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Business & Economy

NAICOM revokes operating licence of Nigeria Reinsurance Corporation

The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation, a company owned by businessman and diplomat, Senator Jimoh Ibrahim. The...

My N600 billion investment in FirstHoldCo is a generational bet – Otedola

Lagos – Chairman of First HoldCo Plc, Mr. Femi Otedola, has framed his over N600 billion personal investment in the financial services group as...

Dangote Refinery switches to dollar pricing, reshaping Nigeria’s fuel market dynamics

Dangote Petroleum Refinery has reset the pricing framework for refined petroleum products, fixing the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per...

CBN to sell N2 trillion treasury bill this month, largest in 2026

The Central Bank of Nigeria (CBN) has outlined plans to issue approximately ₦2.0 trillion in Nigerian Treasury Bills (NTBs) across multiple auction dates in...

Tinubu orders probe of Big Tech, AI platforms over alleged exploitation of Nigerian media content

President Bola Tinubu has ordered a sweeping investigation into major global technology companies and Generative Artificial Intelligence (AI) platforms over allegations of anti-competitive practices...

FG rules out new taxes on telcos, petroleun products

The Federal Government has stated that it is not considering the introduction of new taxes on telecommunications services or petroleum products. This clarification follows recent...

Ethiopian Airlines set to build $12.5 Billion mega airport

Ethiopian Airlines, the undisputed titan of African aviation, is laying the foundation for its ultimate masterstroke—a $12.5 billion mega-airport designed to permanently shift the...

MREIF is better: Why FirstBank’s mortgage loan is a game-changer for homeownership in Nigeria

Anyone who has tried to secure a mortgage in Nigeria understands the challenge: endless paperwork, rigorous property valuations, and steep equity contributions—often 25% or...

MAN kicks against World Bank push for petrol import licence reinstatement

“The path to a stronger naira, single-digit inflation, and a prosperous Nigeria lies in supporting local production. We must reject policies that ultimately export...

FirstBank partners Ekiti State Government on the launch of Innovation Enterprise Support Fund

Lagos, 10 April 2025 - FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, is proud to announce its partnership...

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