Browsing Category
Business
200 posts
Alphabet and Tesla Stock Prices Decline Amid Market Concern Over AI Costs
Google parent Alphabet and Tesla saw share prices tumble after reporting negative free cash flow driven by massive investments in artificial intelligence infrastructure.
Dangote Refinery Secures $2.5 Billion Through Private Equity Deal
Dangote Refinery has successfully raised $2.5 billion in a landmark private equity placement, drawing interest from global and African institutional investors to support its ongoing expansion.
Dangote Refinery Recommences Naira-Based Petrol Sales at N1,215 Per Litre
Dangote Refinery has resumed petrol loading in naira at a new price of N1,215 per litre following a week-long suspension, even as depot and retail prices continue to rise nationwide.
Dangote Refinery Restarts Naira Petrol Sales at N1,215 per Litre
Dangote Refinery has resumed petrol loading in naira at a revised rate of N1,215 per litre, following a rise in global crude oil prices that has triggered widespread increases in retail fuel costs across Nigeria.
Lloyd’s of London confirms former CEO violated rules regarding personal disclosure
An internal investigation at Lloyd's of London concluded that former CEO John Neal and director Rebekah Clement violated compliance rules by failing to disclose a personal relationship that created a perceived conflict of interest.
FCMB Launches Initiative to Boost Healthcare Sector Financing
First City Monument Bank is set to host a healthcare summit in July 2026 to connect industry leaders and investors, focusing on sustainable financial solutions for Nigeria's medical sector.
Access Bank Launches Dedicated SME App Alongside Inaugural MSME Conference
Access Bank is set to hold its first MSME Conference in Lagos on July 24, 2026, focusing on AI-driven growth for small businesses and the debut of the Access SME App.
NRS Mandates E-Invoicing Compliance for Large Taxpayers by July 31
The Nigeria Revenue Service has announced a July 31, 2026, deadline for large taxpayers to implement the national e-invoicing and Electronic Fiscal System.
Dangote Refinery boosts fuel exports amid supply and currency hurdles
Dangote Refinery is prioritizing international fuel exports to offset severe local crude shortages and an inability to convert naira earnings into the foreign currency needed for operations.
Lenders propose golden share to prevent Thames Water state takeover
Thames Water lenders are offering the government a golden share and increased local authority control in an effort to avoid state nationalisation of the struggling supplier.