Flour Mills of Nigeria Plc has notified the Nigerian Exchange and the investing public of the recent Court Ordered meeting that would eventually lead to the termination of trading in the shares of the Company on the Nigerian Exchange. The special resolution passed at the Court Ordered meeting can be[Read More…]
Business
Report: Dangote seeks billions of dollars to boost crude supply to refinery
Aliko Dangote, Africa’s richest man, is seeking to raise billions of dollars to step up crude oil supplies for his $20 billion oil refinery in Lagos, Financial Times (FT) is reporting. According to the report on Sunday, the Dangote Group founder is in talks with commercial lenders, development banks, oil[Read More…]
Empowering Nigeria’s Youth: Nestlé’s Commitment to Financial Freedom Through Training and Sports Sponsorship
By Godwin Anyebe Small and Medium Enterprises (SMEs) contribute significantly to Nigeria’s economy, comprising around 50% of GDP and providing over 80% of employment. Yet, despite their importance, SMEs often face challenges accessing finance, which hinders growth and development. This difficulty underscores the need for strategic support, not only from[Read More…]
Dangote Refinery and Deregulation: Unpacking the confusion
By Andrew Agenmonmen In recent times, the press has been inundated with claims and counter claims about PMS sales and pricing between the Dangote Refinery, Regulator, NNPCL, and the marketing companies. These interactions are becoming rather an embarrassment to our nation state. This is an attempt to unpack some of[Read More…]
Global Oil Prices Edge Up: Causes, Impacts, and the Path Ahead
Global oil prices are once again on the rise, bringing renewed attention to the energy markets as countries and businesses grapple with the wide-reaching effects of this shift. After a period of relative stability, oil prices have been climbing steadily, largely driven by a mix of geopolitical tensions, supply constraints,[Read More…]
Fuel Price Surge: Businesses on the Brink Amid Rising Costs
As Nigeria grapples with an unprecedented fuel price hike, businesses across the country are facing increasing pressure to stay afloat. The rising cost of fuel, exacerbated by global energy crises and domestic challenges, is not only squeezing household budgets but also threatening the survival of small, medium, and large enterprises[Read More…]
Strengthening Nigeria’s Banking Sector: The 2024 Recapitalization Mandate
In March 2024, the Central Bank of Nigeria (CBN) issued a circular announcing a new recapitalization policy for commercial, merchant, and non-interest banks in Nigeria. This policy, effective from April 1, 2026, mandates that banks increase their minimum capital requirements to enhance their financial stability and resilience. The directive requires[Read More…]
From Bricks to Click: The Future of Banking in Nigeria
The Nigerian banking sector is undergoing a significant transformation, moving from traditional brick-and-mortar branches to digital platforms. This shift is driven by a combination of regulatory reforms, technological advancements, and changing customer preferences. The future of banking in Nigeria is increasingly digital, with banks leveraging technology to enhance efficiency, reduce[Read More…]
Navigating the Digital Age: ICT’s Role in Nigeria’s Development
In the last two decades, the global landscape has been reshaped by the rapid advancement of information and communication technology (ICT), and Nigeria is no exception. From the way we work and communicate to how we access services and education, ICT has become a cornerstone of modern life. In Nigeria,[Read More…]
Recapitalization Drive: Reshaping Nigeria’s Financial Landscape and Business Outlook
By Godwin Anyebe The Nigerian financial sector is undergoing a significant transformation with the recent push for recapitalization across various industries. This move, primarily targeted at banks, insurance companies, and other financial institutions, is expected to strengthen balance sheets, improve liquidity, and enhance the ability of these institutions to withstand[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]