Business

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Business

Governor Mbah Unveils Multi-Billion Naira Anchorage Pharmaceutical Company in Enugu

Enugu State Governor Peter Mbah has commissioned Anchorage Pharmaceutical Industries Limited in Trans-Ekulu. Board Chairman Rear Admiral Allison Madueke (Rtd) lauded the administration for creating a thriving investment environment. In a significant boost to industrialization and public health in the South-East, Governor Peter Mbah of Enugu State has officially commissioned Anchorage Pharmaceutical Industries Limited, a multi-billion naira drug manufacturing facility located in Trans-Ekulu, Enugu. The commissioning, which took place on […]

todayOctober 24, 2026

Business

JPMorgan Deposits ₦50 Billion with CBN for Nigerian Merchant Banking License

U.S. banking powerhouse JPMorgan Chase has deposited ₦50 billion ($38M) with the Central Bank of Nigeria as it clears final regulatory hurdles to launch a merchant bank before the end of 2026. In a significant vote of confidence for Nigeria's financial reforms, global banking giant JPMorgan Chase & Co. has deposited ₦50 billion (~$38 million) with the Central Bank of Nigeria (CBN) as part of final requirements to secure a […]

todayOctober 22, 2026

Business

Global Demand: Dangote Refinery IPO Attracts Investors Across 90+ Countries, 51 African Nations

The ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals has drawn unprecedented global demand, attracting subscriptions from investors in over 90 countries and 51 African nations. Read the full financial breakdown and market update. In a historic milestone for African capital markets, Dangote Petroleum Refinery & Petrochemicals has announced that its ongoing Initial Public Offering (IPO) has achieved massive global participation, receiving subscriptions from retail and institutional […]

todayOctober 19, 2026

Business

Relief for Transporters: Gov. Mbah Scraps ₦750 Daily Keke Ticket Fee, Extends Operating Hours to 10 PM in Enugu

Enugu State Governor Peter Mbah has abolished the ₦750 daily ticket fee for commercial tricycle (Keke) operators and extended their operational curfew to 10:00 PM. Read the full details from the Okpara Square rally. In a major policy move aimed at easing economic pressure on commercial transporters and boosting night-time economic activities across Enugu State, Governor Peter Mbah has announced the immediate abolition of daily ticket fees paid by commercial […]

todayOctober 17, 2026

Business

NIGERIA PLANS TO STRENGTHEN BILATERAL AGREEMENT WITH SPAIN

Nigeria Ambassador to Spain, OKEZIE  IKPEAZU   has called for the revitalisation of Nigeria's existing bilateral agreements with Spain. IKPEAZU made the call in Madrid, after presenting his letter of credence to King FELIPE VI of Spain at his palace. During the ceremony, the ambassador reaffirmed Nigeria's commitment to strengthening its relationship with Spain particularly in trade and investment, education, tourism, culture and security, stressing that the existing bilateral agreements should […]

todaySeptember 16, 2026

Business

T2 Emerges: 9mobile Rebrands and Partners with MTN to Expand Nationwide Coverage

In a bold move to redefine its market presence and improve service delivery, 9mobile has officially rebranded to "T2" and entered into a strategic three-year national roaming agreement with MTN Nigeria, signalling a new era for the telecom provider. Unveiled in August 2025 at a high-profile event themed “Tech Meets Tenacity”, the rebrand introduces "T2" as a modern, digital-first lifestyle brand aimed at reconnecting with Nigeria’s tech-savvy and youthful population. With […]

todaySeptember 8, 2025

Business

Dangote Refinery Suspends Petrol Sales in Naira.

The Dangote refinery has officially announced a temporary suspension of petroleum products sales in Naira. This was disclosed in a statement released yesterday by the company, citing an imbalance between its sales proceeds and crude purchase obligations, which are currently denominated in U.S. dollars. It said the decision aims to address the mismatch and ensure sustainable operations, and further emphasized that petroleum product sales in Naira will promptly resume once […]

todayMarch 20, 2025

Business

Reactions as CBN Governor announces to re-designed naira notes

Reactions have continued to trail the announcement by the Governor of the Central Bank Godwin Emefiele to re-designed naira notes as a measure targeted at controlling currency in circulation as well as curbing counterfeit currency and ransom payment to kidnappers and terrorists. Throwing more light on the rationale for the new government policy, a Professor of Economics and a member of the Central Bank of Nigeria Monetary Mike Obadiah said […]

todayOctober 31, 2022 69

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