Category: Business

The Consumer Prices Index level matched April’s reading, the Office for National Statistics said, while an analyst’s consensus forecast had been for an increase to 3.0 per cent. An image of UK Flag Britain’s annual inflation rate was unchanged at 2.8 per cent in May as higher petrol prices caused by the US-Iran war were…

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The regulatory intervention represents one of the most significant interventions by the CBN in the payments industry in recent times, aiming at restructuring the country’s fast-growing digital payments ecosystem. CBN Office Abuja The Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their ultimate beneficial owners. The regulatory measures…

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Speaking on the sidelines of the inaugural African Air Transport Conference in Lomé, Festus Keyamo said lower travel costs would make air transportation more accessible to millions of Africans. By Bukola Oketunmbi Updated June 16, 2026 Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has called for the removal of barriers hindering air travel…

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The performance placed Nigeria among a select group of countries that have made substantial progress in enhancing vessel turnaround times, port efficiency, and cargo handling operations over the past five years. Nigerian Ports…photo by NPA The World Bank has named Nigeria’s Lagos Port in Apapa and Tin Can Island Port among the world’s top 20…

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According to him, the initiative was designed to address Nigeria’s long-standing power deficit, which he described as the country’s biggest industrial constraint for over 30 years. Updated June 16, 2026 President of Dangote Group, Aliko Dangote, has reaffirmed plans to develop a large-scale industrial and free trade zone at Olokola in Ondo State, describing it…

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Established in 2006, Galaxy Backbone was created by the Federal Government to provide a shared digital infrastructure platform for government institutions. With the continuous rise of artificial intelligence and other emerging technologies that are reshaping economies around the world, Nigeria must position itself as a leader in digital innovation rather than a consumer of technologies…

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Eyes are now on developments ahead of Friday’s signing ceremony in Switzerland, which will bring an end to more than three months of a war that has sent shockwaves through energy markets and sent global inflation soaring. Updated June 16, 2026 Equities mostly rose Tuesday, and oil prices held losses following the previous day’s euphoric…

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The widely expected decision followed rate rises by the European Central Bank and in Indonesia last week, after the conflict caused economic havoc and rising prices worldwide. Updated June 16, 2026 The Japanese flag flies over the Bank of Japan (BoJ) headquarters complex in central Tokyo on January 23, 2025. The Bank of Japan is…

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The development, the company noted, will strengthen the company’s board as it builds on its recent financial recovery and growth momentum. Oluwatoyin Saraki NCR Nigeria Plc has announced the appointment of Oluwatoyin Saraki as a Non-Executive Director, according to a statement signed by the Company Secretary, Bernice Anya. Saraki’s appointment, subject to ratification by shareholders…

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 3h  | OpeOluwani Akintayo Dangote Group Deepens AFC Partnership With Over $600m Fertiliser Production Expansion Deal The Dangote Fertlizer Holding Company will part-finance the expansion of its urea fertiliser production capacity in Nigeria and the development of the plant in Ethiopia.

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