Business

Access Holdings smashes records with N4.9 trillion earnings in 2024

Kazeem Ugbodaga

12 months ago

Interest income rose by 110% to N3.480 trillion, while non-interest income grew by 47.8% to N1.397 trillion. Profit before tax…

Dangote Refinery again slashes petrol price, now ₦835/litre

Isa Isawade

12 months ago

The new price represents a ₦30 reduction from ₦865 per litre implemented six days ago, marking a 3.5 per cent…

Stock market rebounds with N19bn gain

Ayorinde Oluokun

12 months ago

The NGX market capitalisation rose by N19 billion or 0.03 per cent, ending at N65.704 trillion, up from N65.685 trillion…

Price explosion: Nigeria’s inflation soars to 24.23% in March

Kazeem Ugbodaga

12 months ago

The latest figures from the National Bureau of Statistics (NBS) paint a grim picture for Africa’s largest economy, showing sharp…

How CBEX exploited regulatory loopholes to swindle millions from Nigerians

Kazeem Ugbodaga

12 months ago

The collapse of CBEX has had a profound impact on its investors, many of whom invested their life savings.

Traders Panic as Stock Market dips by N21Bn: Week kicks off with losses

Kazeem Ugbodaga

12 months ago

Leading the gainers’ pack was ABBEY Mortgage Bank, surging 9.95% to close at N6.74 per share. UPDC Real Estate Investment…

FCMB’s training programme is transforming our businesses – Entrepreneurs

Kazeem Ugbodaga

12 months ago

The sessions focused on financial literacy, digital marketing, business planning, and sustainable growth strategies. Participants also benefited from free business…

UK backs Moniepoint to boost trade with Nigeria

Kazeem Ugbodaga

12 months ago

Moniepoint operates as a comprehensive financial ecosystem—providing seamless payments, digital banking, credit, business management, and cross-border solutions to over 10…

Nigeria’s gas export dips after attacks on Oando pipeline in Bayelsa

Ayorinde Oluokun

12 months ago

Oando PLC confirmed that the facility, the Ogboinbiri-Obiobi 24-inch Gas Pipeline between Angiama and Angiamagbene in Southern Ijaw Local Government…

Market bleeds ₦141bn in a day MTN, Oando drag NGX down

Kazeem Ugbodaga

12 months ago

The All-Share Index fell by 224.91 points to close at 104,563.34, compared to Thursday’s 104,788.25, while market capitalisation tumbled from…

Bull surge: Investors rake in N377bn as Nigerian Stock Market roars back to life

Kazeem Ugbodaga

12 months ago

However, not all stocks shared in the day’s euphoria. On the losers’ end, ABC Transport shed 10 per cent, closing…

Nigerian business leader, Jim Ovia, honoured with historic freedom of the city of London

Abimbola Aderinola

12 months ago

The Freedom of the City of London, a time-honoured tradition dating back to the 13th century, is one of the…

KCCI, FGBMI set to host Business Conversation on Visionary Leadership

Kazeem Ugbodaga

12 months ago

According to Joe Femi-Dagunro, Founder and President of KCCI, the Business Conversation is designed to unveil real-life stories and actionable…

Tariff Tornado: Trump redraws Global Trade in 80 days

Kazeem Ugbodaga

12 months ago

Barely two weeks later, on February 1, the president announced a 25% tariff on exports from Canada and Mexico to…

Trade war explodes: China hits U.S. with shocking 84% Tariff

Kazeem Ugbodaga

12 months ago

In response, China has filed a fresh complaint with the World Trade Organization (WTO), accusing the U.S. of “bullying tactics”…

CBN shocks critics with $6.83bn Surplus: Nigeria’s economy roars back

Kazeem Ugbodaga

12 months ago

“International Money Transfer Operator inflows surged by 43.5 per cent to 4.73 billion dollars, up from 3.30 billion dollars in…

No turning back! FG vows to enforce Naira-for-Crude sales

Kazeem Ugbodaga

12 months ago

The session brought together key government and industry stakeholders to assess the progress made so far and resolve emerging implementation…

US-China trade war risks 80% drop in global trade – WTO warns

Kazeem Ugbodaga

12 months ago

“The escalating trade tensions between the United States and China pose a significant risk of a sharp contraction in bilateral…

Customs intercepts controlled drugs in Cross River

Ayorinde Oluokun

12 months ago

The confiscated items included 37 units of Phenobarbital Sodium Sterop 100mg, 216 units of Pethidine 100mg Solution Injection, and 108…

Air Peace introduces new boarding procedure

Ayorinde Oluokun

12 months ago

In the statement signed by the airline’s Head of Corporate Communications, Dr Ejike Ndiulo, Air Peace said the new boarding…

Founder of defunct Diamond Bank Pascal Dozie dies at 85

Paul Dada

12 months ago

The business tycoon was born on April 9, 1939 in Egbu, Owerri, Imo State. He earned a Bachelor’s degree in…

$23bn net foreign exchange reserves ‘ll stablise exchange rate- Uwaleke

Ayorinde Oluokun

12 months ago

The CBN recently revealed that the NFER stood at 23.11 billion dollars at the end of 2024, their highest level…

Naira takes a hit, official rate falls 0.93% against US Dollar

Kazeem Ugbodaga

12 months ago

Despite a period of relative stability since December 2024, fueled by CBN reforms aimed at increasing transparency in the forex…

Stock Market shudders: Market loses N8 billion amid investors panic

Kazeem Ugbodaga

12 months ago

The decline was largely attributed to portfolio adjustments as investors sought dividends, leading to a wave of selling activity. Despite…

Nigeria’s domestic dollar bond issue wins West Africa Deal of the Year Award

Ayorinde Oluokun

12 months ago

Announced by the Debt Management Office (DMO) on August 19, 2024, the bond initially targeted $500 million but was oversubscribed…

U.S. tariffs could lead to decline in global trade – WTO

Ayorinde Oluokun

12 months ago

Okonjo-Iweala who said this in a statement she issued on Thursday in reaction to recent tariffs imposed on goods from…

FCMB records N111.9bn profit before tax in 2024

Ayorinde Oluokun

12 months ago

The FCMB Group’s gross revenue stood at N794.4 billion for the period ending December 2023, marking a 53.9 per cent…

Lagos set to lead Energy Revolution at Inaugural Summit

Kazeem Ugbodaga

12 months ago

Ogunleye noted that Lagos has made significant strides since the pioneering efforts of former Governor Bola Ahmed Tinubu in 1999,…

DealMakers AFRICA honours West Africa’s top mergers, acquisitions, dealmakers

Kazeem Ugbodaga

12 months ago

Spanning 12 countries across three regions, the deal involved Adenia committing up to €30 million over five years to expand…

Nigerian Breweries delivers N1.1 trillion revenue in 2024 – Chairperson

Ayorinde Oluokun

12 months ago

Anammah who revealed this in the company’s 2024 annual report and account, on Thursday in Lagos added that in the…

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