The Lagos
The company alleged that shares pledged as collateral for a N500 million loan were sold without its knowledge. The post EFCC recovers, hands over N140 million to loan, investment company appeared first on Premium Times Nigeria ....
By Johnbosco Agbakwuru ABUJA— President Bola Tinubu has urged the Bolloré Group to deepen its investments in Nigeria’s film, entertainment, telecommunications and digital sectors, saying the country’s growing global cultural influence must translate into jobs and lasting economic...
The National Publicity Secretary of the All Progressives Congress (APC), Felix Morka, has criticised African Democratic Congress (ADC) presidential candidate Atiku Abubakar over his call on President Bola Tinubu to reduce petrol prices and ease the economic burden on Nigerians. A...
The Socio-Economic Rights and Accountability Project (SERAP) has urged four United Nations Special Rapporteurs to urgently intervene over the reported deaths of 37 persons in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State and the reported use o...
NACCIMA President, Jani Ibrahim, commended the governor for his administration’s efforts in tackling insecurity and creating an enabling environment for businesses to thrive. The post NACCIMA hails Mbah on security, seeks partnership to drive $30bn economy appeared first on Premi...
Nigeria’s appetite for mobile internet is expanding rapidly, but beneath the rising volume of videos streamed, payments processed, businesses conducted, and services accessed online is a less visible requirement: more infrastructure. The post Nigeria’s Data Boom comes with a grow...
For a decade, the story of Nigerian travel was mostly a story of leaving. Nigerians going abroad for holidays, for shopping, for medical trips, for weddings. Nigerians in the diaspora coming home briefly for Christmas. The idea of a Nigerian family choosing a weekend in Calabar o...
Nigeria is planning to assemble some of the ground equipment needed for its next two communications satellites, as it seeks to build more local capacity around its space programme. Nigerian Communications Satellite Limited (NIGCOMSAT) has selected US satellite communications comp...
The Social Democratic Party has promised to liberate and rebuild Nigeria from its current socio-economic and insecurity challenges if elected in 2027. Read More: https://punchng.com/2027-sdp-pledges-to-rebuild-transform-nigeria-if-elected/...
Nigeria’s tilting dependence on domestic borrowing is creating an increasing contest for bank credit, raising anxieties that government’s capacity to offer attractive yields on its securities could inhibit the flow of affordable credit to businesses and households even as banks s...
The Federal Government and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) to formalise coordination between fiscal and monetary authorities, with a focus on improving macroeconomic management and policy consistency. The post FG, CBN sign MoU to ...
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have signed a Memorandum of Understanding (MOU) on Monetary-Fiscal Policy Coordination to strengthen their partnership in the pursuit of stronger macroeconomic management, lasti...
The Nigerian Government has won a legal battle against Sunrise Power and Transmission Company Limited at the International Chamber of Commerce, ICC, over disputes linked to the Mambilla Hydroelectric Power Project in Taraba State. The ICC arbitration tribunal, sitting in Paris, F...
The Gabonese Government has signed an agreement with Nigerian energy infrastructure company Oilserv to develop and commercialise hydrocarbon reserves in two blocks in the country. The post Gabon signs agreement with Nigeria’s Oilserv to develop two hydrocarbon blocks appeared fir...
By Tunde Oso Nigerian Bottling Company (NBC) Ltd, a member of the Coca-Cola HBC Group, has marked its 75th anniversary in Nigeria with a gala event held at the Conference Centre, Abuja. Reflecting on the company’s origin, Anastassis G. David, Chairman of Coca-Cola HBC, said: “In ...
•Says Fed rate hike litmus test for Nigeria’s $54.61bn reserves, FX market Chairman of the Alliance for Economic Research and Ethics, AERE, Mr. Dele Oye, has said Nigeria’s economy remains under severe strain despite attracting $10.37 billion in capital inflows, warning that the ...
An International Arbitration Tribunal under the auspices of the International Chamber of Commerce (ICC) in Paris has ruled in favour of Nigeria, rejecting claims by Sunrise Power and Transmission Company Ltd (Sunrise) with a combined value of about $3.38 billion in disputes linke...
The sudden closure of business operations in Nigeria by one of the leading ride-hailing companies, Uber, has continued to generate debate about how unfriendly the country’s business environment has become, particularly to foreign businesses. Recall that Uber recently closed shop ...
The International Chamber of Commerce tribunal in Paris has ruled in favour of Nigeria in the arbitration brought by Sunrise Power and Transmission Company Limited over the Mambilla Hydroelectric Power Project in Taraba State. President Bola Tinubu, in a statement issued on Thurs...
