Business

Ecobank Transnational Incorporated (ETI) on Tuesday announced the successful tap of its $400 million 10.125% Notes due 15 October 2029 for an additional $125 million.  The Notes will be consolidated and will form a single series with the U.S.$400 million 10.125% Notes issued on 15 October 2024.  The offering was issued at a premium with a new issue price of…

Dangote Petroleum Refinery & Petrochemicals had reaffirmed that, despite the fluctuations in global crude oil prices, it has consistently reduced the price of Premium Motor Spirit (PMS), commonly known as petrol. The company, in a release, signed its Group Chief Branding and Communications Officer, Anthony Chiejina said the decision to maintain price stability reflects its unwavering commitment to supporting the…

BudgIT, has uncovered 11,122 projects valued at N6.93 trillion inserted by the National Assembly into the 2025 Federal Government Budget.  What began as isolated irregularities has, over the years, evolved into a deeply entrenched culture of exploitation and abuse, with the budget process now a playground for self-serving political interests, led by top-ranking members of the National Assembly. Our analysis…

By Adeola Ogunrinde The federal and Lagos State governments on Monday called for investment in the production and consumption of Made-in-Nigeria products to boost Small and Medium Enterprises (SMEs). This call was made during the 16th meeting of the National Council on Industry, Trade and Investment (NCITI), hosted by the Lagos State government and organised by the Federal Ministry of…

The National Agency for Science and Engineering Infrastructure (NASENI) and the Presidential Implementation Committee on Technology Transfer (PICTT) on Monday expressed determination to double female engineering in the country amid launching Developing Engineering Leaders Through Her (DELT_Her 2.0) The stated that the Federal Government is committed to promoting female engineering by supporting women-led innovation. Speaking at the Agency’s headquarters on…

The domestic equities market began the week on a bearish trend as investors’ investment down by 0.01 per cent on profit-taking in MTN Nigeria Communications Plc and 22 others.   The Nigerian Exchange Limited All Share Index (NGX ASI) lost by 12.54 basis  points, or 0.01 per cent to close at 109,697.83 basis points. Also, market capitalisation lost N8 billion to…

As global financial fraud surges to over $485 billion in annual losses, Access Holdings Plc  is setting a new standard in Africa’s banking industry through aggressive and strategic investment in technology aimed at combating the growing threat, National Association of Online Security News Publishers, NAOSNP can report. With Nigeria’s financial sector experiencing a spike in digital fraud, particularly through mobile…

The Presidential Enabling Business Environment Council (PEBEC) has awarded an “Excellent” rating to the Oil & Gas Free Zones Authority (OGFZA). The excellent performance rating forms part of the outcome of a PEBEC Mystery Service Quality Assessment of 71 MDAs, an exercise structured into four distinct segments designed to evaluate different aspects of service quality. The four segments include: telephone…

BudgIT, has raised significant concerns over the Federal Government’s 2025 Budget, describing its formulation as legally questionable and lacking adequate disclosure, particularly regarding its revenue framework. Recall that the Presidency initially submitted a proposed expenditure of N47.9 trillion, which President Bola Ahmed Tinubu later revised to N54.2 trillion through a presidential letter citing increased revenue expectations.  The National Assembly further…

As the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) convenes for its second meeting of the year on May 19 and 20, policymakers face a complex and delicate balancing act.  The global economic landscape is increasingly clouded by heightened trade protectionism—most notably from the United States—while Nigeria contends with currency volatility and fragile capital inflows. Amid these crosscurrents,…