Business

Ayodele Olalere Egbin Kingdom is one of the ancient towns in Lagos State. Situated in Ijede Local Council Development Area of Ikorodu, Egbin is the home of Nigeria's and West Africa biggest power plant, the Egbin Power Plant. The…

Chief Executive Officer of Opay, Mr. Olu Akanmu has resigned from office. Mr. Akanmu, a financial industrial veteran announced his resignation, on Monday morning, via his official Twitter handle calling for a need to do more to get more…

.Sets aside N125bn for SMEs Emeka Okoroanyanwu President Bola Ahmed Tinubu, on Monday evening, unfurled wide ranging measures aimed at kicking the country's economy out of the woods. In his first broadcast to the nation since his…

Price of petrol may to rise further as international market data gathered by the Newsmen revealed that the commodity has gained 20 per cent. At the beginning of 2023, Brent crude traded around $78 per barrel. However, last week, the…

President Bola Tinubu has appointed a Special Investigator to probe the Central Bank of Nigeria (CBN) and Related Entities. In a letter sighted by reporters, President Tinubu named Jim Osayande Obazee, the Chief Executive Officer,…

The Transnational Corporation Plc (Transcorp Group) has announced its financial results for the first half of the year ending June 30, 2023, recording commendable growth across all its major indices. The Transcorp Group, Nigeria’s leading…

Nasir El-Rufai, former governor of Kaduna State will head up the new Ministry of Energy that President Bola Tinubu has proposed, BusinessDay has gathered. The creation of a new ministry for energy and power to manage the country’s vast…

Emeka Okoroanyanwu The Nigeria Customs Service has overhauled it's management with the appointment on Friday of three Deputy Controllers General and three Assistant Controllers General. The appointments were approved by…

The Central Bank of Nigeria (CBN) has said that plans to gradually phase out the old N200, N500, and N1,000 notes were ongoing, as new notes were still being issued. Acting governor of the apex bank, Mr. Folashodun Shonubi spoke, on…

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas), dropped by 6.71 per cent on a month-on-month, MoM basis to N4, 068.26 in June 2023, from N4, 360.69 in May 2023, Vanguard reports. Vanguard…