The Nigerian banking system, once celebrated as the backbone of the nation’s economy, is facing a glaring paradox. Customers walk into bank branches daily to access their funds, only to be told that cash is scarce. The situation, which began following the Naira redesign exercise under former President Muhammadu Buhari, has become a troubling norm.

…Emerges Nigeria’s first deep-water project since 2013 …More FIDs expected in 2025-Verheijen Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc’s recent $5 billion Final Investment Decision (FID) on the Bonga North project, has ignited optimism surrounding the multinational’s planned asset sale in Nigeria. Shell said in a statement on Monday

For millions of households in the country, the festive season has come at a time when the inflationary pressure is intensifying. And Nigerians are going to be spending more buying rice – a key staple in the country. According to the report released by the National Bureau of Statistics (NBS) on Monday, Nigeria’s inflation rate

Business Day, established in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It circulates in Nigeria and Ghana Read More...

Nigeria’s largely capitalised companies are gradually getting the gender equality calculations right in their board leadership formation. Taking the lead are listed brewing giants, the latest being the appointment of Juliet Anammah as first female board chair of Nigerian Breweries Plc. Rising from its December 12 board meeting, Nigerian Breweries Plc appointed Juliet Anammah as

On December 1, Swiss cement maker and majority shareholder in Lafarge Africa, Holcim, announced an agreement to sell off its 83.8 percent stake in Lafarge Africa to the Chinese cement maker, Huaxin Cement Company. The deal, upon completion, would give Lafarge Africa a 100 percent equity value of $1 billion. In a disclosure to the

Nigeria has a rich football history, celebrated not just for its passionate fans but for producing players who have left a lasting impact on the African and global stage. The CAF African Men’s Footballer of the Year award is a crowning jewel, recognizing the continent’s most outstanding players. For Nigerian footballers, this award symbolizes not

The holiday season is the perfect time to create and capture lasting memories. If you’re looking for some inspiration for your holiday photos, why not take a cue from celebrities?  Here are some celebrity-inspired ideas that can add sparkle and charm to your Christmas photos. Cozy Pajamas  Emulate the cosy holiday style of snapping your

President Bola Tinubu has authorised free train rides across Nigeria from December 20, 2024, to January 5, 2025, to help reduce transportation costs during the Christmas and New Year holidays. This announcement was made by the Minister of Information and National Orientation, Mohammed Idris, during a press briefing in Abuja. Idris emphasized, “As we did

Detty December is here! It’s that time of year when the streets of Lagos light up, playlists are filled with amapiano hits, and cinemas are buzzing with eager moviegoers. Whether you’re sipping zobo at a family hangout or catching up with friends over suya, December in Nigeria is all about celebration, and what better way

Nigeria has fully paid its dues to the Economic Community of West African States (ECOWAS) for the year 2023 and the first half of 2024, totaling N85 billion (about $54 million). This announcement was made by Omar Touray, the President of the ECOWAS Commission, during a major meeting in Abuja. This is the first time

Yoruba nation activist, Sunday Adeyemo, popularly known as Sunday Igboho, has urged President Bola Tinubu to call Vice President Kashim Shettima to order over his verbal attacks on the leader of the British Conservative Party, Kemi Badenoch. Naija News reports that Shettima had berated Badenoch for making critical comments on corruption in Nigeria. In subsequent