Business

FG Summons Dangote, Bua, Others Over Rising Price of Cement

Nigeria's federal government has summoned manufacturers over the constant in the price of cement. Daily Report Nigeria reports that government called for an urgent meeting with prominent producers of cement…

Daily Report August 14, 2025

Business

NIN: Owners to Forfeit Barred Over 40m Lines

The Nigerian Communications Commission (NCC) has disclosed that owners of the over 40 million barred telephone lines will soon be unable to make calls. According to the NCC, the 40…

August 14, 2025

Business

CBN Directs BDCs to Sell Dollar at N1,269

The Central Bank of Nigeria (CBN) has issued a directive to Bureau de Change (BDC) operators to sell the US dollar at a fixed rate of N1,269 per dollar in…

August 14, 2025

Business

Binance Founder Sentenced For Money Laundering

Changpeng Zhao, the billionaire founder of Binance, a cryptocurrency exchange, has been sentenced to four months in prison for violating anti-money laundering laws. Zhao was sentenced by the U.S. District…

August 14, 2025

Business

Heritage Bank: CBN Debunks Rumors of License Revocation for 3 Banks

The Central Bank of Nigeria (CBN) has debunked rumors circulating in the public domain about the potential revocation of licenses for three additional banks. In a press statement released by…

August 14, 2025

Business

GTBank Drags 60 Bank Chiefs To Court

Guaranty Trust Bank has dragged no fewer than 60 top executives of 13 commercial banks to court as a pending suit between GTBank and Afex Commodity Exchange over N17bn Anchor…

August 14, 2025

Business

Nigeria Clears $850m Debt to European Airlines

The Federal Government of Nigeria has paid off a long-standing debt of $850 million owed to European airlines, according to European Union Ambassador to Nigeria and ECOWAS, Samuela Isopi.…

August 14, 2025

Business

FG, Crude Oil Producers Commit to Supply to Dangote, Local Refineries

The Federal Government and crude oil producers in Nigeria have agreed to work towards a sustainable supply of crude oil to local refineries under a market-determined pricing system. According to…

August 14, 2025

Business

Dangote Offers to Sell Refinery to NNPC Amid Monopoly Allegations

Aliko Dangote, President of Dangote Group, has offered to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited (NNPCL) amid allegations of monopoly in the industry. In…

August 14, 2025

Business

MultiChoice Wins Reprieve in Subscription Price Hike Dispute

The Competition and Consumer Protection Tribunal has granted MultiChoice Nigeria a temporary reprieve in the subscription price hike dispute, dismissing the case instituted against the media giant. The…

August 14, 2025