Business

Report: Naira appreciates N213 against dollar over 12 months

Femi Fabunmi

3 hours ago

Nigeria’s naira ended May 2026 at N1,372 per US dollar, representing a slight decline from N1,367/$ recorded at the end…

Report shows Nigeria spent £1.1bn on UK refined oil in 2025

Femi Fabunmi

21 hours ago

Nigeria spent about £1.1 billion on refined petroleum products imported from the United Kingdom in 2025, according to a new…

Banks lend N15.66 trillion to government in one year – CBN

Femi Fabunmi

21 hours ago

Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the…

NNPC Ltd. records N481bn profit in April

Isa Isawade

1 day ago

The development represented a sharp jump from the N276 billion posted in March, the company said in the April Monthly…

Fitch’s Vote of Confidence: The Story Behind FirstHoldCo’s Resilience

Kazeem Ugbodaga

2 days ago

That is why Fitch Ratings' recent affirmation of FirstHoldCo Plc and First Bank of Nigeria Limited at a Long-Term Issuer…

Dangote refinery slashes petrol, diesel prices again

Femi Fabunmi

2 days ago

The refinery further noted that it remains focused on improving local refining capacity and strengthening Nigeria’s energy independence by reducing…

First HoldCo Shareholders approve N253bn Capital Raise to hit N1tn Capital Base

Kazeem Ugbodaga

3 days ago

Shareholders of First HoldCo Plc have approved plans to raise up to N253.099 billion as the financial services group intensifies…

North-East leads as AfDB projects hit $6.2bn in Nigeria

Femi Fabunmi

4 days ago

The North-East region received the highest share of African Development Bank (AfDB)-funded projects in Nigeria in 2025, while projects in…

How MTN’s ‘Live It 100’ Campaign is rewriting brand strategy

Kazeem Ugbodaga

5 days ago

MTN Nigeria has launched a major youth-focused campaign known as 'Live It 100,' using music, innovation, gaming, business, and entertainment…

SALI establishes Lagos operations as it expands into West African Market

Kazeem Ugbodaga

6 days ago

Global tools and accessories manufacturer SALI Tools has officially entered the Nigerian market with the establishment of a local office…

FG, EU, Danish Dairy Board launch ‘Choose Milk’ Campaign in Nigeria

Kazeem Ugbodaga

6 days ago

Senior government officials, nutrition experts, healthcare professionals, regulators, development partners, and industry stakeholders on Tuesday convened at the Lagos Marriott…

Electricity reform hit as Nigeria rejects $717.7m World Bank funding

Femi Fabunmi

6 days ago

The Federal Government has cancelled $717.7 million in unused funding from a World Bank-supported electricity reform programme.

OPL 245: Malabu sues Tinubu over split of oil asset, demands ₦1trn in damages

Ayorinde Oluokun

6 days ago

The Tinubu's administration had broken up the controversial OPL 245 oil block into four new assets to be operated by…

Dollar pressure eases as Naira trades firm at N1,375/$

Femi Fabunmi

6 days ago

The Nigerian currency, the naira, strengthened slightly and traded at N1,375 per US dollar in the foreign exchange market.

UBA unveils Innovation Hub, Business Office at UNILAG

Kazeem Ugbodaga

7 days ago

Africa's Global Bank, United Bank for Africa (UBA) Plc, has deepened its longstanding relationship with the academic community and reaffirmed…

Nigerian Stock Market surges as investors pocket massive N905bn gain

Kazeem Ugbodaga

7 days ago

The Nigerian equities market extended its bullish run on Monday as investors gained N905 billion amid sustained buying interest in…

Fresh data reveals how Nigeria’s $51.86bn foreign debt Is distributed

Femi Fabunmi

7 days ago

Nigeria increased its borrowing from foreign lenders in 2025 as the Federal Government continued efforts to fund public projects, close…

Nigeria’s GDP grows by 3.89% in first quarter of 2026

Kazeem Ugbodaga

1 week ago

Nigeria’s Gross Domestic Product (GDP) grew by 3.89 per cent in real terms in the first quarter of 2026, reflecting…

What Happens to Your Crypto During a Fixed-Term Lock-Up Period?

Michael Adesina

1 week ago

During the term, the platform is responsible for the security and integrity of your deposited assets. Users cannot move, trade,…

Africa feels impact of global tensions as currencies weaken – UNCTAD

Femi Fabunmi

1 week ago

African currencies lost value after rising tensions involving the United States, Israel, and Iran affected global financial markets.

FG given 48 hrs to reveal identity of local contractors in $460m Abuja CCTV project

Isa Isawade

1 week ago

On 15 May 2023, the Federal High Court ordered the Ministry of Finance to disclose the total amount paid under…

Eid: Dutse residents groan over soaring ram price

Isa Isawade

1 week ago

A big size ram is sold at N500,000, and a well-bred bull sold for N1 million, as against its previous…

Fresh loans loom as Nigeria remains top world bank borrower

Femi Fabunmi

1 week ago

Meanwhile, the Accountant General of the Federation, Dr Shamseldeen Babatunde Ogunjimi, has called on the World Bank to speed up…

Lagos unveils ₦1trn Food Security Fund, Wealth Fund plan

Kazeem Ugbodaga

1 week ago

The Lagos State Government has unveiled plans to establish a Lagos Wealth Fund and a ₦1 trillion “Produce for Lagos”…

NITDA, ONDI inaugurate Technical Working Group (TWG) to drive National Regulatory Sandbox

Michael Adesina

1 week ago

The National Regulatory Sandbox is a structured, multi-agency, and sector-agnostic framework designed to enable the controlled testing of innovative products,…

Royal Nod: Ooni of Ife hails Stanel Boss Dr Stanley Uzochukwu for Harvard, Oxford leadership feats

Paul Dada

1 week ago

He capped it off with the High Performance Leadership programme at the University of Oxford, London.

Stock Market Rally Continues as Investors Gain ₦344bn

Kazeem Ugbodaga

1 week ago

The Nigerian stock market extended its bullish run on Friday as investors gained N344 billion at the close of trading,…

Why paper trading is the most underrated step in a trader’s education

Michael Adesina

1 week ago

Paper trading is the practice of simulating transactions using real-time market data without risking real money. Prices shift, spreads change,…

FG to expand Deep Blue Project to Bakassi, other maritime corridors — Oyetola

Ayorinde Oluokun

1 week ago

The minister stated that Nigeria had recorded zero piracy incidents within its territorial waters over the past four years due…

Lagos generates historic ₦2.6trn Revenue, ₦1.87trn IGR in one year

Kazeem Ugbodaga

1 week ago

The Lagos State Government on Friday said it generated a record ₦2.6 trillion in total revenue in 2025, with Internally…

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