Economy - Page 4

Through its funding of over 21,000 entrepreneurs across Africa, the Tony Elumelu Foundation (TEF) Entrepreneurship Programme has created 1.5 million jobs in Africa over a decade from 2015 to 2025. According to the TEF, 2.1 million Africans were lifted from poverty and

The Securities and Exchange Commission (SEC) has issued a public notice cautioning investors against engaging with Silverkuun Investment Cooperative Society, stating that the entity is not registered to operate in any capacity within the Nigerian capital market.  According to the release signed

President Tinubu establishes National Credit Guarantee Company (NCGC) with N100 billion initial capital, appoints former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the NCGC Board The new institution, backed by an initial capital of N100 billion,

Today, May 26, 2025, we commenced enforcement on the 4,794 properties revoked for non-payment of Ground Rent, from 10 to 43 years. Properties owned by government institutions, corporate organisations and individuals were affected. This demonstrates the Federal Capital Territory Administration’s commitment to

Fidelity Bank Plc has refuted the allegations published by a media organisation on May 21, 2025, accusing the Bank’s Managing Director/CEO, Dr. Nneka Onyeali-Ikpe, of engaging in insider trading. In a formal statement released to NGX Regulation Limited (NGX) and the public,

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that the country’s Port Harcourt Refining Company (PHRC) will undergo a planned maintenance shutdown. The scheduled maintenance and sustainability assessment will commence today, Olufemi O. Soneye, Chief Corporate Communications Officer, NNPC Ltd,

The Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide. The new rates now range from ₦875 to ₦905 per litre, depending on location. A breakdown of the revised prices shows, Lagos:₦875, South-West

The Federal Government plans to raise a total of ₦300 billion in revenue from the domestic bond market in May 2025. The auction will be held on May 26, with settlement slated for May 28, 2025. The bond market remains a critical