Business

  The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to carry out an investigation into the Turn Around Maintenance of the four state-owned refineries. The Committee’s resolution is coming a few days after the House Committee on Petroleum Resources (Midstream) made a similar commitment to unravel why, ...

    The wife of former Governor Rotimi Amaechi of Rivers State, Judith Amaechi, has denied allegations that she received N4bn monthly from the Niger Delta Development Commission as alleged by the Minister of the Federal Capital Territory, Nyesom Wike.   Speaking through her media aide, Dr Dike Bekwele, in ...

  The Federal High Court sitting in Kaduna has granted an interim order restraining the Economic and Financial Crimes Commission from arresting or harassing a Dubai-based Nigerian businessman, Alhaji Rabiu Tijjani, declared wanted by the commission over alleged $1.9m money laundering charges.   The two respondents in the matter are ...

  Asian markets were mixed Tuesday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal.   Japanese stocks edged up and the yen held gains after Prime Minister Shigeru Ishiba said ...

  The Corporate Affairs Commission has said its newly deployed Artificial Intelligence-driven registration platform, the Intelligent Companies Registration Portal, now handles over 11,000 company registration and compliance cases daily.   According to the commission, the portal recently processed 8,000 name reservation requests in a single day.   It noted that ...

  Nigeria exported crude oil worth $1.34bn to the United States in the first five months of 2025, maintaining the country’s position as America’s leading African oil supplier.   Figures from the U.S. Census Bureau and Bureau of Economic Analysis show that the US purchased a total of 17.39 million ...

  Stock market investors traded 17.498 billion shares worth N500.762 billion in 142,082 transactions this week on the floor of the Nigerian Exchange.   This contrasts with 5.390 billion shares valued at N107.811 billion traded last week across 134,390 transactions.   As a result, the transaction value on the Exchange ...

  Wema Bank’s Digital Bank, ALAT, Emerges Nigeria’s Best Digital Bank at Euromoney Awards 202     In recognition of its position as a digital pioneer in the African banking landscape, Africa’s first fully digital bank, ALAT, a trailblazing digital platform pioneered by Nigeria’s oldest indigenous and most innovative bank, ...

  Political heavyweights and captains of industry have applauded the appointment of a former Minister of Works, Senator Adedayo Adeyeye, as Chairman of the Board of the Nigerian Ports Authority by President Bola Tinubu.   They paid tributes to the ex-minister at an event held in his honour in Abuja ...

  The Association of Licensed Telecommunications Operators of Nigeria has issued an urgent call for government and security intervention as a wave of vandalism and theft targeting critical infrastructure threatens to disrupt services nationwide.   The Chairman of ALTON, Gbenga Adebayo, said in a statement on Thursday that the surge ...