Read the latest business and economic news on Etimes247 Newspaper. From Nigerian markets to global finance, we provide real-time updates, analysis, and insights for entrepreneurs and professionals.
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has alleged that some influential fuel importers fought hard to frustrate the establishment of the $20 billion refinery. …
The African Development Bank Group (AfDB) has approved a $200 million loan to support Nigeria’s digital infrastructure expansion and job creation under the Digital Value Chain Infrastructure for Boosting Employment …
FRESH details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria (UBN), with a forensic audit report alleging wide-ranging financial irregularities under the bank’s …
Intel (INTC.O), opens new tab said it would spend $14.2 billion to buy back the 49% stake it had sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership …
Wall Street’s main indexes rose on Wednesday, after posting their biggest one-day gain in nearly a year, following President Donald Trump’s comments that suggested an end to the Middle East …
Africa’s richest individuals significantly expanded their fortunes in the past year, with the continent’s billionaires collectively adding more than $20 billion to their wealth, according to the latest ranking released …
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned that petrol prices could surge to nearly N2,000 per litre if current trends persist. This is following Dangote …
FCMB Group said it has met the required capital for international banking license as required by the Central Bank of Nigeria (CBN), following the completion of its capital raising initiative …
Sunbeth Global Concepts Limited, a cocoa exporter, has secured approval for a N200 billion Commercial Paper Programme, with an immediate launch of up to N100 billion across Series 1, 2 …
There are indications that insurance industry efforts to secure lives and property through fire insurance may have started yielding results. But the results appear skewed in favour of corporate entities and high …
An international investment firm, Al Liwan Group Limited, has announced plans to inject $5m into the Owala Water Dam project in Osun State. The commissioner for Federal Affairs in Osun …
Discover a seamless **Sidra Chain KYC Guide 2026** that simplifies identity verification with the help of cutting-edge blockchain technology. This guide walks you through each essential step, making it easy …
A new batch of files released Friday related to the investigation of the late convicted sex offender Jeffrey Epstein includes documents referencing numerous high-profile figures. Among those named are President …
The Youth Leader of the Tinubu/Shettima campaign organisation in Zamfara State, Bashir Isa Gusau, has been abducted by gunmen suspected to be bandits. The abduction was disclosed on Thursday by …
Former Nigerian oil minister and ex-OPEC president Diezani Alison-Madueke appeared in a London court on Monday as her long-awaited corruption trial formally got underway. Preliminary proceedings, including technical matters and …
In its 13-page World Economic Outlook update published on Monday, the Fund urged countries to pursue medium-term fiscal consolidation while maintaining prudent debt management frameworks. The IMF projected that Nigeria’s …
The Abuja Electricity Distribution Plc (AEDC) on Saturday disclosed that it disconnected electricity supply to the Federal Capital Territory Water Board following repeated failures to pay bills stretching over a …
Asian markets largely rose on Wednesday as speculation about a snap election in Japan pushed up Tokyo shares, and oil prices dipped after a surge fuelled by instability in Iran. …
Saudi Airlines has faced criticism after leaving 401 Kano-bound passengers stranded at the Nnamdi Azikiwe International Airport, Abuja, for nearly 48 hours, a situation that sparked tension and raised security …
The firm disclosed this in a newsletter titled “Nigeria’s New Tax Laws: Inherent Errors, Inconsistencies, Gaps and Omissions”, released following the commencement of the laws on January 1, 2026. The …
The chairman of the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, Ben Enamudu, has dismissed claims that Nigerians’ bank balances will be taxed under the new tax regime, …