Nigeria has won an arbitration dispute against Sunrise Power over the Mambilla hydropower project, with an International Chamber of Commerce (ICC) tribunal in Paris dismissing the company’s $2.35 billion claim against the country. The tribunal on Thursday also ordered Sunrise Pow...
Alawuba said resilience must be deliberately designed into Nigeria’s policies, institutions, infrastructure, supply chains, energy systems, financial architecture and human capital. The post Alawuba: Improvement in economic indicators point to Nigeria’s growth path appeared first...
By Luminous Jannamike ABUJA — The Allied Peoples Movement, APM, said Minister of Budget and Economic Planning Senator Abubakar Bagudu’s admission that the Tinubu administration failed to anticipate the scale of economic turbulence confronting Nigeria vindicated its earlier warnin...
Energy expert and scholar, Dr Joseph Obele, has called on the Federal Government and the management of the Nigerian National Petroleum Company Limited (NNPCL) to urgently restart Nigeria’s government-owned refineries as a direct response to the rising cost of petroleum products. ...
Ask a Nigerian business where its next customer will come from and the answer may no longer be tied to geography. It could be someone who discovered the business on Instagram, a customer in another state or a buyer paying from abroad. For businesses, digital commerce has expanded...
The value of Tony O. Elumelu’s stake in Seplat Energy Plc has increased by approximately N311.5 billion in just over two weeks, following a sharp rise in the energy company’s share price on the Nigerian Exchange Limited (NGX). The post Tony Elumelu’s stake in Seplat added N311.5 ...
By Luminous Jannamike ABUJA — The Northern States Christian Elders Forum, NOSCEF, has urged President Bola Ahmed Tinubu to reverse the latest increase in the pump price of Premium Motor Spirit, PMS, warning that Nigerians’ patience with worsening economic hardship should not be m...
“It demonstrates the capacity of the Nigerian capital market to support businesses of substantial scale,”he said. The post What Dangote IPO signals – NGX Chairman appeared first on Premium Times Nigeria ....
Nigeria’s January 1, 2027 deadline for payment data localisation is forcing financial institutions to rethink how they store, secure and manage critical customer and transaction data. The challenge goes beyond moving databases onto Nigerian servers. Banks and fintechs must streng...
The offer is expected to run from Monday, 14 September to Tuesday,13 October 2026, giving eligible investors an opportunity to acquire shares in the company. The post Dangote Petroleum Refinery IPO opens for subscription appeared first on Premium Times Nigeria ....
Former Sunshine Stars coach, Henry Makinwa, says economic hardship, corruption and poor management are responsible for the early exit of Nigerian clubs from Africa’s club competitions. Rivers United and Shooting Stars have been eliminated from the CAF Champions League and the CAF...
The Nigerian Ports Economic Regulatory Agency, NPERA, has warned that corporations found guilty of violating port regulations could face a fine of up to N20 million. The agency said the move was part of efforts to enforce stronger compliance and boost efficiency in support of Nig...
Learn why filing CAC annual returns is a separate obligation from paying taxes for your business and how to avoid penalties for non-compliance in Nigeria. Read More: https://punchng.com/explainer-what-every-business-should-know-about-cac-annual-returns/...
The Pension Transitional Arrangement Directorate (PTAD) has disbursed N18.96 billion to settle outstanding Back-End Computation (BEC) arrears owed to 3,958 eligible pensioners of the former Power Holding Company of Nigeria (PHCN) under the Defined Benefit Pension Scheme (DBS). Th...
By Victor Ahiuma-Young The Federal Government, through the Pension Transitional Arrangement Directorate, PTAD, has completed the payment of N18.96 billion in outstanding pension arrears to 3,958 former employees of the Power Holding Company of Nigeria, PHCN, under the Defined Ben...
The Northern States Christian Elders Forum (NOSCEF) has called on President Bola Tinubu to urgently reverse the latest increase in the pump price of Premium Motor Spirit (PMS), saying the development will further worsen the economic hardship confronting Nigerians. In a press stat...
Nigeria’s economic growth remains uneven, with only eight sectors recording expansion above 5% in the second quarter of 2026. The post Only 8 Nigerian sectors grow above 5% as economic expansion remains uneven — NESG appeared first on Nairametrics ....
In partnership with Lire en Français اقرأ هذا باللغة العربية Wazzup. In 2016, three 20-something-year-olds asked Nigerians to trust an online platform with their savings. A decade later, their company has paid out more than ₦3 trillion ($2.3 billion) to its users. Ten years is a ...
