BUSINESS

BY ABU-SATAR HAMED  ABUJA, NIGERIA – The Central Bank of Nigeria (CBN) has unveiled a new framework aimed at curbing the rising wave of fraud within the country’s financial sector. Under the draft guidelines, customers must report fraudulent transactions within 72 hours, while banks and fintechs are now obligated to …

BY ABU-SATAR HAMED  LAGOS, NIGERIA – The Chairman of United Bank for Africa (UBA) and Heirs Holdings, Mr. Tony Elumelu, has promised to support a young man in his music career after being moved by his exceptional performance at the Heirs Insurance Travel Festival. The budding artiste, Tobi Godsent, captivated …

BY ABU-SATAR HAMED LAGOS, NIGERIA – Dangote Group has announced a strategic partnership with Honeywell International Inc. to support the next phase of expansion of the Dangote Petroleum Refinery. The collaboration marks a significant milestone in the company’s drive to boost refining capacity, enhance operational efficiency, and strengthen Nigeria’s position …

BY ABU-SATAR HAMED IBESE-YEWA, OGUN STATE, NIGERIA – Dangote Cement Plc., Africa’s leading cement producer, has reaffirmed its dedication to promoting community welfare through sustained social investment initiatives across its host communities in Nigeria and beyond. This commitment was emphasized by the Head of Dangote Cement Plc., Ibese Plant, Mr. …

BY ABU-SATAR HAMED LAGOS, NIGERIA – Dangote Group is pleased to announce a series of strategic technical partnerships to support the next phase of expansion of its fertiliser operations in Nigeria, as well as the development of new fertiliser plants in Ethiopia. These collaborations mark a significant step in the …

Across Africa, women are fast becoming the heartbeat of economic transformation. From bustling open-air markets to high-tech boardrooms, women-led enterprises are redefining what is possible for the continent’s future. Whether as market traders expanding their reach through digital platforms, tech founders scaling innovations across borders, or artisans turning local crafts …

LAGOS, NIGERIA – The Alternative Bank (‘AltBank’) has been honoured as the ‘Innovative Bank of the Year’ at the 7th African International Conference on Islamic Finance (AICIF), underscoring its commitment to transformative, inclusive financial solutions across the continent. The award, presented recently, at the Eko Hotels in Lagos, celebrates the …

BY ABU-SATAR HAMED ABEOKUTA, OGUN STATE, NIGERIA – The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has expressed concern over the Federal Government’s decision to suspend the proposed 15 percent import duty on Premium Motor Spirit (PMS) and diesel. In a statement, OGUNCCIMA warned that the suspension …

LAGOS, NIGERIA – November 15, 2025: The French Week Economic Summit 2025, which held recently convened senior government officials, business leaders, diplomats, and industry stakeholders with a unified call for stronger bilateral cooperation to advance sustainable economic growth across both nations. Delivering the welcome remarks, Aigboje Aig-Imoukhuede, President, France–Nigeria Business …

BY ABU-SATAR HAMED LAGOS NIGERIA – Dangote Petroleum Refinery has debunked widespread media reports suggesting that the recent reduction in pump prices by oil marketers resulted from the Federal Government’s suspension of the 15 per cent import tariff on petroleum products. In a statement e-signed by Mr. Sunday Esan, Head …