Proceedings at the Ajegunle District Magistrate’s Court were stalled following a dispute over the court’s authority to enforce an eviction at Alaba International Market, Ojo. The President of the …
The National Opposition Movement (NOM) has called on the Federal Government of Nigeria to halt the implementation of the new tax regime scheduled to take effect in January 2026, warning …
Global smartphone brand Infinix has unveiled special promotional packages for customers ahead of the Christmas and New Year celebrations in Abuja. The initiative was announced by the Founder and Chief …
The Premium Breadmakers Association of Nigeria (PBAN) has dismissed claims that the price of a 50kg bag of flour has dropped to between N35,000 and N40,000, describing the report as …
President of the Dangote Industries Limited, Alhaji Aliko Dangote, has publicly criticised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), alleging that its leadership is undermining efforts to expand …
President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has called for the investigation and possible prosecution of the Chief Executive Officer of the Nigerian Midstream and Downstream …
The Nigerian National Petroleum Company’s upstream subsidiary, NNPC Exploration and Production Limited, has recorded its highest daily crude oil production in more than three decades, hitting 355,000 barrels per day …
Majeurs Holdings Limited, said its recent Mandatory Conformity Assessment Programme (MANCAP) certification from the Standards Organisation of Nigeria (SON) signals the company’s commitment to quality standards, offering high-quality furniture and …
The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country. The CAC in a statement signed by …
The European Union hit Elon Musk’s X with a 120-million-euro ($140-million) fine on Friday for breaking its digital rules, in a move that risks a fresh clash with US President …
Nigeria’s economy grew by 3.98 per cent in the third quarter of 2025, marking a slight improvement over the 3.86 per cent recorded in the same period of 2024, according …
The Dangote Petroleum Refinery has announced plans to supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly to the Nigerian market between December 2025 and January 2026, ensuring steady …
The Nigerian National Petroleum Company Limited (NNPC) has announced its financial performance for the full year ended 2024, reporting a profit after tax of N5.4 trillion on revenue of N45.1 …
Nigeria’s oil revenue for September 2025 fell sharply by N345.19 billion, reflecting a major decline in tax receipts from the oil and gas sector. According to documents presented at the …
TotalEnergies has signed agreements with its long-standing partner Conoil Producing Limited to acquire from Conoil a 50% operated interest in block OPL257 while Conoil acquires the 40% participating interest held …
Saudi Arabia is continuing to strengthen its ties with major American AI companies, announcing new agreements worth billions of dollars. This comes as the country’s de facto leader, Crown Prince …
The President/Chief Executive of the Dangote Group, Aliko Dangote, plans to invest up to $1 billion in Zimbabwe to develop cement and power plants, as well as a fuel pipeline. …
Asian stock markets fell on Tuesday as investors assessed the recent surge in technology shares on Wall Street amid growing fears that a market bubble may be forming. The rally …
The Securities and Exchange Commission reported that Nigerians have lost approximately N316 billion to ponzi schemes and illegal fund managers over the years. They warned that greed and ignorance continue …
On Tuesday, the Federal Inland Revenue Service (FIRS), via its Emerging Taxpayers’ Group (ETG), enhanced its engagement with key stakeholders regarding Nigeria’s recent tax reform laws. This took place at …
Alhaji Abubakar Isa, a businessman, has filed an appeal against Justice M. Umar’s ruling of September 24, 2025, from the Federal High Court in Abuja regarding the case No. FHC/ABJ/CS/1971/2024. …
Mr. Ross Baker, the Chief Customer Officer of Heathrow Airport in the UK, stated that the launch of direct flights from Abuja to London Heathrow by Nigeria’s largest airline, Air …
The Manufacturers Association of Nigeria (MAN) forecasts that in 2026, the naira will strengthen further, inflation will continue to decline, and access to credit will improve. It also foresees an …
