Business

A conflict has erupted between the Anambra State Government and Innoson Vehicle Manufacturing (IVM) following the partial demolition of the company’s head office in Nnewi. The Anambra State Commissioner for Works, Mr. Ifeanyi Okoma, confirmed that the demolition was part of a broader road expansion project targeting structures along the Nnewi-Owerri Road. According to him, the affected buildings—including churches and…

The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s broad money supply (M3) surged to an all-time high of N114.2 trillion in March 2025. M3, which serves as the most comprehensive measure of money in circulation within an economy, includes not only the cash used in everyday transactions but also large-scale deposits and financial assets that influence lending, investment,…

The Group CEO, Nigerian National Petroleum Company Limited (NNPC Ltd.)., Mr. Bashir Bayo Ojulari on Thursday said the company is fostering stronger trade collaboration and strategic partnerships between NIgeria and the United States. He stated this when he received the United States Ambassador to Nigeria, His Excellency Richard M. Mills Jr., at the NNPC Towers.

The Minister of Solid Minerals, Dele Alake, on Thursday, revealed that two Lithium factories with locations in Abuja and Nasarawa  are to commence operations in the second quarter (Q2) of 2025. Alake stated this at the BusinessDay Solid Minerals Conference, with the theme: “Building a Resilient Mining Sector in Nigeria; Leveraging Diplomacy, International Partnership and Regulatory Coherence”. Speaking on successes…

Newly appointed Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, has unveiled an ambitious roadmap aimed at transforming the state-owned energy giant into a globally competitive, transparent, and high-performing enterprise. Ojulari addressed thousands of staff members during a townhall meeting at the NNPC Towers in Abuja on Thursday, just days…

The director-general (DG) of the Security and Exchange Commission (SEC), Emomotimi Agama has expressed that the commission is not unaware of CBEX’s illegal operations, stressing that digital trading platform is not registered with the agency. The CBEX had reportedly promised investors a 100 per cent returns, before it suddenly crashed — leading to the looting of its Ibadan office on…

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Ojulari, has reaffirmed his commitment to forging strong and effective partnerships with key stakeholders to successfully deliver on the strategic mandate entrusted to him by President Bola Tinubu. The Chief Corporate Communications Officer, NNPCL, Olufemi Soneye in a statement stated that the NNPCL boss made…

PricewaterhouseCoopers (PwC) has announced the exit of its member firms in nine Sub-Saharan Francophone countries from its global network. The company said the affected countries include Côte d’Ivoire, Gabon, Cameroon, the Democratic Republic of Congo (DRC), Republic of Congo, Madagascar, Republic of Guinea, Senegal, and Equatorial Guinea. In a statement on its website, PwC said the separation follows a strategic…

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, has reaffirmed his commitment to building strong partnerships with key stakeholders to deliver on the strategic mandate entrusted to him by President Bola Ahmed Tinubu. Ojulari made this known during a courtesy visit to the Minister of Petroleum Resources (Oil), Senator…

The local equities market on Wednesday reversed its prior day gains, as the overall capitalisation fell by N445 billion on investors profit-taking. The Nigerian Exchange Limited All Share Index (NGX ASI) lost by 708.14 basis points or 0.68 per cent to close at 103,851.88 basis points. Also, market capitalisation shed N445 billion to close at N65.259 trillion. Dividend markdowns in…