Nigeria Business Now

Business News in Nigeria

Breaking News

2 days ago
Tinubu sacks, Mele Kyari as NNPCL chairman, appoints Bayo Ojulari
2 days ago
6 Nigerian banks post N3trn profit despite customers complaints, challenges
1 week ago
FG raises N1.09trn through Sukuk, targets N300bn new offer
1 week ago
FirstBank files appeal
1 week ago
Equity market rises by 0.04% as investors gain N26bn
  • News

    Tinubu sacks, Mele Kyari as NNPCL chairman, appoints Bayo Ojulari

    President Bola Tinubu has removed the chairman, Nigerian National Petroleum Company Limited board, Pius Akinyelure, and the Group Chief Executive Officer, Mele Kyari. Tinubu also appointed Bashir Ojulari as Kyari’s replacement with immediate effect. Bayo Onanuga, Tinubu’s Special Adviser on Information and Strategy, announced the development in a statement he[Read More…]

  • Business

    6 Nigerian banks post N3trn profit despite customers complaints, challenges

        Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in the 2023 financial year. This is despite diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the[Read More…]

  • News

    FG raises N1.09trn through Sukuk, targets N300bn new offer

      The Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the Debt Management Office (DMO), Patience Oniha, who gave the information on Wednesday in Lagos, during “an all parties meeting” for the issuance[Read More…]

  • Business

    FirstBank files appeal

    Injunction and stay of execution  Cargo remains under arrest  In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of[Read More…]

  • Business

    Equity market rises by 0.04% as investors gain N26bn

      The stock market continued on a positive trend, with investors gaining N26 billion and performance indices rising by 0.04 per cent on Tuesday.   Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.04 per cent to N66.214 trillion from an opening of N66.188 trillion recorded on Monday.[Read More…]

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