Bitget, the largest Universal Exchange (UEX) globally, has launched GetAgent, an advanced AI-driven trading assistant that aims to enhance trading intelligence. Unlike simple chart analysis, GetAgent thinks, learns, and takes …
The net worth of Aliko Dangote, who is widely recognized as Africa’s wealthiest individual, has seen a remarkable increase, now standing at an impressive $30.2 billion, according to the latest …
Pathway Advisors Limited (PAL), a leading investment banking and financial advisory firm, has been named Best Issuing House and Financial Advisory Firm of the Year at the 2025 edition of …
The U.S. stock market rally faces a potentially significant week to maintain its momentum as the year draws to a close, featuring a surge of corporate earnings reports led by …
Africa’s richest man, Aliko Dangote, has announced plans to sell between five and 10 percent of the Dangote Petroleum Refinery’s shares on the Nigerian Exchange (NGX) Limited within the next …
The Distribution Companies of Nigeria, DISCOs, recorded 16.5 per cent, year-on-year YoY increase in revenue to N193.96 billion in July 2025 from N162 billion in the corresponding period of 2024. The increase …
The pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa has dismissed speculations that the stringent implementation of local content policy was responsible for the absence of final investment decisions (FIDs) …
Diamonds still fund budgets, towns and jobs across Africa. They shape government choices and household incomes. Below are the five African countries that exported the most diamonds recently, what that …
Elon Musk’s lawyers will urge the Delaware Supreme Court on Wednesday to restore his $56 billion pay package from Tesla , opens new tab, as one of the biggest corporate …
Executives from major US banks have forecasted additional gains as equity markets experienced significant growth in the last quarter and the economy remained resilient despite tariffs. However, some have cautioned …
The Nigerian Upstream Petroleum Regulatory Commission has disclosed that 11 crude oil cargoes offered to local refiners in a month were not taken up despite their repeated complaints about crude …
Google now offers its premium AI subscription, Google AI Pro for free to university students for 12 months across Africa, as part of an initiative to support higher education across …
as 55th Annual conference opens in Abuja The Chartered Institute of Accountants of Nigeria (ICAN), has said it is committed to preserving the integrity of its professional examinations. President of …
The President/Chief Executive of the Dangote Group, Aliko Dangote, has led the groundbreaking of a $2.5bn fertiliser plant in Gode, Ethiopia. A statement by the Dangote Group on Sunday said …
Dangote Refinery has said the two-day strike action by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, did not disrupt its operations “for a second”. This comes …
Vice President Kashim Shettima stated that Nigeria’s interests surpass those of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) amid the ongoing conflict between the association and …
Since the takeoff of the ban on raw shea nut exports, the industry has witnessed market disruptions and price collapse, fallen the price of the commodity by over 30 per …
The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have announced a joint initiative to register 250,000 Micro, Small, and Medium Enterprises (MSMEs) …
President Bola Ahmed Tinubu recently announced that Nigeria’s tax-to-gross domestic product (GDP) ratio has seen a significant increase, now standing at 13.5 percent as of September 2025. This marks a …
Asian shares saw a slight increase on Tuesday, while gold continued its remarkable rise as investors assessed the potential for a U.S. government shutdown that could postpone the release of …
Leadway Assurance Company Limited has strengthened its dedication to Nigeria’s food security by collaborating with the Presidential Food Systems Coordinating Unit (PFSCU), State Governments, and the PULA/Bayer Foundations in a …
The Independent Petroleum Marketers Association of Nigeria has declared that its members will implement a nationwide increase in petrol prices following the suspension of petrol sales in Naira by Dangote …
The federal government has reaffirmed its dedication to repositioning Nigeria’s micro, small, and medium enterprises (MSMEs) as the foundation of economic transformation. Vice President Kashim Shettima made this announcement at …
