Business News
Shoprite exits Nigeria retail market after 16 years
16 years after it opened its first outlet in Nigeria, Shoprite — Africa’s largest food retailer, has sold...
Nigeria, 6 others account for 65% global gas flaring — World Bank
The latest report of the World Bank’s Global Gas Flaring Reduction Partnership (GGFR) has reported that Nigeria, Russia,...
CBN sacks all First Bank directors including Ibukun Awosika and Oba Otudeko, reinstates Adeduntan as MD/CEO
The Central Bank of Nigeria (CBN) has removed all the directors of First Bank of Nigeria Plc and...
Amazon to open African headquarters in South Africa
Amazon, an American multinational technology which focuses on e-commerce, cloud computing, digital streaming and artificial intelligence, has announced that...
NNPC says there will be no increase in ex-depot price of petrol in May
The Nigerian National Petroleum Corporation (NNPC) has said there will be no increase in the ex-depot price (price...
CBN restricts importation of sugar, wheat as food inflation explodes
The restriction is part of the government’s efforts to reduce reliance on importation. The Nigerian apex bank has...