US-Iran conflict: MAN outlines measures to mitigate effect on Nigerian manufacturers
Nigeria’s manufacturing sector may face serious challenges as tensions between the United States and Iran continue to affect global markets. The Manufacturers Association of Nigeria (MAN) has raised concerns that the situation could disrupt operations and slow down growth in 2026. According to MAN’s Director General, Segun Ajayi-Kadir, many manufacturers are already struggling with rising […]
Shutting down Onitsha market is putting fire to fire — Shop owner
A shop owner at the Onitsha Main Market, Gibson Okafor, has criticised the decision to shut down the market, saying it will only make things worse. He described the move as “putting fire to fire,” warning that it could deepen the economic hardship already faced by traders and customers. Okafor spoke on Wednesday during an […]
He has right to sue – Shehu Sani reacts as Dangote threatens businessman with N100bn lawsuit
Former senator Shehu Sani has reacted to reports that Africa’s richest man, Aliko Dangote, is threatening a businessman with a ₦100 billion lawsuit. According to Sani, Dangote has every legal right to seek redress in court if he believes his reputation or business interests have been harmed. He noted that access to justice is a […]
Otedola expands stake in FirstHoldCo with additional N14.8bn share purchase
Nigerian billionaire investor, Femi Otedola, has increased his stake in FirstHoldCo Plc following an additional share purchase valued at ₦14.8 billion. The move further strengthens his position as one of the most influential shareholders in the financial holding company, which oversees First Bank of Nigeria and other subsidiaries. Market filings show that the latest transaction […]
39 firms drag Nigerian stock market to 4th consecutive losses
The Nigerian stock market recorded its fourth consecutive day of decline as 39 companies experienced losses, leading to a continued drop in investors’ confidence. Market experts say the downward trend is driven by sell-offs across key sectors, especially banking, industrial goods, and consumer goods. This persistent decline has increased worries among traders and analysts, who […]
Dangote Offered To Pay Sacked Workers Five Years Salaries Without Work – Sources
Fresh reports have revealed that Africa’s richest man, Aliko Dangote, offered to pay some of his sacked workers five years’ worth of salaries without them doing any work. According to sources, the unusual gesture came as part of efforts to soften the impact of the mass layoffs in some of his companies. The move surprised […]
BREAKING: Diamond Bank founder, Pascal Dozie is dead
Pascal Gabriel Dozie, the man who started the former Diamond Bank Plc in Nigeria, has passed away. He died on Tuesday, April 8, 2025, just one day before his 86th birthday. He was 85 years old. Reports say he had been dealing with an illness related to old age. Pascal Dozie was well known in […]