Business

Naira crashes again against Dollar

Kazeem Ugbodaga

6 months ago

This marked a 0.29 percent decline, equivalent to a N4.32 loss compared to Thursday’s rate of N1,471.02. The depreciation rounded…

Investors smile as Nigerian Stock Market adds N395bn in gains

Kazeem Ugbodaga

6 months ago

United Bank for Africa (UBA) led the activity chart by volume, trading 59.18 million shares valued at N2.48 billion, followed…

Air Peace begins monthly charter flights to Antigua, Barbados

Ayorinde Oluokun

6 months ago

Air Peace, which is the only airline offering direct flights from West and Central Africa to the Caribbean, hopes the…

Richest Indian in Africa Prateek Suri sees net worth surge $1.9bn amid landmark deal

Kazeem Ugbodaga

6 months ago

With the island officially secured, analysts say its value has unlocked a major boost to Suri’s fortune. The billionaire plans…

FCMB Group unveils strategy behind ₦160bn Public Offer at NGX

Kazeem Ugbodaga

6 months ago

The latest public offer follows FCMB’s successful ₦147.5 billion rights issue in 2024, which marked its first capital raise in…

How young Nigerians can build wealth through smart stock choices

Femi Fabunmi

6 months ago

These companies offer a solid mix of liquidity, profitability, and long-term value, making them reliable options for investors in 2025.

Naira wobbles again, loses ₦18 in one week

Femi Fabunmi

6 months ago

Meanwhile, the National Bureau of Statistics reported that Nigeria’s inflation rate fell for the sixth consecutive month, standing at 18.02%…

NMRC boss unveils solution to Nigeria’s housing nightmare

Oluwapelumi Oluwayemi

6 months ago

Ogundimu made the call at a roundtable event supported by UN-Habitat and the African Development Bank (AfDB), which brought together…

2027 countdown: Obi set to reignite hope with second presidential run

Femi Fabunmi

6 months ago

rescue Nigeria from bad leadership.” When asked about rumours that he might return to the Peoples Democratic Party (PDP), Obi…

UBA set to unveil Whitepaper on Africa’s Financial Infrastructure

Kazeem Ugbodaga

6 months ago

“UBA is shifting Africa's development agenda from talk to action. With this whitepaper, we are championing initiatives that convert strategic…

Nigeria’s Inflation plummets to 18.02% in September

Kazeem Ugbodaga

6 months ago

The report revealed that the September figure represents a 2.1 percent decrease from the previous month’s rate, showing a sustained…

MAN raises alarm over Nigeria’s shrinking Industrial base

Femi Fabunmi

6 months ago

He stressed that the “Nigeria First” policy should go beyond patriotic talk, urging the government, private sector, and citizens to…

Nigeria’s trade surplus climbed to 6% – Cardoso

Isa Isawade

6 months ago

Cardoso, who also led the Nigerian delegation to the annual meeting of the IMF/World Bank Group in Washington, reiterated the…

Jim Ovia named doyen of Nigerian Banking Industry at NGX closing gong ceremony

Abimbola Aderinola

6 months ago

Dr. Umeoji expressed her delight in participating in the closing gong ceremony, acknowledging the NGX's visionary leadership and innovative initiatives...

CBN’s gains tested as naira falls slightly to ₦1,467 per dollar

Femi Fabunmi

6 months ago

The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.

Michelin planning comeback after 18yrs of exit from Nigeria

Isa Isawade

6 months ago

Nigeria’s evolving automotive landscape, with a growing preference for larger, high-end vehicles, drives demand for premium tyres in the 18-inch-and-above…

Why Nigerians should avoid substandard electrical products – NIEEE

Isa Isawade

6 months ago

“We have been working with the Standard Organisation of Nigeria (SON) and the Nigerian Electricity Management Services Agency (NEMSA) to…

Agricultural Cycles and Nigerian Currency Markets

Ayorinde Oluokun

6 months ago

Nigeria's farming sector creates complex currency market relationships operating independently of oil market dynamics while affecting millions of rural residents.

Impact of new capital gains tax rules on the capital market

Ayorinde Oluokun

6 months ago

The reform makes CGT progressive so that low-income earners either pay no CGT or pay less, while higher-income earners contribute…

Customer Service Week: MMA2 honours staff, vows continued Service Excellence

Kazeem Ugbodaga

6 months ago

Acting Chief Operating Officer, Mr. Remi Jibodu, described the celebration as a reminder of BASL’s consistent pursuit of excellence. “At…

Investment Boom: Nigeria secures third major oil & gas deal in under two years

Paul Dada

6 months ago

President Bola Ahmed Tinubu welcomes the news of Shell's $2 billion Final Investment Decision (FID) on a new gas project…

Stock Market soars, NGX adds massive N465bn value boost

Kazeem Ugbodaga

6 months ago

Sovereign Trust Insurance topped the gainers’ chart, rising by 9.97 per cent to close at N3.53 per share, followed by…

Transcorp power records N91.2bn profit before tax, revenue up 38%

Michael Adesina

6 months ago

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has reported a profit before tax of N91.2 billion…

Oil service firm, Tamrose, celebrates repayment of $10m NCI Fund Loan

Ayorinde Oluokun

6 months ago

A statement by NCDMB indicated that with the loan, Tamrose was able to increase the number of its four security…

Our mission is to turn investments into legacies: Oladigbolu speaks on real estate vision

Michael Adesina

6 months ago

Real estate entrepreneur, Kolade Afeez Oladigbolu, has said his company’s guiding vision is to transform investments into lasting legacies that…

Naira Boom Explained: How CBN reforms, oil gains, strengthened the currency

Femi Fabunmi

6 months ago

commended the close collaboration between the Ministry of Finance and the CBN, adding that public statements by the Coordinating Minister…

Naira strengthens to ₦1,455/$ as Nigeria’s external reserves grow

Femi Fabunmi

6 months ago

As the foreign exchange market continues to stabilize, stakeholders are urging the federal government to consolidate the gains by ensuring…

Why CBN must sustain its reforms on naira recovery – BCAN

Paul Dada

6 months ago

The Naira, however, recorded a marginal depreciation of 0.05 per cent on Tuesday, trading at N1,471.08, while it exchanged at…

NGX records 27.9% decline in trade as investors exchange N90.28 shares

Ayorinde Oluokun

6 months ago

The Financial Services Industry led the activity chart with 1.355 billion shares worth N24.588 billion traded in 59,553 deals, contributing…

FG Dismisses Claims of Policy Change on Revenue Deductions

Kazeem Ugbodaga

6 months ago

“At no point during his remarks at the Nigeria Development Update (NDU) programme hosted by the World Bank did the…

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