Sunday, April 12, 2026
Seychelles, Mauritius steal show as Nigeria’s economic weight fails to raise investment appeal
ONOME AMUGE IN LAGOS, NIGERIA Nigeria’s economic prowess has been dealt a blow as the country missed out on a...
Read moreDetailsNigerian bank directors rally against ‘ill-timed’ 70% windfall tax
Business a.m. The Bank Directors Association of Nigeria (BDAN) has voiced strong opposition to the government’s proposed 70 percent windfall...
Read moreDetailsAfrica’s energy sector facing ‘financial apartheid’ from western institutions
Analysts say western banks, financial institutions hold back funding PHILLIP ISAKPA IN LONDON, UK Africa’s oil and gas sector,...
Read moreDetailsOba Otudeko controlled Barbican Capital locks legal horns with First Bank over shareholding
Federal High Court Lagos to address discripancies Business a.m. Reporter Barbacan Capital Limited, a firm controlled by Oba Otudeko, a...
Read moreDetailsDangote Refinery clears NNPC of involvement in alleged crude shortage
Business a.m. Dangote Refinery has refuted recent media reports claiming that the refinery received 60 percent of the 50 million...
Read moreDetailsAnalysts want bank investors to take comfort in windfall tax being one-off event
Say this should not dampen appetite for ongoing rights issue, public offering Tax on 2023 realised FX gain spread over...
Read moreDetailsNigeria records 5% boost in net foreign exchange inflows to $25.4bn in H1 2024
Business a.m. The Central Bank of Nigeria (CBN) has confirmed that the total net foreign exchange inflows into the country...
Read moreDetailsCBN’s Retail Dutch auction sells $876m to 26 banks, disqualifies 6
Business a.m. The Central Bank of Nigeria (CBN) has announced the successful conclusion of a Retail Dutch Auction System, where...
Read moreDetailsDangote to divest 12.75% refinery stake amid liquidity concerns, says Fitch
Business a.m. Global credit rating agency, Fitch Ratings, has disclosed that the Dangote Group intends to sell off a 12.75...
Read moreDetailsCBN approves Unity Bank, Providus Bank merger to boost financial system resilience
Business a.m. The Central Bank of Nigeria (CBN) has granted approval for the merger of Providus Bank and Unity Bank,...
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