Business

Business activities on Tuesday resume nationwide following a long Eid-ul-Adha holiday declared by the federal government. The Federal Government had declared Friday, June 6, and Monday, June 9, 2025, as public holidays to mark this year’s Eid-ul-Adha celebration. This was announced by the Minister of Interior, Olubunmi Tunji-Ojo, in a statement issued on behalf of the Federal Government. It was…

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, MD/CEO, National Inland Waterways Authority (NIWA), Mr. Bola Oyebamiji, among other delegates attended the Third United Nations Ocean Conference (UNOC3) 2025, held in Nice, France. The 2025 theme is ‘Accelerating Action and Mobilizing all Actors to Conserve and Sustainably use the Ocean.’  NIWA in a tweet said the conference aimed…

Amid excess liquidity in the financial system, banks borrowing funds from the Central Bank of Nigeria (CBN) dropped by 63 per cent year-on-year (YoY) to N4.49 trillion in April 2025 when compared to N12.17trillion reported in April 2024. Banks access lending from the CBN using the Standing Lending Facility (SLF) window. The CBN provides the SLF, a short-term lending window…

President of the Dangote Group, Aliko Dangote, recently informed President Bola Tinubu that his group of companies paid a whopping N450 billion in taxes to the Federal Government’s coffers in 2024, thereby making it the highest tax-paying company in Nigeria. With this significant tax payment, Dangote companies are contributing more in taxes than all the country’s banks combined. Dangote also…

The Securities and Exchange Commission (SEC) has issued a warning to Nigerians about investing in the cryptocurrency known as Punisher Coin, or $PUN. This the Commission said is due to its unauthorized presale and lack of regulatory approval.  In a public notice, the SEC stated that the promoters or issuers of $PUN are not registered to operate in any capacity…

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has pledged to intensify its operation on smuggling and economic sabotage, following a series of seizures valued at over N1.28 billion and arresting seven suspects within two weeks. The Comptroller of the Unit, Mohammed Shuaibu, made this declaration during a press briefing held at the unit’s headquarters recently.  He…

Chairman of the Dangote Group, Aliko Dangote, has announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named Bola Ahmed Tinubu Road, in honour of President Bola Ahmed Tinubu. Dangote hailed Tinubu for his unwavering support of the private sector and credited him as the visionary behind the Free Trade Zone during his tenure…

BUA Group Chairman, Abdul Samad Rabiu, has revealed that the company is constructing over 500 kilometres of federal roads across Nigeria, with all projects scheduled for completion by 2027. The initiative is being executed under the Federal Government’s Road Infrastructure Tax Credit Scheme and through Public-Private Partnership (PPP) arrangements. Rabiu disclosed this during the official flag-off of the Kano-Kongollam dual…

By Kunle Sanni President Bola Tinubu on Thursday visited the Dangote Refinery in Ibeju-Lekki, Lagos, where he also commissioned several key road projects, including those leading to the Lekki Deep Sea Port, the Lekki Free Trade Zone, and other strategic routes across the country. The president was accompanied by top government officials and industry leaders during the tour, including billionaire…

…as ram prices soar By Deborah Oladejo, Osogbo Ahead of the Eid-el-Kabir celebration, traders at major markets in Osogbo, the Osun State capital, have expressed concerns over poor sales, attributing the low patronage to the lack of money in circulation despite the relative stability in food prices. A visit to Alekuwodo Market in Osogbo revealed that while the prices of…