Saturday, July 25, 2026
Rising costs threaten Nigeria’s telecom industry despite $70bn investment
Joy Agwunobi Nigeria's telecom industry is currently threatened by mounting sustainability challenges that jeopardise its future. According to industry players,...
Read moreDetailsCBN counters Barbican Capital’s claims in response to suit over shares in FBN Holdings
Business a.m. Reporter The suit brought by Oba Otudeko controlled Barbican Capital over the amount of shares it holds in...
Read moreDetailsNCS warns of N188bn losses over FG’s food import waiver
Business a.m. The Nigeria Customs Service (NCS) has warned that the federal government’s recent directive to suspend the six-month tariff...
Read moreDetailsSeychelles, 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...
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