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Category: Business

CBN’s New Financial Products Aim to Tap into Diaspora’s Economic Power
BusinessNews

CBN’s New Financial Products Aim to Tap into Diaspora’s Economic Power

NEWS BAR NGJanuary 17, 2025January 17, 2025

Victoria Mbangwa The Central Bank of Nigeria (CBN) has introduced two innovative financial products targeting Nigerians in the diaspora, signaling…

Honda, Nissan Begin Merger Talks, May Emerge World’s Third-largest Automaker
BusinessNews

Honda, Nissan Begin Merger Talks, May Emerge World’s Third-largest Automaker

NEWS BAR NGDecember 24, 2024December 24, 2024

Japanese automakers, Nissan and Honda,  yesterday announced that they had entered into official talks to merge and create the world’s…

Saipem Wins $900m EPCI Contract from Shell’s $5bn Offshore Project in Nigeria
BusinessNews

Saipem Wins $900m EPCI Contract from Shell’s $5bn Offshore Project in Nigeria

NEWS BAR NGDecember 23, 2024December 23, 2024

Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for…

TotalEnergies, MRS, Sifax, FIRST E&P, Sahara, Others Win Oil Blocs as Dangote Crashes Petrol Price Undermining Imports
BusinessNews

TotalEnergies, MRS, Sifax, FIRST E&P, Sahara, Others Win Oil Blocs as Dangote Crashes Petrol Price Undermining Imports

NEWS BAR NGDecember 19, 2024December 19, 2024

In Nigeria’s first oil bid round conducted under the Petroleum Industry Act (PIA) 2021, many indigenous oil and gas companies…

Residents, Business Owners in Ikorodu Cry Out Over Repeated Robbery Incidents
BusinessNews

Residents, Business Owners in Ikorodu Cry Out Over Repeated Robbery Incidents

NEWS BAR NGDecember 17, 2024December 17, 2024

Residents and business owners in the Offin, Ogunlewe, and Bayeku areas of Ikorodu in Lagos State have raised the alarm…

BPW Nigeria task women leaders to embrace change, innovate, and lead
BusinessNews

BPW Nigeria task women leaders to embrace change, innovate, and lead

NEWS BAR NGDecember 11, 2024December 11, 2024

Bukola Afeni The Business and Professional Women (BPW) Nigeria has called on women leaders to adapt to new challenges and…

Moniepoint, Opay, fined 1B for regulatory infractions in 2nd quarter
BusinessNews

Moniepoint, Opay, fined 1B for regulatory infractions in 2nd quarter

NEWS BAR NGDecember 11, 2024December 11, 2024

Nifemi Babasanmi Moniepoint and OPay, two of Nigeria’s popular fintechs, have been fined N1 billion each by the Central Bank…

Seplat Energy Completes $800 Million Mobil Assets Transaction Thursday
BusinessNews

Seplat Energy Completes $800 Million Mobil Assets Transaction Thursday

NEWS BAR NGDecember 10, 2024December 10, 2024

The assets Sale and Purchase Agreement (SPA) between Seplat Energy Plc and Mobil Producing Nigeria Unlimited (MPNU) is set to…

Naira Bounces Back, Maintains Gains after Successful Eurobond Issuance, Launch of New Trading System
BusinessNews

Naira Bounces Back, Maintains Gains after Successful Eurobond Issuance, Launch of New Trading System

NEWS BAR NGDecember 7, 2024December 7, 2024

•Appreciates to N1,587.29/$1 on official, N1,590/$ on parallel FX markets •NBS: Foreign trade hits N35.16trn, recorded N5.81trn surplus in Q3…

Enugu Govt, Austrian Investors Formalise $100m FDI to Boost Water Infrastructure
BusinessNews

Enugu Govt, Austrian Investors Formalise $100m FDI to Boost Water Infrastructure

NEWS BAR NGDecember 3, 2024December 3, 2024

Enugu State Government and Austrian investors under the auspices of WANDE NEXUS, have formalised an agreement to implement the Sustainable…

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