of recent tariff measures announced by the United States, forecasting a 1 per cent contraction in g... Read More


Nigeria's net FX reserves surge to $23.1 billion, highest in 3 years - CBN

Nigeria, April 2 -- Nigeria's Net Foreign Exchange Reserve (NFER) has surged to $23.11 billion, its highest level in over three years, according to a statement released by the Central Bank of Nigeria ... Read More


Heritage Bank depositors to receive first tranche of liquidation dividends in April

Nigeria, March 30 -- Depositors at the defunct Heritage Bank with balances exceeding the N5 million insurance cap are set to begin receiving partial refunds in April, according to the Nigeria Deposit ... Read More


Dangote, Otedola among Forbes 2024 Africa's richest people

Nigeria, March 30 -- Nigerian industrialist Aliko Dangote has retained his position as Africa's richest individual for the 14th consecutive year, with his estimated fortune surging to $23.9 billion, a... Read More