Business

Nigeria: Julius Rone Sets September Target for Nigeria's First Floating LNG Plant

[This Day] For years, gas flares have lit the night sky over the Niger Delta, burning off a resource Nigeria has struggled to monetise. Julius Rone, Group Managing Director of UTM Offshore and known in the industry as the King of Gas, is…

Nigeria: Rethinking the CBN's Mandate

[This Day] Malaysia holds lessons for Nigeria, writes

West Africa: Nigeria's Costly Refinery Obsession

[This Day] Nigeria's moribund refineries have swallowed billions without delivering results. President Bola Tinubu's revival pledge therefore raises the question: why not sell them? Writes Festus Akanbi

Nigeria: We Are Still Here, Investing and Excited About Nigeria's Future, Says CEO of Multichoice, Omotosho

[This Day] MultiChoice Nigeria's first female Chief Executive Officer, Kemi Omotosho, in this interview with THISDAY reflects on more than three decades in the country, the company's economic and creative-industry footprint, changing…

Nigeria: Babatunde Fowler At 70 - A Life of Service, Reform and Fiscal Transformation

[This Day] Babatunde Fowler turned 70 on Wednesday, August 12, marking the milestone with a Thanksgiving Service at the Redeemed Christian Church of God, GRA Ikeja, attended by Lagos State Governor Babajide Sanwo-Olu alongside family…

Operators eye private equity as pension funds hit N31trn

Operators eye private equity as pension funds hit N31trn

O perators in Nigeria’s pension sector are exploring private equity investments as part of a new drive to expand pension funds which currently stand at N31 trillion as checks by Daily Trust have shown. The figure is more than the entire…

TAJBank’s PBT surges 74% to N31.56bn

TAJBank Limited, Nigeria’s largest non-interest bank by assets, has recorded a significant improvement in its financial performance, with Profit Before Tax (PBT) rising by 74% year-on-year to N31.562 billion in FY2025, compared with…

India Rupee, Bonds in Focus as RBI to End FCNR Deposit Window Early

The end of the deposit plan could tighten banking system liquidity.

FCMB raises FastCash instant loan limit to N500,000

FCMB raises FastCash instant loan limit to N500,000

First City Monument Bank (FCMB) has increased the maximum limit for its FastCash instant loan to N500,000, providing eligible customers with greater access to funds for unexpected expenses and other short-term financial needs. FastCash is…

Xi Touts Party-Led Growth at Predecessor’s Birth Centenary

Chinese President Xi Jinping upheld former leader Jiang Zemin’s legacy of combining economic development with firm Communist Party rule, using the centenary of his predecessor’s birth to reinforce the political foundations of his own…

Presidency plans new funding model for NSIB

Presidency plans new funding model for NSIB

The Presidency is exploring a sustainable funding arrangement to support the Nigeria Safety Investigation Bureau (NSIB) in carrying out accident investigations across the country. The development is coming on the heels of the failure by…

RMAFC concludes review of revenue formula for office holders

RMAFC concludes review of revenue formula for office holders

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has completed a comprehensive review of Nigeria’s Revenue Allocation Formula and concluded work on the review of remuneration for political, public and judicial office…