Ketron Investment Limited, a subsidiary of Persianas Investment Limited--has completed the acquisition of Shoprite operations in Nigeria, after winning a bidding war involving three other suitors.

The People’s Democratic Party (PDP) has told Nigerians to pay attention to Nigerian National Petroleum Corporation planned purchase of 20 percent shares in Dangote Refinery warning the President Muhammadu Buhari administration to ensure transparency in the planned purchase.

Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field license by the Department of Petroleum Resources, DPR, on Monday.

Data posted on the FMDQ Security Exchange where forex is officially traded revealed that the naira remained stable against the U.S dollar at the Investors and Exporters (I&E) window on Monday.

The Nigerian National Petroleum Corporation (NNPC) says that it has served notice to the Federation Account and Allocation Committee (FAAC) that it will deduct about N126 billion from its remittance to the Federation Account at the next meeting scheduled for June.

Nigeria's parallel (Black Market) has reacted to the Central Bank of Nigeria's recent announcement of the adjustment of the exchange rate of the naira to the US Dollar.

The Nigerian National Petroleum Corporation (NNPC) says it is perfecting plans to acquire a 20% minority equity stake in Dangote Refinery, Lagos.

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has tasked Governors of the 36 States of Nigeria to make their States more viable by investing more in agriculture, particularly crops in which they have comparative advantage, as well as to reduce their dependence on allocations from the Federation Accounts Allocation Committee (FAAC).

Amazon CEO Jeff Bezos will step down on July 5, turning the helm over to cloud-computing boss Andy Jassy.

The Association of Master Bakers and Caterers of Nigeria (AMBCN) has directed its members to increase prices of bread and other bakeries by 30%, citing higher raw material costs.

As bank frauds and insider crimes continue to rise in Nigeria's banking sector, the Economic and Financial Crimes Commission EFCC says it is not compulsory for Nigerians to own bank accounts.

The Central Bank of Nigeria has set capital benchmarks for firms involved financial technology and payment operations.