The Nigerian Consumer Credit Corporation (CREDICORP) has introduced a groundbreaking pension-backed loan program aimed at providing retirees with access to affordable credit, representing a significant advancement in Nigeria’s consumer finance …
Nvidia (NVDA.O) announced on Thursday that it plans to invest $5 billion in Intel (INTC.O), demonstrating its support for the struggling U.S. chipmaker just weeks after the White House facilitated …
Africa’s richest man and president of Dangote Group, Aliko Dangote, has disclosed that lenders would have seized his assets if the decision to build the $19 billion Dangote Refinery had …
Schneider Electric, a global leader in energy management and automation, recently launched a new range of innovative products designed for industrial, commercial and residential use, headlined by its all-in-one panel …
Tier-one lender Fidelity Bank Plc will host a high-profile panel session titled ‘Digital Railroads: Powering U.S.–Africa Commerce Through Fintech’ at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) …
The Federal Competition and Consumer Protection Commission (FCCPC) said it had successfully resolved 9,091 consumer complaints in the six months from March to August 2025, recovering over N10 billion on …
Afrinvest West Africa Limited has predicted that Nigeria’s rebased Gross Domestic Product (GDP) requires a 21.95 per cent growth rate at an exchange rate of N1,500 per dollar to achieve …
Apple will unveil its iPhone 17 lineup on Tuesday, with artificial intelligence (AI) expected to be the headline feature as the company battles growing scrutiny over its innovation pace and rising production costs. …
BUA Group has condemned the tragic attack that occurred near its Okpella facility in Edo State, resulting in the deaths of eight Nigeria Security and Civil Defence Corps (NSCDC) operatives …
Yunfeng Financial Group, a Hong Kong-listed company backed by Jack Ma’s Yunfeng Capital, is accelerating its entry into the digital asset space. After acquiring 10,000 ETH for $44 million on …
Details of the Solana Acquisition DeFi Dev Corp is doubling down on Solana. Amount Acquired: $39.67 million in SOL Total Holdings: 2,027,817 SOL (~$427 million) Increase: +11% in Solana treasury Timing: Purchased during a market correction, …
XRP Price Outlook: The Road to $10 XRP remains a long-term powerhouse. Metric Update Current Price $3.03 Market Cap $179.2B 24h Volume $6.65B Key Resistance $3.66 → $3.75 Breakout Target $7–$8 (+130%) …
Cardano (ADA) – Ouroboros Leios Upgrade Could Change the Game Cardano is preparing for liftoff. Metric Update Current Price $0.86 Market Cap $30.8B Key Catalyst Ouroboros Leios upgrade (Q4 2025) …
In Brief: The Road to a Cardano ETF ETF Name: Grayscale Cardano Trust Ticker: GADA (proposed) Exchange: NYSE Arca Custodian: Coinbase Custody — trusted by major ETFs Index Tracked: CoinDesk Cardano Price Index (ADX) — updated daily …
Why Layer Brett Escapes the Meme Coin Mundane Dogecoin had virality. SHIB had hype. Layer Brett has utility. Feature Dogecoin / SHIB Layer Brett (LBRETT) Blockchain Slow L1 (Dogecoin), Ethereum L1 …
Ethereum Driving Institutional Confidence Ethereum is no longer just a crypto asset—it’s institutional infrastructure. Current Price: $4,575 September Target: $5,512 Year-End Forecast: $7,500 ETF Inflows in 2025: Over $23 billion Institutional adoption is in full …
IREN, the Australian Bitcoin mining company, just reported its best financial year ever — $501 million in revenue for FY2025 (ending June 30), a 168% year-over-year increase, with Q4 revenue …
Altcoin Market Cap Nears $1.2 Trillion Breakout Zone The total market capitalization of altcoins—everything except Bitcoin—is showing strong technical signs of a potential breakout. Current Alt Market Cap: ~$1.18T Breakout Zone: $1.2T …
The Legendary Wallet: A $49 Bet That Turned Into $694,000 This isn’t just a transaction — it’s crypto history in motion. Detail Update Wallet Address 0x42D3… ICO Investment $49 (2015) ETH Received …
Etimes247 Newspaper is among Nigeria’s leaders in online news and information delivery. From our headquarters in Kano, Nigeria, we provide fresh, factual, and reliable news to a global audience. Our commitment is to deliver journalism that informs, educates, and strengthens public trust.
Etimes247 Media All Right Reserved. by Slamari Global Tech
Faisal Salisu Dambatta
Asiya Muhammad Nasir
Zainab Abdulmumeen Aliyu