Business Archives

Tony Elumelu to Step Down as UBA Chairman as Emmanuel Nnorom Takes Over

Promise OdejideJuly 6, 20260

Tony Elumelu will retire as Group Chairman of United Bank for Africa on August 21, 2026, after reaching the 12-year…

Promise OdejideJune 28, 20260

President Bola Tinubu has approved the free registration of 250,000 Micro, Small and Medium Enterprises (MSMEs) with the Corporate Affairs…

Promise OdejideJune 16, 20260

Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit (petrol) by ₦75 per litre, bringing it down…

Promise OdejideJune 9, 20260

Nigeria recorded a significant decline in petrol imports in the first quarter of 2026, with import expenditure falling by 96…

Promise OdejideJune 9, 20260

Vice President Kashim Shettima has described Lagos State as the economic backbone of Nigeria and a major driver of Africa’s…

Promise OdejideJune 4, 20260

The Central Bank of Nigeria (CBN) has approved the conversion of Abbey Mortgage Bank Plc into a regional commercial bank,…

Promise OdejideMay 30, 20260

The Dangote Petroleum Refinery and Petrochemicals has announced a fresh reduction in the prices of Premium Motor Spirit (PMS), popularly…

Promise OdejideMay 30, 20260

The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, rose sharply to ₦1,532.93 per litre in…

Promise OdejideMay 28, 20260

The Economic Community of West African States (ECOWAS) has projected that Nigeria could emerge as the world’s fifth-largest economy within…

Promise OdejideMay 20, 20260

Business mogul and Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote Refinery, marking…