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Latest Business News

Customers Win Cars, Others at FirstBank’s Big Splash Promo Draw

The first quarterly draw of the on-going First Bank of Nigeria Limited

NNPC, Swiss companies, Vitol, Trafigura indicted in fresh $7 billion subsidy fraud

A non-governmental organization based in Switzerland, the Berne Declaration has indicted two

Diamond Bank suspends $550 million bond issue

Diamond Bank has suspended the launch of its seven-year $550 million bond

Etisalat to Buy Vivendi’s Maroc Stake for $5.7 Billion

Emirates Telecommunication (ETISALAT) the United Arab Emirates’ most valuable company, agreed to

Access Bank raises $100 mln in bilateral debt

Access Bank has raised $100 million in seven-year international bilateral debt priced

Sanusi hints identity of CBN’s next governor in Bloomberg interview

Central bank Governor Lamido Sanusi said having the right balance in leadership

IMF releases sub-Saharan Africa growth estimates

Sub-Saharan Africa's economic growth is expected to increase to 6 percent in

Retail Racism: Barneys CEO Mark Lee Offers Apology To Jay Z, Shawn Carter Foundation

The CEO of Barneys, New York has apologized over the recent scandal

Dangote Cement records N289 billion revenue after 9 months

Dangote Cement, the most profitable company in Sub Saharan Africa, has reported

Ecobank Chairman steps down amid loan investigations

Pan-African lender Ecobank announced the departure of chairman Kolapo Lawson on Wednesday

Etisalat Nigeria looks to sell towers in $400 million deal

Etisalat Nigeria, a unit of the Gulf's top telecom operator Etisalat, is

Access Bank grows deposit base to N1.22 trillion

Top-tier financial institution, Access Bank has released its 9 months financial statements

3Q Earnings: GTBank records N182 billion Gross Earnings, N69 billion Net Profit

GTBank has recorded a 15% increase in Net Income over the 9

FirstBank Launches Social Commerce Platform With 3AL

In its bid to continually improve banking services and ease customers’ experience,

Fidelity Bank appoints Nnamdi Okonkwo CEO designate

The Board of Directors of Fidelity Bank Plc, last Monday met to

FBN Life introduces ‘First Family Shield’

FBN Life Assurance Limited in partnership with First Bank of Nigeria Limited

Stock Exchange Plans To List 500 Companies in Next Five Years – Oteh

The Nigerian Stock Exchange will target 500 companies for initial public offerings over the

Mixed reactions trail proposed ban of ‘Tokunbo’ vehicles

The recentpronouncement by the Federal Government that it has approved a national

Reps committee OK’s higher tariffs for imported vehicles

The House of Representatives Committee on Industry has aligned with the Federal

GTBank to buy 70% of Kenya’s Fina Bank for $100million

Guaranty Trust Bank Plc, Nigeria's largest lender by market value, agreed to

Fuel Subsidy Mismanagement 401: 1 million tonnes surplus petrol stranded offshore Lagos

The trading arm of Nigeria's state oil company has suspended gasoline imports,

Wema Bank returns to profitability, books N563 million net income

Wema Bank said it had swung to a pretax profit of 563

Energy Entrepreneur: Meet Igho Sanomi, the 38-year-old billionaire

Igho Sanomi, a Nigerian oil trader, aged 38 made the Venutres Africa

Americans sell their hair, breast milk to make ends meet

Hair, breast milk and eggs are doubling as automated teller machines for

Total Nigeria Signs $7.5 Billion Loan Agreement With GTBank, Fidelity, StanChart, Others

Total Exploration & Production Nigeria Ltd. and Total Upstream Nigeria Ltd. agreed

Reps query FG’s $362 million payment to firm owned by ex-militant

The House of Reps Ad-Hoc Committee investigating the Cabotage Vessel Financing Fund (CVFF)

Lagos, Oando complete $200 million Power plant for Alausa

OANDO Gas and Power, in conjunction with the Lagos State government has

Shell offers 4 Delta Oil Blocks For Sale

Shell Nigeria is putting up for sale four onshore Niger Delta oil

FG in Talks With IFC for $5 billion National Gas Pipeline Funding

The Federal Government is in talks with the International Finance Corporation to

Nissan, Stallion Group sign Auto assembly factory deal

(Reuters) The Renault-Nissan Alliance and West African conglomerate Stallion Group have signed