The Nigerian Ports Economic Regulatory Agency (NPERA) has set a N20m maximum penalty for corporations committing infractions at Nigerian ports. Read More: https://punchng.com/npera-sets-n20m-corporate-penalty-for-port-infractions/...
Stakeholders at the 5th FirstBank Agric Expo called for a shift to structured, patient capital to boost Nigeria’s agribusiness and non-oil export growth. Read More: https://punchng.com/firstbank-policymakers-push-for-strategic-agro-capital-deployment/...
The Primate of the Church of Nigeria, Archbishop Henry Ndukuba, has raised concerns over Nigeria’s rising debt, insecurity, and corruption. Read More: https://punchng.com/nigerias-mounting-debt-insecurity-worsen-hardship-anglican-primate/...
The NBA president said the removal of Nigeria from the FATF great list had “increased financial inflows and made it easier for lawyers and their clients to conduct business.” The post NBA president commends EFCC over Nigeria’s removal from FATF grey list appeared first on Premium...
The Nigeria Labour Congress (NLC) has called on the Federal Government to introduce immediate wage awards for workers as rising petrol prices continue to increase transportation costs and worsen economic hardship. The post NLC demands immediate wage awards as petrol prices rise a...
By Johnbosco Agbakwuru ABUJA — The Nigeria Labour Congress (NLC) has called on the Federal Government to approve wage awards for workers to cushion the impact of rising petrol prices, which it said had worsened the economic hardship facing Nigerians. The NLC also urged the govern...
The Federal High Court in Abuja has ordered Head of Directors of the National Insurance Corporation of Nigeria, NICON, to give account of their roles in the liquidated company in the past seven years to the liquidator as part of the bid to preserve the company’s assets. The prese...
The Nigerian Navy has welcomed the conviction of nine persons by the Federal High Court in Uyo, Akwa Ibom State, for crude oil theft, describing the judgment as a significant development in the fight against economic sabotage. The nine convicts were sentenced on September 14, 202...
The World Bank Group President, Ajay Banga, has announced that Nobel laureate Michael Kremer has been appointed as the bank’s Chief Economist and Senior Vice President for Development Economics. The post World Bank appoints Nobel laureate Michael Kremer as Chief Economist appeare...
The company also disclosed the retirement of the bank’s directors following the expiration of their respective tenures. The post Sterling Holdings appoints Jaiyeola, Ikwudinma as Sterling Bank’s directors appeared first on Premium Times Nigeria ....
Table of contents Xiaomi 18 Fold release date and availability Xiaomi 18 Fold price Detailed specs How the Xiaomi 18 Fold compares What this means for Nigerian buyers On September 7, 2026, Xiaomi announced the Xiaomi 18 Fold in China, its company’s first foldable with a wide, sho...
By Ikechukwu Nnochiri ABUJA — In a bid to preserve the assets of NICON Insurance Limited, which is undergoing liquidation, the Federal High Court in Abuja has directed the service of its order on 13 former directors of the company to enable them to give an account of their roles ...
Sterling Financial Holdings Company Plc has announced the appointment of Laoye Jaiyeola and Chinedu Ikwudinma as Independent Non-Executive Directors of Sterling Bank Limited. The post Sterling Bank appoints Laoye Jaiyeola, Chinedu Ikwudinma as independent directors appeared first...
Lere Olayinka, the Senior Special Assistant on Public Communication and Social Media to the Minister of the Federal Capital Territory, FCT, Nyesom Wike, has blasted Igbo traders protesting against Chinese nationals doing business at the Lagos Trade Fair Complex. Olayinka reacted ...
OneDosh , the global finance app focused on simplifying cross-border money movement, has expanded into the European Union, marking a new phase in the company’s growth beyond its original US-Nigeria corridor. The expansion comes as more Nigerians and Africans build careers, busine...
Ace-Afri Financials Limited has achieved a major milestone in the financial services sector after being awarded the title of Most Customer Focused Consumer Lender of the Year (2026) at the prestigious Nigeria Brand Award / Africa Brand Awards ceremony. The company received the DI...
FilmOne Entertainment, Nigeria’s leading film distribution and entertainment company, has been named one of six African buyers participating in TIFF: The Market, the inaugural edition of the Toronto International Film Festival’s new global film industry market. FilmOne is the onl...
SIMS Nigeria and Samsung are pleased to announce the launch of their 33rd Anniversary Promo, a special celebration marking 33 years of partnership and the longest-standing Samsung business relationship in Africa. The anniversary promo, which runs from September 16 to September 30...
