Business

CBN retains tight policy, keeps interest rate at 27.50%

Kazeem Ugbodaga

8 months ago

In addition to retaining the MPR, the MPC voted to keep the Cash Reserve Ratio (CRR) unchanged at 50% for…

Lafarge posts record N269bn Revenue in Q2 2025, profit soars by 248%

Kazeem Ugbodaga

8 months ago

Despite macroeconomic challenges impacting purchasing power, Alade-Akinyemi expressed confidence in sustained growth.

Naira’s fate hangs in balance as Dollar inches ahead

Kazeem Ugbodaga

8 months ago

Analysts note that the Naira’s performance aligns with broader economic dynamics, including Nigeria’s reliance on oil exports, which account for…

Nigerian Airlines refund ₦1.04bn to 5,285 passengers in 2025 second quarter

Kazeem Ugbodaga

8 months ago

The NCAA’s oversight ensures airlines address grievances promptly, a response to persistent challenges in the sector, where delays and cancellations…

Breaking: Nigeria’s GDP surges to 3.13% in 2025 first quarter

Kazeem Ugbodaga

8 months ago

In nominal terms, aggregate GDP reached N94.05 trillion in Q1 2025, reflecting an 18.30% year-on-year increase from N79.51 trillion in…

Naira inches up as Nigeria bids Farewell to Buhari

Oluwapelumi Oluwayemi

9 months ago

According to figures published on the Central Bank of Nigeria’s (CBN) official website, the Naira appreciated by 77 kobo to…

Tinubu’s AGF breaks silence: “We didn’t touch First Holdco shares”

Kazeem Ugbodaga

9 months ago

The AGF’s office clarified that the Federal Government had no role in the ownership or governance of First Holdco, emphasizing…

FCMB commits $40M to Luxury Green Tower in Eko Atlantic

Kazeem Ugbodaga

9 months ago

The project will include a hotel, commercial centre, retail outlets, multipurpose halls, a cinema complex, gaming arcade, wellness centre, and…

Nigeria’s Economic rise: U.S. Investment hits $6.5 billion in blockbuster year

Kazeem Ugbodaga

9 months ago

U.S. investments have primarily targeted sectors such as energy, technology, and agriculture, contributing to job creation and economic diversification in…

10 Tips to avoid debt traps with planned borrowing

Michael Adesina

9 months ago

Debt can be a helpful tool when managed wisely, but it’s all too easy to fall into a debt trap…

Nestlé ignites Stock Market surge as investors rake in N1.44 trillion in a day

Kazeem Ugbodaga

9 months ago

The rally was led by Nestlé Nigeria, which appreciated by 10 per cent to close at ₦1,650.00 per share. Other…

If you are a shareholder in GTCO, you can’t afford to miss this

Kazeem Ugbodaga

9 months ago

GTCO’s recent cross-border listing is believed to be a key driver behind the stock's momentum. On July 9, 2025, the…

Nigeria’s Inflation plummets to 22.22% in June amid rising CPI

Kazeem Ugbodaga

9 months ago

The urban inflation rate declined to 22.72% year-on-year in June 2025, significantly lower than the 36.55% recorded in June 2024.…

Nigeria’s commission asks court to dismiss Meta’s suit challenging $32.8m fine

Ayorinde Oluokun

9 months ago

The NDPC had, on Feb. 18, imposed both a remedial fee of 32,800,000 million US dollars and eight corrective orders…

Jumia appoints Temidayo Ojo as new CEO for Jumia Nigeria

Kazeem Ugbodaga

9 months ago

Jumia extends heartfelt appreciation to Sunil Natraj for his exceptional leadership during a period of profound economic and operational change.

DBN opens applications for 2025 Entrepreneurship Training programme

Kazeem Ugbodaga

9 months ago

Dr. Tony Okpanachi, DBN’s Managing Director/CEO, emphasized the programme’s role in fostering economic growth.

Enactus awards FCMB for driving Youth-led social impact across Nigeria

Kazeem Ugbodaga

9 months ago

Speaking at the event, Michael Ajayi, Country Manager of Enactus Nigeria, praised FCMB for its hands-on approach and deep alignment…

Farmers give reasons for scarcity of local rice

Isa Isawade

9 months ago

They know that if local rice exists and thrives, they will be no more importation of foreign rice or indiscriminate…

VerseOne Distribution Now processes Naira Transactions: More African Currencies to Follow

Kazeem Ugbodaga

9 months ago

Starting today, clients in Nigeria can seamlessly make payments in local currency, eliminating the barriers of currency exchange and international…

Investor confidence soars as Ecobank clears $150m Eurobond early

Kazeem Ugbodaga

9 months ago

Ecobank’s broader transformation programme appears to be yielding early results. Preliminary results for the first half of 2025 show a…

All On invests $250,000 in enee.io to boost energy access in Nigeria

Kazeem Ugbodaga

9 months ago

The company’s solutions align with All On’s mission to support scalable clean energy businesses that address Nigeria’s energy access gap.

Investor promises to deliver $2.6b petrochemical company in Ondo in 12 months

Ayorinde Oluokun

9 months ago

He assured that the company would work with both the states and the community to make sure that everyone benefitted…

Lekki Deep Seaport emerges West Africa’s maritime hub, Sees 394.8% surge in cargo handling

Paul Dada

9 months ago

With its modern infrastructure and congestion-free operations, the port is poised to become a key logistics hub in West Africa,…

Nigeria’s oil rigs climb to 46, production hits 1.7 million barrels daily

Femi Fabunmi

9 months ago

This growth reflects ongoing efforts to boost the country’s oil production capacity and attract greater investment into the sector.

Nigerian Stock Market on fire: Investors pocket ₦212 billion in one day

Kazeem Ugbodaga

9 months ago

The session ended with a strong market breadth, as 60 stocks recorded gains while 21 closed in the red. Leading…

Nigeria’s oil rig count hits 46 – NUPRC

Isa Isawade

9 months ago

According to the commission’s data, about 46 active rigs are driving the current oil production in Nigeria.

Warning! All may not be well at 1AM: Ecobank drops ominous notice

Kazeem Ugbodaga

9 months ago

The bank further noted that during this maintenance window, customers may experience intermittent service disruptions when attempting to use their…

Bramley Fundex Review UK 2025: Scam Or Legit?

Ayorinde Oluokun

9 months ago

Bramley Fundex is a crypto trading platform that’s equipped with technologies and trading tools that make it an efficient and…

How to win every day with AfroPari bonuses!

pmnews

9 months ago

There’s no need to wait for a special occasion to enjoy amazing betting bonuses. Every login can bring excitement, new…

Nigerian Stock Market surges with N193 billion boom

Kazeem Ugbodaga

9 months ago

Cadbury Nigeria Plc led the gainers’ chart with a 10% surge to close at N53.35 per share, while Ellah Lakes…

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